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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Hotels
2082 Interchange Rd 84 Erie, PA 16565-5108
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-1737940
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Total area
48,645 SF
Lot
3.3 ac (143,661 SF)
APN
33-142-667.0-047.02
UPID
US73-1737940
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
-
Bayfront Convention Center Hotel & Motel
-
Fairfield Inn Erie Millcreek Mall Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.39M
Owner & transaction history
Pa-eastway INC · 9 yrs held
Pa-eastway INC
since 2017
6 recorded transactions
Zoning & alternative use
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 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
$1,185,000
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,595,000
7%
$1,480,000
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$29 / 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
$235,596
Tax year 2023
Assessed value
$9,109,000
Assessed 2024
Previous assessed
$9,109,000
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$1,123,400
Assessed improvement
$7,985,600
Land market value
$1,123,400
Improvement market value
$7,985,600
Total market value
$9,109,000
Applied tax rate
33.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
2
Stories
5
Total area
48,645 SF
Lot
3.3 ac (143,661 SF)
APN
33-142-667.0-047.02
UPID
US73-1737940
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
5
Buildings
2
Lot
3.3 ac
Current owner
From public records · entity-resolved
Pa-eastway INC
Entity
Mailing address
PO BOX 586, ANNANDALE, NJ 08801-0586
Ownership since
2017
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
Dec 6, 2023
—
W200s Fargo Hotels Pool C Realty LP
—
Deed
related
$794,000,000 · Morgan Stanley Mortgage Capital Holdings
Nov 17, 2017
—
W2005/fargo Hotels Pool C Re
—
Deed
related
$960,000 · Jp Morgan Chase Bk
Apr 18, 2017
—
Pa-eastway INC
Pa-eastway INC
Quit Claim Deed
related
—
Jun 12, 2013
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$775,000,000 · German American Capital Corp
May 24, 2006
—
Fargo Hotels Pool C Real W2005
—
Deed Of Trust
related
$671,778,015 · Barclays Capital R E INC
—
—
W2005/fargo Hotels Pool C Re
—
Deed Of Trust
related
$960,000 · Jp Morgan Chase Bk
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.
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