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    Property profile & analytics

    118 12th St Erie, PA 16501-1908

    • Turn key restaurants
    • 2,765 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    Jan 08, 2020
    Location Intelligence
    Property ID
    US73-1849437
    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

    • Taco Bell / Fast Food Restaurant / Burrito Restaurant
    • Charter Foods North Llc / Grocery Store

    Property Details for 118 12th St

    Year built
    2012
    Construction
    WOOD
    Lot size
    0.93 lot acres
    Property size
    2,765 SF
    Zone code
    C3
    Property type
    Turn key restaurants
    APN
    15-020-007.0-110.00
    APU
    15020007011000

    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
    -80.0796
    Latitude
    42.1245
    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
    $22,765
    $201,700
    $396,700
    $598,400
    -
    $201,700
    $396,700
    $598,400

    Comparable in this City

    • Value Estimation
      $210,000
      4,452 SF

      723 French St

      RESTAURANT • 4,452 SF
      723 French St, Erie, PA 16501-1207
      View Details
    • Value Estimation
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      3,746 SF

      1325 State St

      RESTAURANT • 3,746 SF
      1325 State St, Erie, PA 16501-1915
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    • Value Estimation
      $375,000
      2,062 SF

      128 12th St

      RESTAURANT • 2,062 SF
      128 12th St, Erie, PA 16501-1750
      View Details
    • Value Estimation
      $595,000
      8,100 SF

      6 18th St

      RESTAURANT • 8,100 SF
      6 18th St, Erie, PA 16501
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    • Value Estimation
      $355,000
      3,132 SF

      25 10th St

      RESTAURANT • 3,132 SF
      25 10th St, Erie, PA 16501-1443
      View Details
    • Value Estimation
      $215,000
      4,800 SF

      51 14th St

      RESTAURANT • 4,800 SF
      51 14th St, Erie, PA 16501
      View Details

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    Similar Nearby for Lease

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    Property Visit Statistics

    • Visits by month
      17.8k
    • Visitors by month
      12.0k
    • Avg Time on site
      16 min
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    Erie, PA 16501-1908
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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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