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Property profile & analytics
OFF-MARKET
Estimated value
$7,445,000
Theaters & concert halls
1910 Rotunda Dr Erie, PA 16509-7716
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1068913
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1996
Construction
FRAME
Total area
73,078 SF
Lot
13.8 ac (601,302 SF)
Zoning code
B1
APN
40-005-019.0-107.00
UPID
US73-1068913
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
-
Cinemark Tinseltown Erie Cinema Theater & Performing Art Venue
-
Tinseltown USA Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.45M
Owner & transaction history
B33 Peach Street Theatre II LLC · 4 yrs held
B33 Peach Street Theatre II LLC
since 2021
Last sale
$8.8M
5 recorded transactions
Zoning & alternative use
B1 · 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
Method
Estimation
Statistic approach
$7,445,000
ML approach
$9,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,120,000
Change: 0% · Conversion: Difficult
RESTAURANT
$6,485,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,340,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,270,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.45M
Range $6.70M – $8.19M · ±10% · vs last sale $8.75M (Oct 8 2021)
Last sale anchor
$8.75M
Oct 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
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
$197,955
Tax year 2023
Assessed value
$9,952,500
Assessed 2024
Previous assessed
$9,952,500
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$2,318,300
Assessed improvement
$7,634,200
Land market value
$2,318,300
Improvement market value
$7,634,200
Total market value
$9,952,500
Applied tax rate
40.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
NONE
Stories
1
Total area
73,078 SF
Lot
13.8 ac (601,302 SF)
Zoning code
B1
APN
40-005-019.0-107.00
UPID
US73-1068913
Jurisdiction
ERIE
Zoning & alternative use
B1 · Erie, PAZoning B1 · permitted uses
B1 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$9.1M
RESTAURANT
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$5.3M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
NONE
Stories
1
Lot
13.8 ac
Current owner
From public records · entity-resolved
B33 Peach Street Theatre II LLC
Entity
Mailing address
9330 W SAHARA AVE STE #270, LAS VEGAS, NV 89117-8828
Ownership since
2021
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
Oct 8, 2021
$8,753,579
B33 Peach Street Theatre II LLC
Rvt Peach Street Square LLC
Special Warranty Deed
—
Mar 18, 2019
—
Rvt Peach Street Square I LLC
—
Grant Deed
related
$900,000,000 · Jp Morgan Chase Bk
Jul 5, 2018
—
Rvt Peach Street Square I LLC
—
Loan Modification
related
$1,350,000,000 · Wilmington Tr N #2018-rvp (ce)
Feb 21, 2018
—
Rvt Peach Street Square I LLC
—
Grant Deed
related
$1,350,000,000 · Column Fin'l
Feb 16, 2018
$38,770,059
Rvt Peach Street Square I LLC
Ddr Corp
Grant Deed
—
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.
Try Rey
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