Financial
Distress signals
Property profile

1018 State St Erie, PA 16501

OFF-MARKET
Retail space
Property ID
US73-5878698
1,672 SF 0.05 ac lot Built 1970
Last sale Dec 2020 · $170,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial storefront in Erie, Pennsylvania, that has historically been used as a restaurant since 1989. The building contains 1,672 square feet of interior space and sits on a 0.0458-acre lot. It is configured for restaurant use and includes existing restaurant equipment. The site provides ample parking, and the property is subject to property taxes handled by the landlord.

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?
$4k
Tax billed · 2023
Assessed value · 2024$98k
Assessed land$16k
Assessed improvement$82k
Effective rate3.80%

Value estimate

· Sep 2026
$160k
$144k – $176k
AI approach$160k

Realmo valuation models over county records and 4 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 comparables4

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?
C3
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 agency22.9
Hair Salon14.2
Nail Salon12.0

Location

1018 State St Erie, PA 16501-1804
County assessor Recorded deeds · 4 transfers 4 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
1305 State, Erie, PA 16501-1915 $300,000 Jun 2023 2,090 SF
1012 State, Erie, PA 16501-1804 $89,000 May 2023 1,672 SF
1213 Peach, Erie, PA 16501-1807 $155,000 Dec 2022 1,300 SF
1022 State, Erie, PA 16501-1804 $170,000 Apr 2022 1,672 SF
1010 State, Erie, PA 16501-1804 $110,000 Nov 2021 1,672 SF
11 12th, Erie, PA 16501-1905 $162,500 Apr 2020 2,400 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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