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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1520 West 26Th St Erie, PA 16508
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0073023
For Lease
1 / 7
$6,180,000
1520 West 26Th St, Erie, PA 16508
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Construction
WOOD
Total area
77,900 SF
Lot
8.69 ac (378,624 SF)
Zoning code
C2
APN
19-062-049.0-100.00
UPID
US73-0073023
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
-
TOPS Gas Station Gas Station
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
Crunch Fitness - Erie Gym & Fitness Center
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$6.18M
Owner & transaction history
Commonwealth Of Pennsylvania · 3 yrs held
Commonwealth Of Pennsylvania
since 2022
7 recorded transactions
Zoning & alternative use
C2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.4M
+0.3%
Restaurant
$6.4M
+0.3%
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
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
$6,390,000
Current use
OFFICE BUILDING
$6,410,000
Change: +0% · Conversion: Easy
RESTAURANT
$6,410,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,360,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,410,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±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
$79 / 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
$392,526
Tax year 2023
Assessed value
$2,397,800
Assessed 2024
Previous assessed
$10,318,000
-76.8% YoY
Effective rate
16.37%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$1,397,800
Land market value
$1,000,000
Improvement market value
$1,397,800
Total market value
$2,397,800
Applied tax rate
19.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1996
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
77,900 SF
Lot
8.69 ac (378,624 SF)
Zoning code
C2
APN
19-062-049.0-100.00
UPID
US73-0073023
Jurisdiction
ERIE
Zoning & alternative use
C2 · Erie, PA
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.4M
RESTAURANT
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
8.69 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pennsylvania
Individual
Mailing address
1024 MARKET STINC, PHILADELPHIA, PA 19107-4211
Ownership since
2022
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
Nov 27, 2024
—
Dollar Tree Stores INC
—
Deed
related
—
Oct 30, 2024
—
1024 Market Street INC
—
Deed
related
$9,500,000 · Vintage Investment Group LLC
Dec 13, 2022
—
Commonwealth Of Pennsylvania
1024 Market Street INC
Quit Claim Deed
related
—
Mar 24, 2017
—
1024 Market Street INC
1024 Market Street INC
Quit Claim Deed
related
$8,250,000 · Wells Fargo Bank NA
Nov 8, 2016
$11,000,000
1024 Market Street INC
Lb-ubs 2007-c6-erie Stn LLC
Grant Deed
—
Feb 19, 2015
—
Lb-ubs 2007-c6 Erie Stn LLC
Erie Station INC
Deed In Lieu Of Foreclosure
related
—
Jul 19, 2007
—
Erie Station INC
—
Deed Of Trust
related
$15,225,000 · Lehman Capital Corp
Jul 2, 2007
$15,977,069
Erie Station INC
Benderson-erie Associates LLC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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