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Property profile & analytics
OFF-MARKET
Bowling alleys
1583 38th St, Erie, PA 16508-2349
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2162667
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1957
Construction
WOOD
Total area
19,260 SF
Lot
1.1 ac (48,047 SF)
Zoning code
C1
APN
19-061-067.0-303.00
UPID
US73-2162667
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
-
Greengarden Lanes Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark A Wattle · 9 yrs held
Mark A Wattle
since 2017
5 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,899
Tax year 2023
Assessed value
$470,500
Assessed 2024
Previous assessed
$470,500
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$180,200
Assessed improvement
$290,300
Land market value
$180,200
Improvement market value
$290,300
Total market value
$470,500
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Total area
19,260 SF
Lot
1.1 ac (48,047 SF)
Zoning code
C1
APN
19-061-067.0-303.00
UPID
US73-2162667
Jurisdiction
ERIE
Zoning & alternative use
C1 · Erie, PA
Zoning C1 · permitted uses
C1 · 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
1957
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Mark A Wattle
Individual
Mailing address
1583 W 38TH ST, ERIE, PA 16508-2349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
—
Mark A Wattle
—
Deed
related
$185,000 · Erie Bank
Feb 13, 2017
$286,500
Mark A Wattle
Sitter,william L & Patricia L
Warranty Deed
related
$356,500 · Eriebank
Dec 6, 2011
$170,000
Mark A Wattle
Sitter John J
Grant Deed
—
Jun 5, 2001
$27,666
William L Sitter
Robert L Sitter Estate
Quit Claim Deed
related
—
—
—
Mark A Wattle
—
Deed Of Trust
related
$190,000 · Pnc 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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