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    Property profile & analytics

    2007 38th St Erie, PA 16510-3606

    • Turn key restaurants
    • 2,571 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Dec 28, 2020
    $425,000
    Location Intelligence
    Property ID
    US73-2781829
    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

    • Taco Bell / Vegetarian Restaurant / Fast Food Restaurant

    Property Details for 2007 38th St

    Year built
    2021
    Construction
    FRAME
    Lot size
    0.69 lot acres
    Property size
    2,571 SF
    Zone code
    R1
    Property type
    Turn key restaurants
    APN
    18-052-037.0-210.00
    APU
    18052037021000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $340,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $370,000
      Mixed-Use
      $325,000
      Hospitality
      $310,000
      Educational
      $320,000
      Residential Income
      $360,000
      Energy
      $400,000
      Income-Based Land
      $315,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0236
    Latitude
    42.1177
    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
    $5,883
    $110,400
    $0.00
    $110,400
    -
    $110,400
    $443,800
    $554,200

    Comparable in this City

    • Value Estimation by Request
      5,345 SF

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    • Value Estimation by Request
      5,561 SF

      4444 Buffalo Rd

      RESTAURANT • 5,561 SF
      4444 Buffalo Rd, Erie, PA 16510-2203
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    • Value Estimation by Request
      2,214 SF

      4200 Buffalo Rd

      RESTAURANT • 2,214 SF
      4200 Buffalo Rd, Erie, PA 16510
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    • Value Estimation by Request
      19,560 SF

      6008 Knowledge Pkwy

      RESTAURANT • 19,560 SF
      6008 Knowledge Pkwy, Erie, PA 16510-4676
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    • Value Estimation
      $250,000
      684 SF

      3853 Knoyle Rd

      RESTAURANT • 684 SF
      3853 Knoyle Rd, Erie, PA 16510-4924
      View Details
    • Value Estimation
      $300,000
      2,304 SF

      4165 Buffalo Rd

      RESTAURANT • 2,304 SF
      4165 Buffalo Rd, Erie, PA 16510-2109
      View Details

    Similar Nearby for Sale

    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant for sale.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • $1,500,000
      Pending

      Turnkey Golf Course and Restaurant

      182+ acre golf course and restaurant with lake views.
      3730 Harbor Ridge Trl, Erie, PA 16510
      View Details
    • $899,900
      17,200 SF

      Turnkey Erie Entertainment Destination

      Fully operational bowling alley, bar, and restaurant in Erie, PA.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • Contact for pricing
      77,000 SF

      Erie Retail Property For Sale

      77,000 square foot retail property in Erie, Pennsylvania.
      1702 E 38Th St, Erie, PA 16510
      View Details
    • $80,000
      1,200 SF

      Erie Retail Opportunity For Sale

      High-traffic Erie retail space with flexible zoning and ample parking.
      1825 Buffalo Rd, Erie, PA 16510
      View Details
    • $1,173,000
      18.05 Acres

      Erie, PA Commercial Land

      18 Acres, I-90 Access, High Traffic
      0 Kuhl Rd, Erie, PA 16510
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    Similar Nearby for Lease

    • Contact for pricing
      5,478 SF

      Erie Retail Space Available

      Retail or office space with strong visibility and ample parking.
      1523 E 38Th St, Erie, PA 16510
      View Details
    • Contact for pricing

      Prime Erie County Commercial Land

      High-traffic location, build-to-suit available.
      4655 Buffalo Rd, Erie, PA 16510
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    • Contact for pricing
      8,556 SF

      Erie Retail Strip Center Opportunity

      High-Visibility Retail Space Available in Erie, PA
      1509 38Th St, Erie, PA 16510
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    • $1,100 /Mo
      1,500 SF

      Erie Retail/Office Space Available

      1,500 SF retail/office space with open layout and parking.
      3523 Buffalo Rd, Erie, PA 16510
      View Details
    • $6 SF/Yr
      4,250 SF

      Warehouse Space for Lease in Buffalo

      4,250 sq ft warehouse, ideal distribution.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    • $6 SF/Yr
      4,250 SF

      Erie Warehouse/Distribution Space Available

      Warehouse/distribution space with truck dock and overhead door in Erie, PA.
      2814 Buffalo Rd, Erie, PA 16510
      View Details

    Property Visit Statistics

    • Visits by month
      13.2k
    • Visitors by month
      9.3k
    • Avg Time on site
      15 min
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    2007 38th St
    Erie, PA 16510-3606
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    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
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