Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1223 Lk Rd Erie, PA 16507-1975

    • Investment properties
    • 2,464 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 20, 2024
    $98,384
    Location Intelligence
    Property ID
    US73-1058590
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rooter-Man / Plumber
    • Visions Barbershop / Barber Shop

    Property Details for 1223 Lk Rd

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,464 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14-010-043.0-203.00
    APU
    14010043020300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0578
    Latitude
    42.1397
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,176
    $8,600
    $48,600
    $57,200
    -
    $8,600
    $48,600
    $57,200

    Comparable in this City

    • Value Estimation
      $345,000
      5,672 SF

      227 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,672 SF
      227 6th St, Erie, PA 16507-1523
      View Details
    • Value Estimation
      $380,000
      15,918 SF

      130 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,918 SF
      130 4th St, Erie, PA 16507-1508
      View Details
    • Value Estimation
      $190,000
      3,780 SF

      802 4th E 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,780 SF
      802 4th E 6th St, Erie, PA 16507
      View Details
    • Value Estimation
      $210,000
      5,430 SF

      1001 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,430 SF
      1001 5th St, Erie, PA 16507-2605
      View Details
    • Value Estimation
      $425,000
      8,739 SF

      652 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,739 SF
      652 6th St, Erie, PA 16507-1173
      View Details
    • Value Estimation
      $290,000
      2,128 SF

      318 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,128 SF
      318 6th St, Erie, PA 16507-1268
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Erie Bayfront Development Opportunity

      Four parcels near Erie's bayfront, suitable for various development.
      102 Sassafras St, Erie, PA 16507
      View Details
    • Contact for pricing

      Erie Bayfront Development Opportunity

      Four parcels near Erie's bayfront, suitable for various development uses.
      114 Sassafras St, Erie, PA 16507
      View Details
    • $49,900
      0.12 Acres

      Waterfront Land Opportunity in Erie

      Waterfront land in rapidly developing Bayfront area, Erie, Pennsylvania.
      W 2Nd St, Erie, PA 16507
      View Details
    • $6,511,000
      44,834 SF

      Erie Medical Office Investment

      Prime Erie location, strong tenant.
      137 2Nd St, Erie, PA 16507
      View Details
    • $189,900
      6,724 SF

      Vacant Lot in Erie, PA

      Vacant commercial land in Erie's Bayfront area, utilities available.
      210 W 2Nd St, Erie, PA 16507
      View Details
    • $275,000
      1,812 SF

      Turnkey Business Opportunity on East Lake

      Established business and building for sale on high-traffic East Lake Road.
      1402 E Lake Rd, Erie, PA 16507
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      83,791 SF

      Modern Tool Office Space Available

      Erie CBD Office Suites, 567-4811 sq ft
      10 4Th St, Erie, PA 16507
      View Details
    • $15 SF/Yr
      3,823 SF

      Downtown Erie Office Space For Lease

      3,823 SF Office, Prime Location
      300 State St, Erie, PA 16507
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1223 Lk Rd
    Erie, PA 16507-1975
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.