Realmo Analytics

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Property profile

1009 E 38Th St Erie, PA 16504

FOR SALE
Retail space
Property ID
US73-2731252
3,072 SF 0.27 ac lot Built 1997
Last sale Jan 2008 · $500,000
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value · 2024$487k
Assessed land$122k
Assessed improvement$366k
Effective rate3.80%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$69k
Vacancy & credit loss−$16k
Operating expenses−$13k
NOI · 8.06% cap applied$40k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$37 – $123
Qualifying comparables7

Cap rate analysis

How does the asset earn?
8.06%
$40k 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?
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 agency23.5
Law Firm20.5
HVAC Service12.7

Location

1009 E 38Th St Erie, PA 16504
County assessor Recorded deeds · 3 transfers 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
602 26th, Erie, PA 16504-2814 $65,000 Dec 2024 2,888 SF
4025 Pne, Erie, PA 16504-2331 $135,000 Jun 2024 4,479 SF
2610 Parade, Erie, PA 16504 $198,000 Aug 2023 5,724 SF
3830 Pne, Erie, PA 16504-2375 $373,706 Jul 2021 4,562 SF
1424 Grandview, Erie, PA 16504-2738 $610,000 Jan 2020 3,214 SF
3327 Pne, Erie, PA 16504-1739 $285,000 Jan 2019 2,562 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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