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    Property profile & analytics

    1118 Lk Rd Erie, PA 16507-1930

    • Investment properties
    • 4,064 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Location Intelligence
    Property ID
    US73-0607921
    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

    • Smitty's 814 Lounge / Bar

    Property Details for 1118 Lk Rd

    Year built
    1917
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    4,064 SF
    Zone code
    R2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14-010-040.0-122.00
    APU
    14010040012200

    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
    -80.0606
    Latitude
    42.1393
    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
    $2,313
    $8,200
    $52,600
    $60,800
    -
    $8,200
    $52,600
    $60,800

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      501 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,360 SF
      501 4th St, Erie, PA 16507-1158
      View Details
    • Value Estimation
      $220,000
      2,800 SF

      461 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,800 SF
      461 6th St, Erie, PA 16507-1636
      View Details
    • Value Estimation
      $350,000
      3,024 SF

      514 Cherry St, Unit 16

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      514 Cherry St, Erie, PA 16507-1138
      View Details
    • Value Estimation
      $70,000
      2,924 SF

      560 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,924 SF
      560 5th St, Erie, PA 16507-1712
      View Details
    • Value Estimation
      $345,000
      7,781 SF

      519 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,781 SF
      519 6th St, Erie, PA 16507-1128
      View Details
    • Value Estimation
      $345,000
      7,738 SF

      324 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,738 SF
      324 6th St, Erie, PA 16507-1269
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Erie Bayfront Development Opportunity

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      Turnkey Business Opportunity on East Lake

      Established business and building for sale on high-traffic East Lake Road.
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      1,812 SF

      Turnkey Business Opportunity in Erie

      Established business and building for sale on high-traffic East Lake Road.
      1402 E Lake Rd, Erie, PA 16507
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      Erie, PA Waterfront Residential Land

      Residential zoned land with easy access and development opportunities.
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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

    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      2.2k
    • Avg Time on site
      19 min
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    1118 Lk Rd
    Erie, PA 16507-1930
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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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