Realmo Analytics
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Individually Owned Property summary
This 48,000 square foot industrial warehouse located at 1502 Sassafras St, Erie, PA 16502, is offered for sale at $99,000. The property sits on a 0.75-acre lot and is a three-story structure built at the turn of the century. Access to the property is via Route 5, turning south onto Sassafras Street, with the building situated on the left. It's important to note significant ingress and egress challenges exist due to a lack of land on the building's south side, necessitating crossing… neighboring property (subject to existing easement rights). The property is being sold strictly "as-is," requiring a cash buyer. The freight elevator is currently inoperable. Personal property and debris will remain on the premises upon sale; the property will not be "broom clean." An assessment appeal is currently pending, and the assessed value and real estate taxes reflect this. This presents a unique opportunity for an investor seeking a substantial property at a compelling price, understanding the existing challenges and conditions. The property is classified as Industrial and Commercial.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 48,000 SF
- Lot area
- 0.75 ac
- Year built
- 1908
- Stories
- 4
- APN
- 16-030-012.0-101.00
- Zoning
- M2
- Assessed value · 2024
- $176,200
- Annual tax · 2023
- $6,703
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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