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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Office buildings
121 10th St, Erie, PA 16501-1415
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1014427
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1960
Total area
28,208 SF
Lot
0.49 ac (21,161 SF)
Zoning code
C3
APN
16-030-009.0-203.00
UPID
US73-1014427
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
-
Velocity Network Tech Support Center IT Consulting Firm
-
Velocity Net Telecommunications Service Data Center
-
Downtown Child Development Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.06M
Owner & transaction history
Child Dev Centers INC · 5 yrs held
Child Dev Centers INC
since 2020
7 recorded transactions
Zoning & alternative use
C3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
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
$38 / SF
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
$21,333
Tax year 2023
Assessed value
$271,290
Assessed 2024
Previous assessed
$848,450
-68.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$127,000
Assessed improvement
$144,290
Land market value
$127,000
Improvement market value
$1,442,900
Total market value
$1,569,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
5
Total area
28,208 SF
Lot
0.49 ac (21,161 SF)
Zoning code
C3
APN
16-030-009.0-203.00
UPID
US73-1014427
Jurisdiction
ERIE
Zoning & alternative use
C3 · Erie, PA
Zoning C3 · permitted uses
C3 · 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
1960
Heating
NONE
Stories
5
Lot
0.49 ac
Current owner
From public records · entity-resolved
Child Dev Centers INC
Entity
Mailing address
PO BOX 1778, ERIE, PA 16512-1778
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
—
Child Development Centers INC
—
Deed
related
$145,000 · Redevelopment Authority Of The Counity
Dec 23, 2020
$360,000
Child Dev Centers INC
Davison Woodmere LLC
Grant Deed
—
Feb 4, 2020
$302,500
Davison Woodmere LLC
Steven W Henderson
Special Warranty Deed
$314,680 · Marquette Savings Bank
Jun 27, 2019
—
Vnet Holdings LLC
—
Grant Deed
related
$2,125,704 · Industrial Dev Auth
Oct 23, 2018
—
Vnet Holdings LLC
—
Deed
related
$350,000 · Miscellaneous Govt Agcy
Feb 9, 2018
—
Steven W Henderson
—
Deed
related
$325,000 · Marquette Svgs Bk
Mar 15, 2017
—
Steven W Henderson
—
Deed
related
$30,000 · Marquette Svgs Bk
Feb 24, 2017
—
Vnet Holdings LLC
—
Deed
related
$1,000,000 · Redevelopment Authority/cnty
Feb 17, 2017
$250,000
Vnet Holdings LLC
121 West Tenth INC
Grant Deed
related
$825,704 · Eriebank
Nov 23, 2016
—
Steven W Henderson
—
Trust Deed
related
$50,000 · Marquette Svgs Bk
Jul 19, 2016
—
Steven W Henderson
—
Trust Deed
related
$50,000 · Marquette Svgs Bk
Jun 18, 2013
$150,000
121 West Tenth INC
Northwest Svgs Bk
Grant Deed
$175,000 · James E Mantyla
Mar 21, 2013
$37,001
Northwest Svgs Bk
Sheriff Of Erie County
Trustees Deed
related
—
Feb 5, 2008
$264,000
R & R Rentals Of Erie LLC
Weber,william L & Laura L
Grant Deed
related
—
Nov 6, 2007
$264,000
R & R Rentals LLC
Weber,william L & Laura L
Warranty Deed
—
Dec 23, 2003
$215,000
William L Weber
Fadul,faisal K & Amsha-ann E
Grant Deed
$176,000 · Northwest Savings Bank
—
—
Vnet Holdings LLC
—
Deed Of Trust
related
$350,000 · Miscellaneous Govt Agcy
—
—
Vnet Holdings LLC
—
Deed Of Trust
related
$500,000 · * Other Institutional Lenders
—
—
Vnet Holdings LLC
—
Loan Modification
related
$1,000,000 · Redevelopment Authority/cnty
—
—
R & R Rentals Of Erie LLC
—
Deed Of Trust
related
$300,000 · Northwest Savings Bank
—
—
R & R Rentals LLC
—
Deed Of Trust
related
$100,000 · Northwest Savings 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.
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