Property profile

1218 38th St Erie, PA 16504

OFF-MARKET
Commercial real estate
Property ID
US73-1778463
0.08 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.08 ac (3,546 SF)
Zoning code RLB
APN 18-052-011.0-112.00
UPID US73-1778463

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Grocery & Convenience Store
  • Training Center Tutoring Service
  • Pet Grooming Service
  • Bank Credit Union
  • Publishing House

Location

1218 38th St Erie, PA 16504-3016
Erie metro Census 2700 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2018
2 recorded transactions
2018
$325,000
2014
$310,000

Zoning & alternative use

RLB · Erie, PA
Zoning description

RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to commercial o…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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