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Property profile & analytics
OFF-MARKET
Investment properties
2164 Rice Ave, Lake City, PA 16423-1533
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0139441
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
WOOD
Total area
2,080 SF
Lot
0.08 ac (3,337 SF)
Zoning code
C1
APN
28-013-024.0-007.00
UPID
US73-0139441
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dewayne M Foringer · 20 yrs held
Dewayne M Foringer
since 2006
3 recorded transactions
Zoning & alternative use
C1 · Lake City, 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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,231
Tax year 2023
Assessed value
$42,000
Assessed 2024
Previous assessed
$42,000
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$7,500
Assessed improvement
$34,500
Land market value
$7,500
Improvement market value
$34,500
Total market value
$42,000
Applied tax rate
28.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
WOOD
Heating
NONE
Stories
3
Total area
2,080 SF
Lot
0.08 ac (3,337 SF)
Zoning code
C1
APN
28-013-024.0-007.00
UPID
US73-0139441
Jurisdiction
ERIE
Zoning & alternative use
C1 · Lake City, PA
Zoning C1 · permitted uses
C1 · Lake City, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Dewayne M Foringer
Individual
Mailing address
5 W 10TH ST STE #300, ERIE, PA 16501-1429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2006
$86,900
Dewayne M Foringer
Freligh,gary E & Cindy E
Warranty Deed
$63,000 · Gary E & Cindy E Freligh
Apr 20, 2000
$10,000
Gary E Freligh
Imig,karen L
Grant Deed
—
—
—
Dewayne M Foringer
—
Deed Of Trust
related
$117,000 · Northwest Savings 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.
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