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Property profile & analytics
OFF-MARKET Estimated value $580,000
Medical Office Space

2010 38th St Erie, PA 16508-2004

11,388 SF 0.84 ac lot Built 1983
Individually Owned 26-yr Hold Absentee Owner Free & Clear
Property ID
US73-2436050
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction FRAME
Total area 11,388 SF
Lot 0.84 ac (36,704 SF)
Zoning code RLB
APN 19-061-061.0-100.00
UPID US73-2436050
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
  • William H. Wismer, D.O. Physician
  • Karl J. Falk, D.O. Physician
  • Brian Viviano Physician
  • Millcreek Professional Building: Schwartz Craig I DO Physician
  • John M. Ferretti, D.O. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
$808k
Blend (final) Blend
$580k
Owner & transaction history
Lake Erie College Of Ostepathi · 26 yrs held
Lake Erie College Of Ostepathi
since 1999
1 recorded transaction
1999
$650,000
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to commercial or manufacturing districts. 202.3. Commercial districts. Districts designated for commercial use are more restrictive in outlying residential…

Zone name Residential Limited Business
General category INDUSTRIAL
Zone area 792.40 ac
Top alternative use upside
Retail stores $830,000 +15.7%
Commercial (general) $765,000 +6.5%
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