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    Property profile & analytics

    1111 Peninsula Dr Erie, PA 16505-4165

    • Retail space
    • 10,318 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimation
    $2,760,000
    Last Sale
    Oct 07, 2021
    $3,150,000
    Location Intelligence
    Property ID
    US73-5008939
    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

    • CVS Photo / Photo Lab / Photo Shop
    • CVS Pharmacy / Pharmacy
    • CVS / Vitamin & Supplements Store / Convenience Store
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1111 Peninsula Dr

    Year built
    2000
    Construction
    FRAME
    Lot size
    1.10 lot acres
    Property size
    10,318 SF
    Zone code
    RB
    Property type
    Retail space
    APN
    33-034-058.0-009.01
    APU
    33034058000901

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,680,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,340,000
      6.5%
      $3,050,000
      7%
      $3,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,625,000
      Geo Method
      $2,815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,725,000
      Retail
      $3,385,000
      Mixed-Use
      $2,880,000
      Hospitality
      $2,715,000
      Educational
      $3,705,000
      Residential Income
      $3,660,000
      Energy
      $2,995,000
      Income-Based Land
      $3,690,000
      Food Service
      $2,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1454
    Latitude
    42.1004
    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
    $57,927
    $477,400
    $1,762,250
    $2,239,650
    -
    $477,400
    $1,762,250
    $2,239,650

    Comparable in this City

    • Value Estimation
      $365,000
      6,300 SF

      4101 12th St

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      4101 12th St, Erie, PA 16505-3103
      View Details
    • Value Estimation
      $580,000
      25,446 SF

      3823 12th St

      RETAIL STORES (PERSONAL SERVICES) • 25,446 SF
      3823 12th St, Erie, PA 16505-3381
      View Details
    • Value Estimation
      $150,000
      1,134 SF

      3959 12th St

      RETAIL STORES (PERSONAL SERVICES) • 1,134 SF
      3959 12th St, Erie, PA 16505-3343
      View Details
    • Value Estimation
      $170,000
      3,360 SF

      2756 12th St

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      2756 12th St, Erie, PA 16505-4247
      View Details
    • Value Estimation
      $245,000
      3,400 SF

      3644 12th St

      RETAIL STORES (PERSONAL SERVICES) • 3,400 SF
      3644 12th St, Erie, PA 16505-3542
      View Details
    • Value Estimation
      $650,000
      6,760 SF

      2252 8th St

      RETAIL STORES (PERSONAL SERVICES) • 6,760 SF
      2252 8th St, Erie, PA 16505-4543
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Erie, PA

      Retail space anchored by Giant Eagle in a prime location.
      2501 W 12Th St, Erie, PA 16505
      View Details
    • $625 /Mo
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      Modern Retail/Office Space Available

      Modern 450 SF space for lease in Erie, PA.
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      View Details
    • Contact for pricing
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      West Erie Plaza Retail Pads

      Erie's premier retail center: 12 spaces available.
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    • Contact for pricing
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      Retail Space Near Giant Eagle

      Retail space anchored by Giant Eagle in a busy corridor.
      2503 W 15Th St, Erie, PA 16505
      View Details
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      198,418 SF

      Yorktown Centre Retail Space

      Erie, PA: Prime Retail Opportunity
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      View Details
    • $5 SF/Yr
      28,080 SF

      Manor Plaza: Erie Office Space

      Erie, PA office & retail space available.
      2105 8Th St, Erie, PA 16505
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.4k
    • Avg Time on site
      16 min
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    1111 Peninsula Dr
    Erie, PA 16505-4165
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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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