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Property profile & analytics
OFF-MARKET
Auto shops
1052 12th St Erie, PA 16501-1527
Individually Owned
11-yr Hold
Free & Clear
Property ID
US73-2220247
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1870
Construction
WOOD
Total area
8,250 SF
Lot
0.24 ac (10,559 SF)
Zoning code
M2
APN
16-030-051.0-135.00
UPID
US73-2220247
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William K Swanson III · 11 yrs held
William K Swanson III
since 2014
7 recorded transactions
Zoning & alternative use
M2 · 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
$4,466
Tax year 2023
Assessed value
$117,400
Assessed 2024
Previous assessed
$117,400
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$52,800
Assessed improvement
$64,600
Land market value
$52,800
Improvement market value
$64,600
Total market value
$117,400
Applied tax rate
16.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1870
Construction
WOOD
Heating
NONE
Stories
4
Total area
8,250 SF
Lot
0.24 ac (10,559 SF)
Zoning code
M2
APN
16-030-051.0-135.00
UPID
US73-2220247
Jurisdiction
ERIE
Zoning & alternative use
M2 · Erie, PA
Zoning M2 · permitted uses
M2 · 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
1870
Construction
WOOD
Heating
NONE
Stories
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
William K Swanson III
Individual
Free & Clear · 11 yrs held
Mailing address
319 W 10TH ST, ERIE, PA 16502-1440
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2016
—
William K Swanson III
—
Deed
related
$50,000 · Eriebank
Oct 24, 2014
—
William K Swanson III
Swanson,william K III
Quit Claim Deed
related
—
Oct 10, 2014
—
William K Swanson III
Swanson William K
Quit Claim Deed
related
—
Aug 21, 2008
$190,000
William K Swanson
Donor,william H & Dolores M
Grant Deed
—
—
—
William K Swanson III
—
Deed Of Trust
related
$50,000 · Cnb Bk
—
—
William H Donor
—
Deed Of Trust
related
$50,000 · National City Bank Pennsylvani
—
—
William H Donor
—
Deed Of Trust
related
$150,000 · National City Bank Pennsylvani
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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