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    Property profile & analytics

    1673 8th St Erie, PA 16505-5007

    • Investment properties
    • 3,847 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Last Sale
    Jan 29, 2021
    $250,000
    Location Intelligence
    Property ID
    US73-5756947
    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

    • Papa Advertising / Graphic Designer / Advertising Agency
    • FirstLink Research and Analytics / Research Foundation

    Property Details for 1673 8th St

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    3,847 SF
    Zone code
    RLB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    16-031-005.0-301.00
    APU
    16031005030100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $255,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $300,000
      Mixed-Use
      $295,000
      Hospitality
      $245,000
      Educational
      $275,000
      Residential Income
      $275,000
      Energy
      $260,000
      Income-Based Land
      $260,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.1212
    Latitude
    42.1135
    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
    $5,619
    $41,600
    $106,100
    $147,700
    -
    $41,600
    $106,100
    $147,700

    Comparable in this City

    • Value Estimation
      $115,000
      1,600 SF

      938 Powell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,600 SF
      938 Powell Ave, Erie, PA 16505-3439
      View Details
    • Value Estimation
      $215,000
      3,289 SF

      1913 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,289 SF
      1913 8th St, Erie, PA 16505-4936
      View Details
    • Value Estimation
      $230,000
      3,656 SF

      3603 12th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,656 SF
      3603 12th St, Erie, PA 16505-3552
      View Details
    • Value Estimation
      $290,000
      2,769 SF

      3445 12th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,769 SF
      3445 12th St, Erie, PA 16505-3652
      View Details
    • Value Estimation
      $290,000
      3,228 SF

      3674 Lk Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,228 SF
      3674 Lk Rd, Erie, PA 16505-3455
      View Details
    • Value Estimation
      $210,000
      1,960 SF

      1843 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,960 SF
      1843 8th St, Erie, PA 16505-4938
      View Details

    Similar Nearby for Sale

    • $195,000
      Pending

      Millcreek Mixed-Use Commercial Property

      Turnkey mixed-use property with commercial and residential potential.
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      Thriving business, updated, great equipment.
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      Commercial property with multiple income streams in Millcreek Township.
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      Mixed-use property with multiple rental units and expansion potential.
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    Similar Nearby for Lease

    • $625 /Mo
      450 SF

      Modern Retail/Office Space Available

      Modern 450 SF space for lease in Erie, PA.
      2230 West 8Th St, Erie, PA 16505
      View Details
    • $14 SF/Yr
      54,733 SF

      Peninsula Plaza Office Space

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      View Details
    • $15 SF/Yr
      7,304 SF

      Edgewood Place Office Suite

      Erie, PA Office Space for Lease
      3123 12Th St, Erie, PA 16505
      View Details
    • Contact for pricing
      1,950 SF

      Restaurant Space in Peninsula Plaza

      1,950 SF restaurant space for lease in Erie, PA.
      1109 Peninsula Dr, Erie, PA 16505
      View Details
    • $9 SF/Yr
      5,906 SF

      Erie Restaurant & Bar Opportunity

      Prime Erie location, 5,906 sq ft, lease/buy options
      3040 Lake Rd, Erie, PA 16505
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Erie, PA

      Retail space anchored by Giant Eagle in a prime location.
      2501 W 12Th St, Erie, PA 16505
      View Details
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    Erie, PA 16505-5007
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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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