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Property profile & analytics
OFF-MARKET
Showrooms
1359 Marshall Dr, Erie, PA 16505-3626
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-4114703
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
0.53 ac (23,217 SF)
Zoning code
LI
APN
33-035-171.0-015.03
UPID
US73-4114703
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
Current use
Occupant on record · Public records
-
You V. You Personal Training LLC Gym & Fitness Center
-
Renew Fitness Gym & Fitness Center
-
Leopolds Tree Trimming & Removal Landscaping General Contractor
-
Ansuz Strength Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Benjamin D Leopold · 8 yrs held
Benjamin D Leopold
since 2017
7 recorded transactions
Zoning & alternative use
LI · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$887
Tax year 2023
Assessed value
$34,300
Assessed 2024
Previous assessed
$34,300
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$13,000
Assessed improvement
$21,300
Land market value
$13,000
Improvement market value
$21,300
Total market value
$34,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Lot
0.53 ac (23,217 SF)
Zoning code
LI
APN
33-035-171.0-015.03
UPID
US73-4114703
Jurisdiction
ERIE
Zoning & alternative use
LI · Erie, PA
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Benjamin D Leopold
Individual
Mailing address
3919 W 12TH ST, ERIE, PA 16505-3303
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
Benjamin D Leopold
—
Deed
related
$160,000 · Erie Funding LLC
Apr 21, 2023
—
Benjamin D Leopold
—
Deed
related
$50,000 · Raymond S Litz
Apr 10, 2018
—
Benjamin D Leopold
—
Deed
related
$30,000 · Passport West Eighth LLC
Dec 20, 2017
$30,000
Benjamin D Leopold
Passport West Eighth LLC
Grant Deed
—
Jan 17, 2012
—
Passport West Eighth LLC
Bakst Michael R
Grant Deed
related
—
Dec 30, 2010
$20,000
Erie Regional Arpt Authority
Finley,joseph B
Grant Deed
—
Jul 10, 2007
—
Joseph B Finley
Finley,dawn M
Quit Claim Deed
related
—
—
—
Benjamin D Leopold
—
Deed Of Trust
related
$30,000 · Passport West Eighth LLC
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.
Try Rey
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