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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1901 Fall Dr, Lake City, PA 16423-1400
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-4192858
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2014
Construction
WOOD
Total area
3,480 SF
Lot
0.54 ac (23,553 SF)
Zoning code
RA
APN
28-011-018.0-036.00
UPID
US73-4192858
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
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
Ricky L Rash · 12 yrs held
Ricky L Rash
since 2014
7 recorded transactions
Zoning & alternative use
RA · Lake City, 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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$4,837
Tax year 2023
Assessed value
$165,100
Assessed 2024
Previous assessed
$165,100
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$35,300
Assessed improvement
$129,800
Land market value
$35,300
Improvement market value
$129,800
Total market value
$165,100
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Stories
3
Total area
3,480 SF
Lot
0.54 ac (23,553 SF)
Zoning code
RA
APN
28-011-018.0-036.00
UPID
US73-4192858
Jurisdiction
ERIE
Zoning & alternative use
RA · Lake City, PA
Zoning RA · permitted uses
RA · Lake City, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Ricky L Rash
Individual
Mailing address
10647 S EDGEWOOD DR, LAKE CITY, PA 16423-1749
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Ricky L Rash
—
Deed
related
$150,000 · Northwest Bk
May 8, 2014
—
Ricky L Rash
Ricky L Rash
Intrafamily Transfer
related
$243,750 · Northwest Savings Bank
Apr 6, 2006
—
Ricky L Rash
Rash,ricky L & Marian
Quit Claim Deed
related
—
Sep 5, 2001
$395,000
Ricky L Rash
Walter,james E & Virginia
Grant Deed
$255,000 · Northwest Savings Bank
—
—
Ricky L Rash
—
Deed Of Trust
related
$172,500 · Northwest Savings Bank
—
—
Ricky L Rash
—
Deed Of Trust
related
$137,000 · Northwest Savings Bank
—
—
Ricky L Rash
—
Deed Of Trust
related
$150,000 · Northwest Bk
—
—
Ricky L Rash
—
Deed Of Trust
related
$150,000 · Northwest Bk
—
—
Ricky L Rash
—
Deed Of Trust
related
$150,000 · Northwest Bk
—
—
Ricky L Rash
—
Deed Of Trust
related
$150,000 · Northwest Bk
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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