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    Property profile & analytics

    1648 8th St Erie, PA 16505-5032

    • Investment properties
    • 3,166 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US73-1859330
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Reskhued Piece / Painting / Kitchen Remodeler

    Property Details for 1648 8th St

    Year built
    1873
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    3,166 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17-041-014.0-229.00
    APU
    17041014022900

    Description

    This exceptional 870-square-foot commercial space, located at 1648 W 8th Street Unit A in Erie, Pennsylvania, presents a fantastic leasing opportunity. Boasting a prime location across from Shriner's Hospital and near Harding Elementary School, this property benefits from high visibility due to its frontage on a busy street. The unit features an abundance of natural light thanks to its numerous large windows. High ceilings add to the spacious feel, and two convenient front entrances provide excellent accessibility. Parking is easily managed with one designated off-street parking spot included. Inside, you'll find two private restrooms for added convenience. Climate control is handled efficiently by two mini-split wall units providing both heating and air conditioning. The monthly rent is $1200. The property sits on a 0.2-acre lot. Tenants are responsible for electricity, gas, internet, and snow removal. A 3-year lease is required. This versatile space is ideal for a variety of businesses seeking a well-located and attractive commercial space. Don't miss this chance to establish your business in a thriving Erie neighborhood. Inquire today to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $335,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $325,000
      Mixed-Use
      $305,000
      Hospitality
      $370,000
      Educational
      $350,000
      Residential Income
      $355,000
      Energy
      $315,000
      Income-Based Land
      $385,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1214
    Latitude
    42.114
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,994
    $35,000
    $70,000
    $105,000
    -
    $35,000
    $70,000
    $105,000

    Comparable in this City

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      Hardscrabble Blvd

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    • Value Estimation
      $220,000
      6,048 SF

      2807 9th W 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,048 SF
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      View Details

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    1648 8th St
    Erie, PA 16505-5032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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