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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
1462 Lk St Lake City, PA 16423-1809
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-0347832
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
FRAME
Total area
10,000 SF
Lot
1.54 ac (67,300 SF)
Zoning code
C2
APN
28-004-005.0-011.00
UPID
US73-0347832
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
-
Western Union Bank Credit Union
-
Dollar General Discount Store
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$585k
Owner & transaction history
John G Baldwin · 10 yrs held
John G Baldwin
since 2015
7 recorded transactions
Zoning & alternative use
C2 · Lake City, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$880,000
+23.0%
Office building
$760,000
+6.1%
Restaurant
$735,000
+2.4%
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
RETAIL STORES
$715,000
Current use
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: +6% · Conversion: Easy
RESTAURANT
$735,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$59 / 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
$12,277
Tax year 2023
Assessed value
$419,000
Assessed 2024
Previous assessed
$419,000
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$80,800
Assessed improvement
$338,200
Land market value
$80,800
Improvement market value
$338,200
Total market value
$419,000
Applied tax rate
28.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
NONE
Stories
1
Total area
10,000 SF
Lot
1.54 ac (67,300 SF)
Zoning code
C2
APN
28-004-005.0-011.00
UPID
US73-0347832
Jurisdiction
ERIE
Zoning & alternative use
C2 · Lake City, PA
Zoning C2 · permitted uses
C2 · Lake City, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
OFFICE BUILDING
Est. value
$760,000
RESTAURANT
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
1968
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
John G Baldwin
Individual
Mailing address
PO BOX 472, SCHUYLKILL HAVEN, PA 17972-0472
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
Mbc Development LP
—
Deed
related
$460,000 · Mid Penn Bank
Aug 25, 2015
$160,000
John G Baldwin
Edwards,john C & Karla R
Warranty Deed
—
Aug 25, 2015
$220,000
Mbc Dev LP
Baldwin,john G
Warranty Deed
—
Aug 25, 2015
—
John C Edwards
Miller Worldwide Ministries In
Deed In Lieu Of Foreclosure
related
—
Jun 5, 2009
$175,000
Worldwide Ministries In Miller
Edwards,john C & Karla R
Grant Deed
$175,000 · John C & Karla R Edwards
Feb 24, 2004
—
John C Edwards
Edwards,john C & Karla R
Quit Claim Deed
related
—
—
—
John C Edwards
—
Deed Of Trust
related
$100,000 · Mellon Bank
—
—
Mbc Dev LP
—
Deed Of Trust
related
$750,000 · First Nat'l Bk/pa
—
—
John C Edwards
—
Deed Of Trust
related
$151,000 · Northwest Savings Bank
—
—
John C Edwards
—
Deed Of Trust
related
$150,000 · Northwest Savings Bank
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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