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Property profile & analytics
OFF-MARKET
Retail space
1213 State St 19 Erie, PA 16501-1913
Entity Owned
~
Est. High Equity
Property ID
US73-0111496
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1909
Construction
WOOD
Total area
11,600 SF
Lot
0.27 ac (11,600 SF)
Zoning code
C3
APN
15-020-003.0-204.00
UPID
US73-0111496
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1213 State Street LLC
1213 State Street LLC
since 2025
Last sale
$415,000
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
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
$14,110
Tax year 2023
Assessed value
$370,900
Assessed 2024
Previous assessed
$370,900
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$92,800
Assessed improvement
$278,100
Land market value
$92,800
Improvement market value
$278,100
Total market value
$370,900
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1909
Construction
WOOD
Heating
NONE
Stories
5
Total area
11,600 SF
Lot
0.27 ac (11,600 SF)
Zoning code
C3
APN
15-020-003.0-204.00
UPID
US73-0111496
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
1909
Construction
WOOD
Heating
NONE
Stories
5
Lot
0.27 ac
Current owner
From public records · entity-resolved
1213 State Street LLC
Entity
Mailing address
4512 PEACH ST #1, ERIE, PA 16509-1369
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2026
—
1213 State Street LLC
—
Deed
related
$1,249,551 · Flagship Community Bank
Nov 5, 2025
—
1213 State Street LLC
Ariston Group LLC
Deed
related
—
Feb 20, 2024
—
1213 State Street LLC
—
Deed
related
$250,000 · City Of Erie
Oct 12, 2023
—
1213 State Street LLC
—
Deed
related
$95,302 · Flagship Community Bank
Dec 20, 2022
—
1213 State Street LLC
—
Deed
related
$200,000 · Clarion County Community Bank
Mar 25, 2022
—
1213 State Street LLC
—
Deed
related
$525,445 · Clarion County Community Bank
Aug 17, 2021
$415,000
1213 State Street LLC
Ariston Group LLC
Special Warranty Deed
$336,000 · Clarion County Community Bank
Aug 27, 2020
$175,000
Ariston Group LLC
Cell Block INC
Grant Deed
—
Oct 19, 2005
$173,120
Cell Block INC
Imbro,alfred & Kathleen
Grant Deed
—
Jan 24, 2005
$150,000
Alfred Imbro
City Msn Of Evangelical Churches
Warranty Deed
—
—
—
Cell Block INC
—
Deed Of Trust
related
$264,000 · Interbay Funding LLC
—
—
Cellblock INC
—
Deed Of Trust
related
—
—
—
Cell Block INC
—
Deed Of Trust
related
$120,000 · Woodlands 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.
Try Rey
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