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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Truck terminals
1554 12th St Erie, PA 16511-1750
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2071547
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1961
Construction
WOOD
Total area
7,600 SF
Lot
3.09 ac (134,513 SF)
Zoning code
M1
APN
15-021-013.0-100.00
UPID
US73-2071547
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
-
Old Dominion Freight Line Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Grp Erie LLC · 3 yrs held
Grp Erie LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
M1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,835,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Aug 16 2022)
Last sale anchor
$1.65M
Aug 16 2022
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
$218 / 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
$16,229
Tax year 2023
Assessed value
$426,600
Assessed 2024
Previous assessed
$426,600
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$144,400
Assessed improvement
$282,200
Land market value
$144,400
Improvement market value
$282,200
Total market value
$426,600
Applied tax rate
15.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Stories
3
Total area
7,600 SF
Lot
3.09 ac (134,513 SF)
Zoning code
M1
APN
15-021-013.0-100.00
UPID
US73-2071547
Jurisdiction
ERIE
Zoning & alternative use
M1 · Erie, PA
Zoning M1 · permitted uses
M1 · 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.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
NONE
Stories
3
Lot
3.09 ac
Current owner
From public records · entity-resolved
Grp Erie LLC
Entity
Mailing address
1212 YORK RD STE C300, LUTHERVILLE TIMONIUM, MD 21093-6274
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
—
Grp Erie LLC
—
Deed
related
$1,072,500 · Shore United Bank NA
Aug 16, 2022
$1,650,000
Grp Erie LLC
1554 East 12th Street Pa LLC
Warranty Deed
—
Dec 29, 2021
$1,106,116
1554 East 12th Street Pa LLC
Transportation Investment Group LP
Warranty Deed
$880,000 · Townebank
Feb 15, 2017
—
Transportation Inv Group LP
Transportation Inv Group LP
Quit Claim Deed
related
—
Sep 15, 2014
—
Transportation Inv Group LP
—
Grant Deed
related
$11,443,914 · Wells Fargo Bk
May 30, 2007
—
Transportation Inv Group
Transportation Inv Group
Quit Claim Deed
related
—
Jul 9, 2002
—
Transportation Inv Group
Greater Erie Industrial Dev Co
Grant Deed
$6,128,000 · First National Bank Pa
—
—
Transportation Investment Corp
—
Deed Of Trust
related
$250,000 · First National Bank Pa
—
—
Transportation Inv Group LP
—
Deed Of Trust
related
$1,000,000 · First Niagara 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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