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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Retail space
1920 Interchange Rd Erie, PA 16509-3448
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-0675883
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
FRAME
Total area
42,702 SF
Lot
5.53 ac (240,756 SF)
Zoning code
BB
APN
33-167-667.0-046.00
UPID
US73-0675883
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
$3.80M
Blend (final)
Blend
$3.83M
Owner & transaction history
Tru Trust 2016 LLC · 7 yrs held
Tru Trust 2016 LLC
since 2018
6 recorded transactions
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+0.3%
Restaurant
$3.5M
+0.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,505,000
Current use
OFFICE BUILDING
$3,515,000
Change: +0% · Conversion: Easy
RESTAURANT
$3,515,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,485,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,965,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±10%
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
$90 / 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
$81,562
Tax year 2023
Assessed value
$3,153,500
Assessed 2024
Previous assessed
$3,153,500
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$1,926,100
Assessed improvement
$1,227,400
Land market value
$1,926,100
Improvement market value
$1,227,400
Total market value
$3,153,500
Applied tax rate
33.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Stories
1
Total area
42,702 SF
Lot
5.53 ac (240,756 SF)
Zoning code
BB
APN
33-167-667.0-046.00
UPID
US73-0675883
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PA
Zoning BB · permitted uses
BB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1987
Construction
FRAME
Heating
NONE
Stories
1
Lot
5.53 ac
Current owner
From public records · entity-resolved
Tru Trust 2016 LLC
Trust
Free & Clear · 7 yrs held
Mailing address
2955 W 17TH ST, ERIE, PA 16505-3917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2018
—
Tru Trust 2016 LLC
Toys R Us Property Co II LLC
Grant Deed
related
—
Nov 8, 2016
—
Toys R Us Property Co II LLC
—
Deed
related
$512,000,000 · Goldman Sachs Mtg
Dec 22, 2009
$5,874,561
Toys R Us Property Co II LLC
Toys R Us-delaware INC
Deed Of Trust
$725,000,000 · Bank Of Ny Mellon
Dec 22, 2009
$587,456
Toys R Us-delaware INC
Mpo Properties LLC
Grant Deed
—
Aug 11, 2005
$7,119,000
Mpo Properties LLC
Toys R Us Penn INC
Limited Warranty Deed
—
—
—
Toys R Us Property Co II LLC
—
Deed Of Trust
related
$512,000,000 · Goldman Sachs Mtg
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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