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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Hotels
16 10th St Erie, PA 16501-1402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-5954421
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1976
Total area
140,395 SF
Lot
1.31 ac (57,281 SF)
Zoning code
C3
APN
16-030-005.0-100.00
UPID
US73-5954421
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
-
Avalon Hotel & Conference Center Hotel & Motel
-
FedEx Drop Box Postal Service Courier Service
-
Coin Cloud Bitcoin ATM Atm Currency Exchange Service
-
Security Breach IT Consulting Firm Tech Support Center
-
Billie's Jazz Club Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.89M
Owner & transaction history
Cfc Erie I LLC · 2 yrs held
Cfc Erie I LLC
since 2024
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
C3 · 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
$2,885,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $2.89M (Apr 9 2024)
Last sale anchor
$2.89M
Apr 9 2024
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
$21 / 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
$68,477
Tax year 2023
Assessed value
$1,800,000
Assessed 2024
Previous assessed
$1,800,000
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$458,100
Assessed improvement
$1,341,900
Land market value
$458,100
Improvement market value
$1,341,900
Total market value
$1,800,000
Applied tax rate
16.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1976
Heating
NONE
Stories
14
Total area
140,395 SF
Lot
1.31 ac (57,281 SF)
Zoning code
C3
APN
16-030-005.0-100.00
UPID
US73-5954421
Jurisdiction
ERIE
Zoning & alternative use
C3 · Erie, PAZoning C3 · permitted uses
C3 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
14
Lot
1.31 ac
Current owner
From public records · entity-resolved
Cfc Erie I LLC
Entity
Mailing address
300 STATE ST STE #300, ERIE, PA 16507-1430
Ownership since
2024
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
Apr 9, 2024
$2,885,000
Cfc Erie I LLC
15 W 10th Street Owner LLC
Special Warranty Deed
$37,645,000 · Wilmington Trust NA
Apr 5, 2024
—
15 W 10th Street Owner LLC
Errie LLC
Special Warranty Deed
—
Oct 23, 2017
—
Errie LLC
—
Grant Deed
related
$2,900,000 · First St Bk
Sep 20, 2010
$1,800,000
Errie LLC
Mantiff Erie Hospitality LLC
Grant Deed
—
Oct 31, 2006
$4,731,454
Mantiff Erie Hospitality LLC
Avalon Hotel Partners
Special Warranty Deed
$4,000,000 · Fidelity Bank Of Florida NA
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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