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Property profile & analytics
OFF-MARKET
Investment properties
17 Merline Ave Erie, PA 16509-1567
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-2919879
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Construction
WOOD
Total area
2,255 SF
Lot
0.32 ac (14,000 SF)
Zoning code
R1
APN
18-053-002.0-300.00
UPID
US73-2919879
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
-
Alyssa Beer Foster Care Service Social Service Agency
-
Let's Conquer This, LLC Foster Care Service Social Service Agency
-
Merline Family Medicine: Bojewski Roman DO Pediatrician Physician
-
Merline Family Medicine Medical Clinic
-
Brianne Orloff Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kicking Assets Therapy Holding · 7 yrs held
Kicking Assets Therapy Holding
since 2019
5 recorded transactions
Zoning & alternative use
R1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,855
Tax year 2023
Assessed value
$180,200
Assessed 2024
Previous assessed
$180,200
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$32,400
Assessed improvement
$147,800
Land market value
$32,400
Improvement market value
$147,800
Total market value
$180,200
Applied tax rate
18.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,255 SF
Lot
0.32 ac (14,000 SF)
Zoning code
R1
APN
18-053-002.0-300.00
UPID
US73-2919879
Jurisdiction
ERIE
Zoning & alternative use
R1 · Erie, PA
Zoning R1 · permitted uses
R1 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kicking Assets Therapy Holding
Entity
Mailing address
17 MERLINE AVE, ERIE, PA 16509-1567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 10, 2022
—
Kicking Assets Therapy Holding Camp
—
Deed
related
$190,300 · First National Bank Of Pennsylvania
May 28, 2019
$200,000
Kicking Assets Therapy Holding
Bojewski,roman & Colieen M
Warranty Deed
related
$200,000 · Other Institutional Lenders
Oct 13, 2017
—
Roman Bojewski
Bojewski,roman & Colleen M
Quit Claim Deed
related
—
Sep 23, 2004
—
Colleen M Bojewski
Bojewski,roman E & Colleen M
Quit Claim Deed
related
—
Mar 4, 1999
$6,500,000
Roman E Bojewski
Pearson,ronald W
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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