Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

2007 38th St Erie, PA 16510

OFF-MARKET
Turn key restaurants
Property ID
US73-2781829
2,571 SF 0.69 ac lot Built 2021
Last sale Dec 2020 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A free-standing quick-service restaurant property historically operated as a Pizza Hut, configured for a net (NNN) lease structure. The property was offered with a sale-leaseback arrangement featuring a 10-year primary lease term and three renewal options of five years each, for potential total lease terms extending through multiple additional 5-year periods. The lease arrangement is described as a multi-unit operator structure under the stated terms, with the building designed to support…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$110k
Assessed land$110k
Effective rate5.33%

Value estimate

· Oct 2026
$400k
$360k – $440k
AI approach$410k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$47 – $132

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R1
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.5
Law Firm24.7
Dental Office17.4

Location

2007 38th St Erie, PA 16510-3606
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2105 Buffalo, Erie, PA 16510-1321 $67,000 Sep 2024 2,050 SF
2920 Buffalo, Erie, PA 16510-1706 $84,000 Dec 2023 2,250 SF
2503 Sta, Erie, PA 16510-1951 $210,000 Mar 2023 2,960 SF
1915 38th, Erie, PA 16510-3573 $260,000 Nov 2022 2,794 SF
5440 Buffalo, Erie, PA 16510-2314 $275,000 Jan 2022 2,160 SF
5001 Buffalo, Erie, PA 16510-2305 $40,000 Dec 2021 2,048 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2007 38th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again