2208 8th St Erie, PA 16505-4543
Entity Owned
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$250k
Range $225k – $275k (±10%)
Property ID
US73-0900762
Property summary
AI-generated overview
This exceptional single-tenant property at 2208 W. 8th Street, Erie County, offers 6,970 square feet of versatile commercial space currently available for lease. The building, situated at a signalized intersection on Pittsburgh Avenue, boasts a spacious, single-story layout ideal for a variety of uses, including retail, office, or a combination of both. With high visibility from the street, this location ensures maximum exposure for your business. The property is zoned MU and includes ample parking with 18 spaces available for tenants and customers. The entire 6,970 square feet is currently vacant, presenting a unique opportunity for a business seeking a substantial and adaptable space. The property's strategic location provides easy access to major roadways, ensuring convenient access for employees and clients alike. This is a prime opportunity to establish a strong presence in a thriving commercial area. The building's size and layout offer flexibility for customization to meet specific business needs. Don't miss this chance to secure this highly visible and conveniently located commercial property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
FRAME
Total area
6,970 SF
Lot
0.3 ac (13,260 SF)
Zoning code
AR
APN
33-014-043.0-027.00
UPID
US73-0900762
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Discount Store (Bike/Boat/Book/etc) Store
-
Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
AR · Erie, PA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$250k
Value range
$225k – $275k
±10% around blend
Estimated value / SF
$36 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$225k
blend $250k
$275k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,970 SF
Lot area
0.3 ac
Year built
1956
Stories
1
APN
33-014-043.0-027.00
Assessed value
$199,200
Annual tax
$5,152
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$414k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.9 mi away · 7,534 SF
2.7 mi away · 7,380 SF
4.5 mi away · 9,020 SF
12.2 mi away · 7,106 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$250k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 18 sales
$75
-52%
Submarket 127 sales
$82
-56%
County 180 sales
$72
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $36/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$199k
Move the market yield to see immediate price impact.
Value / SF
$29
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$13k
$251k
$179k
$139k
$14k
$279k
$199k
$155k
$15k
$307k
$219k
$170k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$550k
1.4 mi · Jan 2026 · $68/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,152
Tax year 2023
Assessed value
$199,200
Assessed 2024
Previous assessed
$199,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$59,700
Assessed improvement
$139,500
Land market value
$59,700
Improvement market value
$139,500
Total market value
$199,200
Applied tax rate
33.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
NONE
Stories
1
Total area
6,970 SF
Lot
0.3 ac (13,260 SF)
Zoning code
AR
APN
33-014-043.0-027.00
UPID
US73-0900762
Jurisdiction
ERIE
Zoning & alternative use
AR · Erie, PAZoning AR · permitted uses
AR · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1956
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AR
Jurisdiction
Erie, PA
Recorded code
AR
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for AR in Erie, PA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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