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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Hotels
130 Frnt St Erie, PA 16507-1554
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-5201042
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2020
Construction
FRAME
Total area
73,971 SF
Lot
1.49 ac (65,035 SF)
Zoning code
WC
APN
14-010-046.0-147.01
UPID
US73-5201042
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
$1.31M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Scotts Bayfront Development INC · 5 yrs held
Scotts Bayfront Development INC
since 2021
2 recorded transactions
Zoning & alternative use
WC · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
W-C and W-C2 (Waterfront Commercial Districts) shall be designed for residential, commercial, recreational and historical uses. (b)
Zone name
Waterfront Commercial
General category
COMMERCIAL
Zone area
371.86 ac
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
Method
Estimation
Statistic approach
by Request
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$2,625,000
6.5%
$2,425,000
7%
$2,250,000
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10%
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
$25 / 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
$452,580
Tax year 2023
Assessed value
$11,896,600
Assessed 2024
Previous assessed
$11,896,600
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$516,100
Assessed improvement
$11,380,500
Land market value
$516,100
Improvement market value
$11,380,500
Total market value
$11,896,600
Applied tax rate
14.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
NONE
Total area
73,971 SF
Lot
1.49 ac (65,035 SF)
Zoning code
WC
APN
14-010-046.0-147.01
UPID
US73-5201042
Jurisdiction
ERIE
Zoning & alternative use
WC · Erie, PAZoning WC · permitted uses
WC · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
W-C and W-C2 (Waterfront Commercial Districts) shall be designed for residential, commercial, recreational and historical uses. (b)
Zone name
Waterfront Commercial
General category
COMMERCIAL
Zone area
371.86 ac
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
NONE
Lot
1.49 ac
Current owner
From public records · entity-resolved
Scotts Bayfront Development INC
Entity
Free & Clear · 5 yrs held
Mailing address
2225 DOWNS DR, ERIE, PA 16509-4793
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
Scotts Bayfront Development INC
—
Deed
related
$800,000 · Redevelopment Authority Of The County Of
Jun 15, 2021
—
Scotts Bayfront Development INC
Scotts Bayfront Development INC
Intrafamily Transfer
related
—
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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