Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$15,035,000
Garden apartment buildings
11 Ww St Erie, PA 16501
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-3577638
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Lot
1.04 ac (45,390 SF)
Zoning code
R3
APN
16-031-002.0-500.00
UPID
US73-3577638
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
$9.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.04M
Owner & transaction history
Paek Landmark Square Pa LP · 3 yrs held
Paek Landmark Square Pa LP
since 2022
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
R3 · 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
Method
Estimation
Statistic approach
$16,105,000
ML approach
$9,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.04M
Range $13.53M – $16.54M · ±10% · vs last sale $14.50M (Sep 8 2022)
Last sale anchor
$14.50M
Sep 8 2022
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
—
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
$6,604
Tax year 2023
Assessed value
$173,600
Assessed 2024
Previous assessed
$173,600
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$113,500
Assessed improvement
$60,100
Land market value
$113,500
Improvement market value
$60,100
Total market value
$173,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2006
Heating
NONE
Lot
1.04 ac (45,390 SF)
Zoning code
R3
APN
16-031-002.0-500.00
UPID
US73-3577638
Jurisdiction
ERIE
Zoning & alternative use
R3 · Erie, PA
Zoning R3 · permitted uses
R3 · 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
2006
Heating
NONE
Lot
1.04 ac
Current owner
From public records · entity-resolved
Paek Landmark Square Pa LP
Entity
Mailing address
10 HL ST, NEWARK, NJ 07102-5601
Ownership since
2022
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
Sep 8, 2022
$14,500,000
Paek Landmark Square Pa LP
Erie Landmark Real Estate Partners
Special Warranty Deed
$3,528,000 · Merchants Bank Of Indiana
Jul 2, 2019
$9,995,000
Erie Landmark R & E Ptrs LP
Landmark Square Apts L LLC
Trustees Deed
related
$8,055,000 · Dougherty Mtg
Mar 12, 2013
—
Landmark Sq Apartments II LLC
Landmark Sq Apartments I LLC
Quit Claim Deed
related
$6,100,000 · Ladder Capital Finance I LLC
Jan 11, 2008
$90,744
Landmark Sq Apartments I LLC
Ashwood Partners LLC
Grant Deed
$1,500,000 · Landmark Sq Apts II LLC
Oct 6, 2004
$1,800,000
Ashwood Partners LLC
Metropolitan Savings Svc Corp
Grant Deed
$3,300,000 · Sky Bank
Sep 30, 2003
$316,970
Metropolitan Savings Svc Corp
Landmark Circle LLC
Trustees Deed
related
—
—
—
Landmark Circle LLC
—
Deed Of Trust
related
$900,000 · Sky Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11 Ww St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
