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Property profile

1213 Veshecco Dr Erie, PA 16501

FOR LEASE
Warehouses
Property ID
US73-5798178
8,368 SF 2.05 ac lot Built 1994
Last sale Feb 2006 · $500,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value · 2024$331k
Assessed land$141k
Assessed improvement$189k
Effective rate3.80%

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$5k
Operating expenses−$30k
NOI · 732,600.00% cap applied$55k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$37/SF
Submarket average, outlier-cleaned · 110 recorded sales of this use type
Observed band · Q1–Q3$22 – $55
Qualifying comparables3

Cap rate analysis

How does the asset earn?
732,600.00%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IP
IP Industrial Park Districts are created as an area to be developed exclusively for manufacturing activity but with more restrictions tha...
General categoryINDUSTRIAL
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.7
Law Firm22.7
Restaurant21.8

Location

1213 Veshecco Dr Erie, PA 16501
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
111 17th W 11th, Erie, PA 16501 $285,000 Apr 2025 7,513 SF
135 11th, Erie, PA 16501-1722 $210,000 Dec 2023 6,720 SF
1917 State, Erie, PA 16501-2287 $359,000 Oct 2023 7,560 SF
217 11th, Erie, PA 16501-1701 $253,790 Sep 2022 11,356 SF
1020 Holland, Erie, PA 16501-2005 $16,826 Oct 2019 12,220 SF
1556 12th, Erie, PA 16501-1596 $750,000 May 2019 10,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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