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Property profile & analytics
OFF-MARKET
Specialty properties
2233 38th St Erie, PA 16506-4501
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2835345
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2016
Construction
WOOD
Total area
7,432 SF
Lot
3.24 ac (141,134 SF)
Zoning code
BB
APN
33-080-417.0-003.01
UPID
US73-2835345
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
-
Glenwood Pet Hospital: Dr. Erica Jewell Veterinary Clinic
-
Glenwood Pet Hospital: Dr. Erin Gorney Veterinary Clinic
-
Dr. Erica Redmond Veterinary Clinic
-
Glenwood Pet Hospital: Dr. P.J. Polumbo Veterinary Clinic
-
Glenwood Pet Hospital Veterinary 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
Jp Realty Group LLC · 10 yrs held
Jp Realty Group LLC
since 2016
7 recorded transactions
Zoning & alternative use
BB · Erie, 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 Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie 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
$24,484
Tax year 2023
Assessed value
$946,645
Assessed 2024
Previous assessed
$946,645
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$347,845
Assessed improvement
$598,800
Land market value
$347,845
Improvement market value
$598,800
Total market value
$946,645
Applied tax rate
33.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,432 SF
Lot
3.24 ac (141,134 SF)
Zoning code
BB
APN
33-080-417.0-003.01
UPID
US73-2835345
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PA
Zoning BB · permitted uses
BB · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Construction
WOOD
Heating
NONE
Stories
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
Jp Realty Group LLC
Entity
Mailing address
4340 LESTER LN, ERIE, PA 16506-3616
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2020
—
Jp Realty Group LLC
—
Deed
related
$125,000 · Eriebank
Feb 28, 2019
—
Jp Realty Group LLC
—
Deed
related
$52,000 · Eriebank
Sep 30, 2016
—
Jp Realty Group LLC
—
Trustees Deed
related
$200,000 · Northwest Pennsylvania Regiona
Mar 24, 2016
$365,000
Jp Realty Group LLC
Westminster Dev LLC
Grant Deed
$1,000,000 · Eriebank
Apr 25, 2012
$1,000,000
Westminster Dev LLC
Ddr Erie LLC
Grant Deed
—
Jan 24, 2008
$67,500
Ddr Erie LLC
Rogala,margaret D
Warranty Deed
—
—
—
Jp Realty Group LLC
—
Deed Of Trust
related
$52,000 · Eriebank
—
—
Jp Realty Group LLC
—
Deed Of Trust
related
$200,000 · Cnb Bk
—
—
Jp Realty Group LLC
—
Deed Of Trust
related
$125,000 · Eriebank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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