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    Property profile & analytics

    1063 5th St Erie, PA 16507

    • Showrooms
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $170,000
    Last Sale
    Jun 27, 2024
    $160,000
    Location Intelligence
    Property ID
    US73-5583977
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Showrooms

    Property Details for 1063 5th St

    Lot size
    0.15 lot acres
    Zone code
    R2
    Property type
    Showrooms
    APN
    17-040-032.0-119.00
    APU
    17040032011900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1087
    Latitude
    42.1217
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $559
    $9,600
    $5,100
    $14,700
    -
    $9,600
    $5,100
    $14,700

    Comparable in this City

    • Value Estimation
      $390,000
      0.34 Acres

      110 Dobbins Lndg

      SHOW ROOM, WAREHOUSE • 0.34 Acres
      110 Dobbins Lndg, Erie, PA 16507
      View Details
    • Value Estimation by Request
      0.10 Acres

      430 Ee Ave

      SHOW ROOM, WAREHOUSE • 0.10 Acres
      430 Ee Ave, Erie, PA 16507
      View Details
    • Value Estimation by Request
      0.15 Acres

      424 Cherry St

      SHOW ROOM, WAREHOUSE • 0.15 Acres
      424 Cherry St, Erie, PA 16507-1136
      View Details
    • Value Estimation
      $250,000
      1,760 SF

      321 Holland St

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      321 Holland St, Erie, PA 16507
      View Details
    • Value Estimation by Request
      2,768 SF

      410 Sassafras St

      GYM, HEALTH SPA • 2,768 SF
      410 Sassafras St, Erie, PA 16507
      View Details
    • Value Estimation by Request
      4,200 SF

      3 State St

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      3 State St, Erie, PA 16507-1418
      View Details

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      Erie Bayfront Development Opportunity

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    Similar Nearby for Lease

    • $15 SF/Yr
      3,823 SF

      Downtown Erie Office Space For Lease

      3,823 SF Office, Prime Location
      300 State St, Erie, PA 16507
      View Details
    • $15 SF/Yr
      83,791 SF

      Modern Tool Office Space Available

      Erie CBD Office Suites, 567-4811 sq ft
      10 4Th St, Erie, PA 16507
      View Details
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    1063 5th St
    Erie, PA 16507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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