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Property profile

1520 W 26Th St Erie, PA 16508

FOR LEASE
Grocery and convenience stores
Property ID
US73-0073023
77,900 SF 8.69 ac lot Built 1996
Last sale Nov 2016 · $11,000,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1520 W 26Th St, Erie, PA 16508 For Lease
$25 SF/Yr 5,000 SF available
1520 W 26Th St, Erie, PA 16508
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Property summary

AI-generated overview

TOPS Plaza Shopping Center is a retail shopping center located at 1520 West 26th Street in Erie, Pennsylvania. The property is configured for a net-leased tenant model, with the majority of leases structured so tenants reimburse for real estate taxes, insurance, and common area maintenance, along with management fees, and the center includes an anchor space operated by TOPS Friendly Market under a triple-net structure in which the tenant is responsible for the roof and structure. The shopping…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$393k
Tax billed · 2023
Assessed value · 2024$2.40M
Assessed land$1.00M
Assessed improvement$1.40M
Effective rate16.37%

Value estimate

· Oct 2026
$6.18M
$5.56M – $6.80M
Submarket $/SF estimate$5.39M
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$9k
Operating expenses−$24k
NOI · 225,540.00% cap applied$56k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$37 – $123

Cap rate analysis

How does the asset earn?
225,540.00%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency42.0
Law Firm34.7
Dental Office28.6

Location

1520 W 26Th St Erie, PA 16508
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1355 26th, Erie, PA 16508-1401 $365,000 Nov 2024 13,792 SF
425 31st, Erie, PA 16508-1740 $169,000 Nov 2022 23,240 SF
335 Metz, Erie, PA 16508-2723 $165,000 Oct 2022 5,304 SF
2176 32nd, Erie, PA 16508-1952 $850,000 Feb 2022 4,690 SF
163 26th, Erie, PA 16508-1803 $2,406,176 Jun 2021 11,301 SF
3727 Peach, Erie, PA 16508-2620 $2,426,488 Mar 2021 13,620 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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