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

2142 E Lake Rd Erie, PA 16511

FOR SALE
Retail space
Property ID
US73-2960647
4,480 SF 0.15 ac lot Built 1948
Last sale Apr 2000 · $108,000
Individually Owned Owner of record is an individual. 24-yr Hold Held for 24 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
2142 E Lake Rd, Erie, PA 16511 For Sale
$419,900 4,480 SF
2142 E Lake Rd, Erie, PA 16511
View Listing

Property summary

AI-generated overview

This retail property is configured as a two-level building designed for operations and inventory, with a larger upper level that includes a showroom area and a dedicated parts area for display and related use. The lower level is a substantial open work/storage space and features an overhead door opening that provides direct access to an exterior fenced yard, supporting back-of-house storage or other service-oriented functions. The building is positioned along a high-traffic corridor and was…

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?
$4k
Tax billed · 2023
Assessed value · 2024$93k
Assessed land$28k
Assessed improvement$65k
Effective rate3.80%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$81k
Vacancy & credit loss−$8k
Operating expenses−$22k
NOI · 12.03% cap applied$51k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$37 – $123
Qualifying comparables4

Cap rate analysis

How does the asset earn?
12.03%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant14.7
Hair Salon14.6
Spa & Massage13.7

Location

2142 E Lake Rd Erie, PA 16511
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales 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
4216 Main, Erie, PA 16511-1970 $375,000 Feb 2026 2,562 SF
12 12th Ww, Erie, PA 16511 $300,000 Apr 2025 2,184 SF
4009 Main, Erie, PA 16511-1965 $10,000 Jun 2021 3,884 SF
4270 Lk, Erie, PA 16511-1389 $150,000 Dec 2020 2,764 SF
4212 Main, Erie, PA 16511-1970 $45,000 Nov 2019 1,815 SF
2001 12th, Erie, PA 16511-3007 $350,000 Dec 2018 2,160 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?”
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