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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
10490 Lk Rd, Lake City, PA 16423-1834
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-5790469
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
WOOD
Total area
8,416 SF
Lot
1.29 ac (56,192 SF)
Zoning code
C2
APN
28-002-002.0-004.00
UPID
US73-5790469
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
William A Heath · 2 yrs held
William A Heath
since 2023
Last sale
$525,000
2 recorded transactions
Zoning & alternative use
C2 · Lake City, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$740,000
+138.8%
Office building
$640,000
+106.0%
Restaurant
$620,000
+98.9%
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
$560,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$740,000
Change: +139% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +106% · Conversion: Difficult
RESTAURANT
$620,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$595,000
Change: +92% · Conversion: Easy
COMMERCIAL (GENERAL)
$395,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $525k (Jul 10 2023)
Last sale anchor
$525k
Jul 10 2023
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
$63 / 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
$4,055
Tax year 2023
Assessed value
$138,400
Assessed 2024
Previous assessed
$138,400
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$35,800
Assessed improvement
$102,600
Land market value
$35,800
Improvement market value
$102,600
Total market value
$138,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Stories
3
Total area
8,416 SF
Lot
1.29 ac (56,192 SF)
Zoning code
C2
APN
28-002-002.0-004.00
UPID
US73-5790469
Jurisdiction
ERIE
Zoning & alternative use
C2 · Lake City, PA
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$740,000
OFFICE BUILDING
Est. value
$640,000
RESTAURANT
Est. value
$620,000
RETAIL STORES
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Stories
3
Lot
1.29 ac
Current owner
From public records · entity-resolved
William A Heath
Individual
Mailing address
9787 MOHAWK RD, GIRARD, PA 16417-7921
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
$525,000
William A Heath
Jeffrey F Meeder
Special Warranty Deed
$282,400 · Marquette Savings Bank
Feb 2, 2022
—
Jeffrey F Meeder
James C Meeder
Intrafamily Transfer
related
$12,321 · Jeffrey Johnson
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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