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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Warehouses
12123 1212th E Main Rd North East, PA 16428
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0643907
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
WOOD
Total area
20,550 SF
Lot
6.12 ac (266,457 SF)
Zoning code
I
APN
37-016-075.0-001.00
UPID
US73-0643907
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$920k
Owner & transaction history
Spidalieri Enterprises Pa LLC · 2 yrs held
Spidalieri Enterprises Pa LLC
since 2023
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
I · North East, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+98.9%
Retail stores
$1.5M
+94.1%
Auto repair, garage
$1.5M
+91.6%
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
Method
Estimation
Statistic approach
$910,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$760,000
Current use
RESTAURANT
$1,510,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$1,475,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,455,000
Change: +92% · Conversion: Easy
COMMERCIAL (GENERAL)
$970,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$630,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $850k (Nov 1 2023)
Last sale anchor
$850k
Nov 1 2023
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
$45 / 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
$10,192
Tax year 2023
Assessed value
$451,900
Assessed 2024
Previous assessed
$451,900
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$165,600
Assessed improvement
$286,300
Land market value
$165,600
Improvement market value
$286,300
Total market value
$451,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
20,550 SF
Lot
6.12 ac (266,457 SF)
Zoning code
I
APN
37-016-075.0-001.00
UPID
US73-0643907
Jurisdiction
ERIE
Zoning & alternative use
I · North East, PAZoning I · permitted uses
I · North East, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$760,000
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$970,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
6.12 ac
Current owner
From public records · entity-resolved
Spidalieri Enterprises Pa LLC
Entity
Mailing address
PO BOX 595, BURTON, OH 44021-0595
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
—
Spidalieri Enterprises Pa LLC
—
Deed
related
$720,000 · The Farmers National Bank Of Canfield
Dec 15, 2023
$850,000
Spidalieri Enterprises Pa LLC
Christina T Rizer
Re-recorded Document
related
—
Nov 1, 2023
$850,000
Spidalieri Enterprises Pa LLC
Christina T Rizer
Deed
—
Oct 18, 2021
—
Christina T Rizer
Christina T Rizer
Intrafamily Transfer
related
—
Sep 20, 2021
—
Clifton T Rlzer
—
Deed
related
$750,000 · Clarion County Community Bank
Feb 1, 2018
$600,000
The Rizer Living Trust
Wire Weld INC
Deed
—
Jul 13, 2006
$375,000
Cost Effective Coatings INC
Pierce Hardy Real Estate INC
Grant Deed
—
—
—
Wire Weld INC
—
Deed Of Trust
related
$2,056,000 · Manufacturers & Traders Tr
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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