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Property profile & analytics
OFF-MARKET
Medical Office Space
218 220th E 3rd St Waterford, PA 16441
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-2833036
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
WOOD
Total area
5,208 SF
Lot
0.73 ac (31,755 SF)
Zoning code
T
APN
46-007-031.0-011.01
UPID
US73-2833036
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
-
Dr. Paula A. Gunduz, MD Physician
-
Lockwood Marilyn A MD Pediatrician Medical Clinic
-
Jennifer Stull Physician
-
Waterford Family Practice Medical Clinic
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
Medical Associates Of Erie · 4 yrs held
Medical Associates Of Erie
since 2022
1 recorded transaction
Zoning & alternative use
T · Waterford, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
istrict Map. § 280-8 Zoning districts. § 280-9 District boundaries. § 280-10 Classification of annexed lands. § 280-11 District regulations. § 280-12 R-1 Residential District. § 280-13 R-2 Residential District. § 280-14 T Transitional District. § 280-15 B-1 Business District. § 280-16 B-2 Business District. § 280-17 F-P Floodplain District. § 280-18 Permitte…
Zone name
Transitional
General category
COMMERCIAL
Zone area
106.94 ac
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 Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford 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
$8,800
Tax year 2023
Assessed value
$398,200
Assessed 2024
Previous assessed
$273,600
+45.5% YoY
Effective rate
2.21%
On assessed value
Assessed land
$75,400
Assessed improvement
$322,800
Land market value
$75,400
Improvement market value
$322,800
Total market value
$398,200
Applied tax rate
46.0000
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
2022
Construction
WOOD
Heating
NONE
Total area
5,208 SF
Lot
0.73 ac (31,755 SF)
Zoning code
T
APN
46-007-031.0-011.01
UPID
US73-2833036
Jurisdiction
ERIE
Zoning & alternative use
T · Waterford, PAZoning T · permitted uses
T · Waterford, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
istrict Map. § 280-8 Zoning districts. § 280-9 District boundaries. § 280-10 Classification of annexed lands. § 280-11 District regulations. § 280-12 R-1 Residential District. § 280-13 R-2 Residential District. § 280-14 T Transitional District. § 280-15 B-1 Business District. § 280-16 B-2 Business District. § 280-17 F-P Floodplain District. § 280-18 Permitted Use Table. § 280-19 Lot size and area, height and yard standards. § 280-20 Appl
Zone name
Transitional
General category
COMMERCIAL
Zone area
106.94 ac
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
NONE
Lot
0.73 ac
Current owner
From public records · entity-resolved
Medical Associates Of Erie
Entity
Free & Clear · 4 yrs held
Mailing address
1 LECOM PL, ERIE, PA 16505-2571
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
$249,075
Medical Associates Of Erie
Millcreek Community Hospital
Quit Claim Deed
related
—
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
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