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Property profile & analytics
OFF-MARKET
Investment properties
1002 6th E Lk Rd Erie, PA 16507
Entity Owned
18-yr Hold
Free & Clear
Property ID
US73-5063675
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1912
Construction
WOOD
Total area
6,212 SF
Lot
0.15 ac (6,355 SF)
Zoning code
R2
APN
14-010-036.0-121.00
UPID
US73-5063675
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
HANDS Rosewood Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rosewood Apartments INC · 18 yrs held
Rosewood Apartments INC
since 2008
6 recorded transactions
Zoning & alternative use
R2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,181
Tax year 2023
Assessed value
$109,900
Assessed 2024
Previous assessed
$109,900
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$31,300
Assessed improvement
$78,600
Land market value
$31,300
Improvement market value
$78,600
Total market value
$109,900
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1912
Construction
WOOD
Heating
NONE
Stories
3
Total area
6,212 SF
Lot
0.15 ac (6,355 SF)
Zoning code
R2
APN
14-010-036.0-121.00
UPID
US73-5063675
Jurisdiction
ERIE
Zoning & alternative use
R2 · Erie, PA
Zoning R2 · permitted uses
R2 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Rosewood Apartments INC
Entity
Free & Clear · 18 yrs held
Mailing address
7 E 7TH ST, ERIE, PA 16501-1105
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2008
$141,160
Rosewood Apartments INC
Stonebridge Redev Funding LLC
Grant Deed
—
Jul 5, 2005
$81,000
Stonebridge Redev Funding LLC
Northwest Savings Bank
Grant Deed
—
Jun 8, 2005
—
Northwest Savings Bank
Hanks,aaron S & Lisa A
Trustees Deed
related
—
Aug 7, 1998
$155,000
Aaron Hanks
Speicher,thomas M
Grant Deed
$124,000 · National City Bank Pennsylvani
—
—
Rosewood Apartments INC
—
Deed Of Trust
related
$312,000 · City Of Erie
—
—
Aaron S Hanks
—
Deed Of Trust
related
$280,000 · Northwest Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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