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    Property profile & analytics

    2206-2208 Rice Ave Lake City, PA 16423

    • Bars
    • 2,480 SF
    • 0.23 lot acres
    For Sale
    View listing
    $299,000
    Value Estimation
    Last Sale
    Jan 09, 2023
    $145,000
    Location Intelligence
    Property ID
    US73-0641070
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for 2206-2208 Rice Ave

    Year built
    2010
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    2,480 SF
    Zone code
    C1
    Property type
    Bars
    Property subtype
    Pubs
    APN
    28-013-023.0-001.00
    APU
    28013023000100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.3428
    Latitude
    42.0146
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,871
    $15,300
    $116,800
    $132,100
    -
    $15,300
    $116,800
    $132,100

    Comparable in this City

    • Value Estimation
      $345,000
      1,836 SF

      1304 Lk St

      RESTAURANT • 1,836 SF
      1304 Lk St, Lake City, PA 16423-1809
      View Details
    • Value Estimation by Request
      0.15 Acres

      Maple Ave

      PARKING LOT • 0.15 Acres
      Maple Ave, Lake City, PA 16423
      View Details
    • Value Estimation by Request
      0.48 Acres

      Martin Ave

      PARKING LOT • 0.48 Acres
      Martin Ave, Lake City, PA 16423
      View Details
    • Value Estimation by Request
      4,160 SF

      2184 Rice Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,160 SF
      2184 Rice Ave, Lake City, PA 16423-1533
      View Details
    • Value Estimation
      $165,000
      4,168 SF

      1591 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 4,168 SF
      1591 Lk St, Lake City, PA 16423-1812
      View Details
    • Value Estimation by Request
      1,664 SF

      2154 Rice Ave

      AUTO REPAIR, GARAGE • 1,664 SF
      2154 Rice Ave, Lake City, PA 16423-1533
      View Details

    Similar Nearby for Sale

    • New
      $299,000
      2,480 SF

      Turn-Key Bar and Grill

      Operating bar and grill with liquor license and equipment.
      2206-2208 Rice Ave, Lake City, PA 16423
      View Details
    • $105,000
      0.37 Acres

      Lake City Commercial Property

      Prime Office/Land Investment, 1920 sq ft
      1580 Lake St, Lake City, PA 16423
      View Details
    • Contact for pricing
      0.44 Acres

      Land with Utilities in Place

      Nearly half-acre parcel with utilities and shed in Lake City.
      2737 Lake St, Lake City, PA 16423
      View Details
    • $999,000
      Pending

      Spacious Facility Near Interstate

      30,000+ sq ft facility near interstate, suitable for various uses.
      10042 Keystone Dr, Lake City, PA 16423
      View Details
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    Lake City, PA 16423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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