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Financial
Distress signals
Property profile

1618 E 38Th St Erie, PA 16510

FOR SALE
Auto shops
Property ID
US73-0116076
1,176 SF 0.4 ac lot Built 1988
Last sale Apr 2011 · $225,000
Individually Owned Owner of record is an individual. 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

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?
$7k
Tax billed · 2023
Assessed value · 2024$192k
Assessed land$70k
Assessed improvement$122k
Effective rate3.80%

Value estimate

· Oct 2026
$255k
$230k – $281k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 5.20% cap applied$13k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$31 – $102

Cap rate analysis

How does the asset earn?
5.20%
$13k 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?
R1
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 agency41.1
Law Firm37.1
Dental Office26.7

Location

1618 E 38Th St Erie, PA 16510
County assessor Recorded deeds · 7 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

5 recorded sales · 16 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2723 Buffalo, Erie, PA 16510-1701 $127,500 Jan 2025 1,240 SF
3438 Sta, Erie, PA 16510-6508 $160,000 Oct 2024 3,544 SF
1921 Buffalo, Erie, PA 16510-1213 $140,000 Apr 2024 4,300 SF
3322 Sta, Erie, PA 16510-6506 $108,800 Jun 2021 2,702 SF
4844 Buffalo, Erie, PA 16510-2302 $372,000 Nov 2019 4,224 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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