New search
Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Manufacturing properties
10047 Keystone Dr, Lake City, PA 16423-1061
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-5977360
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Construction
FRAME
Total area
76,714 SF
Lot
16.27 ac (708,634 SF)
Zoning code
M1
APN
28-010-004.0-057.00
UPID
US73-5977360
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
-
Dakota 283 Big Box & Wholesale Store
-
Sterling Technologies Inc Factory Production Facility
-
Lenny's Machine Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$760k
Owner & transaction history
Sterling Real Estate Invs LLC · 19 yrs held
Sterling Real Estate Invs LLC
since 2006
4 recorded transactions
Zoning & alternative use
M1 · Lake City, 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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
Method
Estimation
Statistic approach
by Request
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$10 / SF
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
$15,719
Tax year 2023
Assessed value
$536,500
Assessed 2024
Previous assessed
$536,500
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$102,800
Assessed improvement
$433,700
Land market value
$102,800
Improvement market value
$433,700
Total market value
$536,500
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Construction
FRAME
Heating
NONE
Stories
4
Total area
76,714 SF
Lot
16.27 ac (708,634 SF)
Zoning code
M1
APN
28-010-004.0-057.00
UPID
US73-5977360
Jurisdiction
ERIE
Zoning & alternative use
M1 · Lake City, PA
Zoning M1 · permitted uses
M1 · Lake City, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
FRAME
Heating
NONE
Stories
4
Lot
16.27 ac
Current owner
From public records · entity-resolved
Sterling Real Estate Invs LLC
Entity
Mailing address
2800 W 21ST ST, ERIE, PA 16506-2980
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2006
$544,200
Sterling Real Estate Invs LLC
Carlisle Engineered Products I
Grant Deed
—
Sep 21, 2006
—
Engineered Products I Carlisle
Erie Cnty Indl Dev Authority
Grant Deed
—
—
—
Sterling Real Estate Invs LLC
—
Deed Of Trust
related
$250,000 · Redevelopment Authority Erie
—
—
Sterling Real Estate Invs LLC
—
Deed Of Trust
related
$696,000 · Citizens Bk/pa
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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