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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Specialty properties
1341 Gore Rd Erie, PA 16504
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-2829763
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
2004
Construction
WOOD
Total area
17,168 SF
Lot
9.27 ac (403,627 SF)
Zoning code
BB
APN
33-113-494.1-030.00
UPID
US73-2829763
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$700k
Owner & transaction history
Schmidt Realty LLC · 22 yrs held
Schmidt Realty LLC
since 2004
5 recorded transactions
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+58.6%
Apartment house (5+ units)
$705,000
+3.2%
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$680,000
Current use
MEDICAL BUILDING
$1,080,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$705,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$41 / 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
$36,000
Tax year 2023
Assessed value
$1,391,900
Assessed 2024
Previous assessed
$1,391,900
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$243,900
Assessed improvement
$1,148,000
Land market value
$243,900
Improvement market value
$1,148,000
Total market value
$1,391,900
Applied tax rate
33.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Rooms
8
Bathrooms
1
Total area
17,168 SF
Lot
9.27 ac (403,627 SF)
Zoning code
BB
APN
33-113-494.1-030.00
UPID
US73-2829763
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PA
Zoning BB · permitted uses
BB · 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.
Alternative use value scenarios
Repositioning upside vs current use
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$680,000
MEDICAL BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$705,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
8
Bathrooms
1
Lot
9.27 ac
Current owner
From public records · entity-resolved
Schmidt Realty LLC
Entity
Free & Clear · 22 yrs held
Mailing address
5000 WATTSBURG RD, ERIE, PA 16504-2748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Schmidt Realty LLC
—
Deed
related
$120,275 · Marquette Savings Bank
Dec 14, 2020
—
Schmidt Realty LLC
—
Deed
related
$590,660 · Marquette Svgs Bk
Apr 29, 2004
—
Schmidt Realty LLC
—
Trustees Deed
related
$2,260,200 · Citizens Bank Pennsylvania
Feb 9, 2004
—
Schmidt Realty LLC
Schmidt Realty LLC
Quit Claim Deed
related
—
—
—
Schmidt Realty LLC
—
Deed Of Trust
related
$590,660 · Marquette Svgs Bk
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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