New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Medical Office Space
2060 Pearl St, North East, PA 16428-1926
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-1346537
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
FRAME
Total area
17,609 SF
Lot
2.88 ac (125,279 SF)
Zoning code
R2
APN
37-005-053.0-002.00
UPID
US73-1346537
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
-
Imaging Services at UPMC Hamot - Vineyard Primary Care Medical Clinic
-
Associated Clinical Laboratories ACL North East PSC Medical Laboratory Diagnostic Center
-
Caitlin N. Durr, MD Physician
-
Michael J. Miller, DO Physician
-
Vineyard Primary Care Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.21M
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.24M
Owner & transaction history
Mellon Heritage Foundation INC · 2 yrs held
Mellon Heritage Foundation INC
since 2023
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
R2 · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$3,355,000
ML approach
$3,205,000
CAP Approach
CAP Return
Estimation
6%
$3,615,000
6.5%
$3,335,000
7%
$3,100,000
Blend value · Realmo final
$3.24M
Range $2.91M – $3.56M · ±10% · vs last sale $3.13M (Dec 21 2023)
Last sale anchor
$3.13M
Dec 21 2023
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
$184 / 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
$38,865
Tax year 2023
Assessed value
$1,723,200
Assessed 2024
Previous assessed
$1,723,200
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$65,000
Assessed improvement
$1,658,200
Land market value
$65,000
Improvement market value
$1,658,200
Total market value
$1,723,200
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
NONE
Stories
1
Total area
17,609 SF
Lot
2.88 ac (125,279 SF)
Zoning code
R2
APN
37-005-053.0-002.00
UPID
US73-1346537
Jurisdiction
ERIE
Zoning & alternative use
R2 · North East, PA
Zoning R2 · permitted uses
R2 · North East, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
NONE
Stories
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Mellon Heritage Foundation INC
Entity
Free & Clear · 2 yrs held
Mailing address
116 EDGEMERE WAY S, NAPLES, FL 34105-7107
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$3,133,000
Mellon Heritage Foundation INC
North East Campus LLC
Deed
—
Jan 26, 2018
—
Mercyhurst University
—
Grant Deed
related
$31,435,000 · Umb Bk
Jul 7, 2017
—
Mercyhurst University
—
Grant Deed
related
$31,435,000 · Umb Bk
Dec 7, 2007
—
Regional Health Services INC
—
Deed Of Trust
related
$2,600,000 · Pnc Bank
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
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 2060 Pearl 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
