Back to Search
Property profile & analytics
OFF-MARKET
Retail space
1120 Freeport Rd North East, PA 16428-3030
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-5367000
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1870
Construction
WOOD
Total area
11,990 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R2
APN
37-005-047.0-008.00
UPID
US73-5367000
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
Current use
Occupant on record · Public records
-
South Shore Wine Company Brewery & Distillery Specialty Food Shop
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
Mazza Family LLC · 20 yrs held
Mazza Family LLC
since 2006
7 recorded transactions
Zoning & alternative use
R2 · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$6,807
Tax year 2023
Assessed value
$301,800
Assessed 2024
Previous assessed
$301,800
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$58,500
Assessed improvement
$243,300
Land market value
$58,500
Improvement market value
$243,300
Total market value
$301,800
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1870
Construction
WOOD
Heating
NONE
Stories
8
Total area
11,990 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R2
APN
37-005-047.0-008.00
UPID
US73-5367000
Jurisdiction
ERIE
Zoning & alternative use
R2 · North East, PA
Zoning R2 · permitted uses
R2 · North East, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1870
Construction
WOOD
Heating
NONE
Stories
8
Lot
1.8 ac
Current owner
From public records · entity-resolved
Mazza Family LLC
Entity
Mailing address
11580 LK RD, NORTH EAST, PA 16428-3269
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2019
—
Mazza Family LLC
—
Deed
related
$50,000 · First Nat'l Bk/pa
Jul 26, 2019
—
Mazza Family LLC
—
Deed
related
$68,446 · First Nat'l Bk/pa
Jun 30, 2006
$92,500
Mazza Family LLC
First National Bank Of Pennsylvania
Deed
$82,500 · First National Bank Of Pennsylvania
Feb 8, 2006
$7,322
First Natl Bk Of Pennsylvania
Sheriff Of Erie County
Trustees Deed
related
—
—
—
Fank A Licata
—
Deed Of Trust
related
$132,000 · National Bank
—
—
Mazza Family LLC
—
Deed Of Trust
related
$50,000 · First Nat'l Bk/pa
—
—
Mazza Family LLC
—
Deed Of Trust
related
$68,446 · First Nat'l Bk/pa
—
—
Frank A Licata
—
Deed Of Trust
related
$10,000 · Mercer County State Bank
—
—
Frank A Licata
—
Deed Of Trust
related
$39,010 · National Bank Of North East
—
—
Frank A Licatta
—
Deed Of Trust
related
$171,800 · National Bank Of North East
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 1120 Freeport Rd?
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.
