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Financial
Distress signals
Property profile

3123 State St Erie, PA 16508

OFF-MARKET
Office buildings
Property ID
US73-5821323
4,732 SF 0.2 ac lot Built 1955
Last sale Jun 2025 · $280,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,732 square foot office building in Erie, Pennsylvania, presents a fantastic investment opportunity. Situated on a highly visible 0.2-acre corner lot, the property boasts ample parking with seven spaces in a paved lot. The building features a well-designed layout, offering 2,366 square feet on the main floor and an equally sized 2,366 square foot finished lower level. The main floor includes a welcoming reception area, spacious open workspace, seven private offices, a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$155k
Assessed land$26k
Assessed improvement$129k
Effective rate3.80%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$39 – $145
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RLB
RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally l...
General categoryINDUSTRIAL
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.7
Law Firm14.5
Pawn Shop10.8

Location

3123 State St Erie, PA 16508-2819
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3204 State, Erie, PA 16508-2855 $300,000 Apr 2022 3,960 SF
2620 Sigsbee, Erie, PA 16508-1721 $100,000 Jan 2022 3,600 SF
3104 State, Erie, PA 16508-2820 $389,000 Sep 2020 6,750 SF
224 26th, Erie, PA 16508-1806 $300,000 Sep 2020 7,176 SF
2115 38th, Erie, PA 16508-1925 $300,000 Sep 2020 4,548 SF
1344 38th, Erie, PA 16508-2462 $126,000 Jul 2019 2,775 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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