Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    16th E Dr Erie, PA 16511

    • Parking lots & garages
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US73-3235045
    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

    • Parking lots & garages

    Property Details for 16th E Dr

    Lot size
    0.38 lot acres
    Zone code
    R3
    Property type
    Parking lots & garages
    APN
    15-020-015.0-202.00
    APU
    15020015020200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0731
    Latitude
    42.122
    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
    $571
    $10,500
    $4,500
    $15,000
    -
    $10,500
    $4,500
    $15,000

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      12 12th Ww

      PARKING LOT • 0.22 Acres
      12 12th Ww, Erie, PA 16511
      View Details
    • Value Estimation by Request
      0.14 Acres

      6th E Dr

      PARKING LOT • 0.14 Acres
      6th E Dr, Erie, PA 16511
      View Details
    • Value Estimation by Request
      0.05 Acres

      8th E Dr

      PARKING LOT • 0.05 Acres
      8th E Dr, Erie, PA 16511
      View Details
    • Value Estimation by Request
      0.21 Acres

      Iroquois Ave

      PARKING LOT • 0.21 Acres
      Iroquois Ave, Erie, PA 16511
      View Details
    • Value Estimation by Request
      0.26 Acres

      17th W

      PARKING LOT • 0.26 Acres
      17th W, Erie, PA 16511
      View Details
    • Value Estimation by Request
      0.15 Acres

      18 18th Ww

      PARKING LOT • 0.15 Acres
      18 18th Ww, Erie, PA 16511
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,130 SF

      Lawrence Park Gas Station/Store

      Unbranded gas station and convenience store in Lawrence Park, PA.
      4302 Main St, Erie, PA 16511
      View Details
    • $1,500,000
      4,130 SF

      Lawrence Park Commercial Opportunity

      Unbranded gas station and convenience store in Lawrence Park, Pennsylvania.
      4302 Main St, Erie, PA 16511
      View Details
    • $545,000
      5,928 SF

      Erie Commercial Property with Apartments

      Turn-key business with apartments and liquor license in high-traffic area.
      3922-24 Main St, Erie, PA 16511
      View Details
    • $330,000
      3,061 SF

      Turn-Key Restaurant Opportunity in Erie

      Established restaurant with apartment near Presque Isle State Park.
      3725 W Lake Rd, Erie, PA 16511
      View Details
    • $77,900
      0.38 Acres

      Erie, PA Land For Sale

      Land available in Harborcreek's newest single-family home subdivision.
      4648 Elsie St, Erie, PA 16511
      View Details
    • $895,000
      Pending

      Versatile Commercial Property in Erie, PA

      16.82-acre commercial property with sports facility and redevelopment potential.
      4814 Iroquois Ave, Erie, PA 16511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16th E Dr
    Erie, PA 16511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.