Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    145 11th St Erie, PA 16501-1722
    Back to Search
    Property profile & analytics

    145 11th St, Erie, PA 16501-1722

    View on Map
    • Investment properties
    • 8,010 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Mar 12, 2025
    $300,000
    Property ID
    US73-5517783
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Basement Transmissions / Music Venue / Bar & Pub

    Property Details for 145 11th St

    Year built
    1918
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    16-030-009.0-115.00
    APU
    16030009011500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 8, 2025 — Lavery Ventures LLC — Deed · related $163k · City Of Erie
    Jun 12, 2025 $300,000 Lavery Ventures LLC Robert J Jensen Warranty Deed $150k · Erie FCU
    Oct 1, 2021 $50,209 Robert J Jensen Basement Transmission Art & Music S Corporation Deed —
    May 20, 2014 $52,000 Transmissions Art Basement Northwest Svgs Bk Grant Deed $50k · Erica Jackson
    Oct 15, 2009 $2,477 Northwest Svgs Bk Sheriff Of Erie County Trustees Deed · related —
    — — Roadhouse Theatre INC — Deed Of Trust · related $10k · Northwest Savings Bank
    — — Roadhouse Theatre INC — Deed Of Trust · related $180k · Northwest Savings Bank
    — — Roadhouse Theatre — Deed Of Trust · related $25k · Mellon Bank
    — — Roadhouse Theatre — Deed Of Trust · related $100k · Citizens Bank Pennsylvania

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0849
    Latitude
    42.1231
    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
    $2,283
    $20,000
    $40,000
    $60,000
    -
    $20,000
    $40,000
    $60,000

    Comparable in this City

    • Value Estimation
      $790,000
      16,243 SF

      205 9th St

      OFFICE/RESIDENTIAL (MIXED USE)
      205 9th St, Erie, PA 16501-1304
      View Details
    • Value Estimation
      $500,000
      9,570 SF

      135 6th St

      OFFICE/RESIDENTIAL (MIXED USE)
      135 6th St, Erie, PA 16501-1268
      View Details
    • Value Estimation by Request
      6,156 SF

      127 6th St

      OFFICE/RESIDENTIAL (MIXED USE)
      127 6th St, Erie, PA 16501-1001
      View Details
    • Value Estimation by Request
      6,741 SF

      216 7th St

      OFFICE/RESIDENTIAL (MIXED USE)
      216 7th St, Erie, PA 16501-1602
      View Details
    • Value Estimation by Request
      6,632 SF

      253 8th St

      OFFICE/RESIDENTIAL (MIXED USE)
      253 8th St, Erie, PA 16501-1627
      View Details
    • Value Estimation by Request
      4,979 SF

      907 French St

      OFFICE/RESIDENTIAL (MIXED USE)
      907 French St, Erie, PA 16501-1212
      View Details

    Similar Nearby for Sale

    • $640,000
      25,929 SF

      Erie Industrial Flex Space - $640K

      Prime Erie location, 25,929 SF flex space, two buildings.
      1040 12Th St, Erie, PA 16501
      View Details
    • Contact for pricing
      11,356 SF

      Mixed-Use Building For Sale

      11,356± SF mixed-use building available for purchase.
      217 W 11Th St, Erie, PA 16501
      View Details
    • $1,899,900
      15,948 SF

      Historic Erie Mixed-Use Property

      Revitalized mixed-use property in downtown Erie with income potential.
      502/506 State St, Erie, PA 16501
      View Details
    • $2,750,000
      13,200 SF

      Erie Multifamily Investment Opportunity

      Completely remodeled 18-unit building in downtown Erie.
      38 Park Row N, Erie, PA 16501
      View Details
    • Contact for pricing
      1,141 SF

      Downtown Office Space Available

      Highly visible office space in a multi-tenant building.
      1611 Peach St, Erie, PA 16501
      View Details
    • Contact for pricing
      1,179 SF

      Downtown Office with Ample Parking

      Highly visible downtown office building with parking and excellent views.
      1611 Peach St, Erie, PA 16501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,135 SF

      Mixed-Use Space in Downtown Erie

      8,135 SF mixed-use space in downtown Erie, PA.
      1700 Peach St, Erie, PA 16501
      View Details
    • $1,899,900
      15,948 SF

      Revitalized Mixed-Use Historic Building

      Downtown Erie mixed-use property with retail and residential/office potential.
      502/506 State St, Erie, PA 16501
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent, formerly a fast signs location.
      144 W 12Th St, Erie, PA 16501
      View Details
    • $12 SF/Yr
      5,836 SF

      Downtown Erie Office Suite

      Updated 5,836 SF office space for lease in Erie.
      818 State St, Erie, PA 16501
      View Details
    • Contact for pricing
      3,781 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy, anchored shopping center.
      A-2-2147 W 12Th St, Erie, PA 16501
      View Details

    Property Visit Statistics

    • Visits by month
      51.7k
    • Visitors by month
      27.3k
    • Avg Time on site
      14 min
    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.
    145 11th St
    Erie, PA 16501-1722
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    145 11th St, Erie, PA, 16501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!