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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Investment properties
140 Main St North East, PA 16428-1132
Trust Owned
7-yr Hold
Free & Clear
Property ID
US73-1925422
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1965
Construction
WOOD
Total area
9,544 SF
Lot
10.58 ac (460,865 SF)
Zoning code
RA
APN
35-006-001.0-029.00
UPID
US73-1925422
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
-
St. Gregory School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$910k
Owner & transaction history
St Gregory,thaumaturgus Parish Trust · 7 yrs held
St Gregory,thaumaturgus Parish Trust
since 2018
1 recorded transaction
Zoning & alternative use
RA · North East, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$840,000
+86.7%
Office building
$725,000
+61.1%
Restaurant
$700,000
+55.5%
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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$840,000
Change: +87% · Conversion: Moderate
OFFICE BUILDING
$725,000
Change: +61% · Conversion: Easy
RESTAURANT
$700,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$675,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$95 / 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
Assessed value
$1,278,500
Assessed 2024
Previous assessed
$1,278,500
+0.0% YoY
Assessed land
$335,300
Assessed improvement
$943,200
Land market value
$335,300
Improvement market value
$943,200
Total market value
$1,278,500
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Stories
4
Total area
9,544 SF
Lot
10.58 ac (460,865 SF)
Zoning code
RA
APN
35-006-001.0-029.00
UPID
US73-1925422
Jurisdiction
ERIE
Zoning & alternative use
RA · North East, PA
Zoning RA · permitted uses
RA · North East, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$840,000
OFFICE BUILDING
Est. value
$725,000
RESTAURANT
Est. value
$700,000
RETAIL STORES
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1965
Construction
WOOD
Heating
NONE
Stories
4
Lot
10.58 ac
Current owner
From public records · entity-resolved
St Gregory,thaumaturgus Parish Trust
Trust
Free & Clear · 7 yrs held
Mailing address
429 E GRANDVIEW BLVD, ERIE, PA 16504-2603
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
—
St Gregory,thaumaturgus Parish Trust
Most Reverend Lawrence T Persi
Quit Claim Deed
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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