Financial
Distress signals
Property profile

801 State St Erie, PA 16501

FOR LEASE
Banks
Property ID
US73-0763713
47,400 SF 0.6 ac lot Built 1931
Last sale Jul 2024 · $620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Mortgages

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?
$87k
Tax billed · 2023
Assessed value · 2024$2.30M
Assessed land$210k
Assessed improvement$2.09M
Effective rate3.80%

Value estimate

· Sep 2026
$620k
$558k – $682k
AI approach$620k
NOI build-up
Gross scheduled income$205k
Vacancy & credit loss−$46k
Operating expenses−$40k
NOI · 792,573.33% cap applied$119k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
792,573.33%
$119k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.3
Carpet & Flooring Store9.2
Hair Salon9.1

Location

801 State St Erie, PA 16501
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
117 12th, Erie, PA 16501-1907 $50,000 Feb 2026 16,520 SF
1128 State, Erie, PA 16501-1928 $1,100,000 May 2025 31,626 SF
711 State, Erie, PA 16501-1314 $10,200,000 Dec 2024 19,047 SF
1301 State, Erie, PA 16501-1915 $300,000 Jun 2023 11,600 SF
1307 State, Erie, PA 16501-1915 $350,000 Dec 2021 47,850 SF
1213 State, Erie, PA 16501-1913 $415,000 Aug 2021 11,600 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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