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Property profile & analytics
OFF-MARKET
Estimated value
$9,195,000
Medical Office Space
2315 Myrtle St Erie, PA 16502-4602
Individually Owned
7-yr Hold
Free & Clear
Property ID
US73-0945063
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
FRAME
Total area
88,232 SF
Lot
1 ac (43,604 SF)
Zoning code
RLB
APN
19-060-007.0-110.99
UPID
US73-0945063
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
-
Saint Vincent Infusion Center Medical Clinic Hospital
-
Michael G Machuga PC Dental Office
-
AHN Plastic Surgery at Saint Vincent Medical Clinic
-
Pradeep Dayanand, MD Physician
-
Jennifer D Saldanha, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.72M
Blend (final)
Blend
$9.20M
Owner & transaction history
Saint Vincent Health Center · 7 yrs held
Saint Vincent Health Center
since 2018
1 recorded transaction
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+37.4%
Office building
$7.2M
+29.9%
Auto repair, garage
$6.4M
+14.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,550,000
Current use
RESTAURANT
$7,625,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$7,210,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,365,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$6,225,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$9.20M
Range $8.28M – $10.11M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$104 / SF
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
$418,353
Tax year 2023
Assessed value
$10,996,900
Assessed 2024
Previous assessed
$10,996,900
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$109,000
Assessed improvement
$10,887,900
Land market value
$109,000
Improvement market value
$10,887,900
Total market value
$10,996,900
Applied tax rate
19.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
NONE
Stories
4
Total area
88,232 SF
Lot
1 ac (43,604 SF)
Zoning code
RLB
APN
19-060-007.0-110.99
UPID
US73-0945063
Jurisdiction
ERIE
Zoning & alternative use
RLB · Erie, PA
Zoning RLB · permitted uses
RLB · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.6M
RESTAURANT
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
NONE
Stories
4
Lot
1 ac
Current owner
From public records · entity-resolved
Saint Vincent Health Center
Individual
Free & Clear · 7 yrs held
Mailing address
4 ALLEGHENY CTR, PITTSBURGH, PA 15212-5255
Ownership since
2018
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
Oct 5, 2018
—
Saint Vincent Health Center
Saint Vincent Health Center
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.
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