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Property profile & analytics
OFF-MARKET
Estimated value
$4,585,000
Garden apartment buildings
232 Darrow Rd 246 Edinboro, PA 16412-2606
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-4028913
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
84,672 SF
Lot
6.4 ac (278,784 SF)
Zoning code
R4
APN
11-017-050.0-016.00
UPID
US73-4028913
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Bayit Apartments Edinboro LLC · 2 yrs held
Bayit Apartments Edinboro LLC
since 2023
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
R4 · Edinboro, 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 Edinboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edinboro 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
$4,585,000
ML approach
$4,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.59M
Range $4.13M – $5.04M · ±10% · vs last sale $4.28M (Nov 13 2023)
Last sale anchor
$4.28M
Nov 13 2023
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
$54 / 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
$87,744
Tax year 2023
Assessed value
$3,516,800
Assessed 2024
Previous assessed
$3,516,800
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$218,400
Assessed improvement
$3,298,400
Land market value
$218,400
Improvement market value
$3,298,400
Total market value
$3,516,800
Applied tax rate
11.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
NONE
Buildings
2
Stories
3
Total area
84,672 SF
Lot
6.4 ac (278,784 SF)
Zoning code
R4
APN
11-017-050.0-016.00
UPID
US73-4028913
Jurisdiction
ERIE
Zoning & alternative use
R4 · Edinboro, PAZoning R4 · permitted uses
R4 · Edinboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
NONE
Stories
3
Buildings
2
Lot
6.4 ac
Current owner
From public records · entity-resolved
Bayit Apartments Edinboro LLC
Entity
Free & Clear · 2 yrs held
Mailing address
103 BRORA DR, EDINBORO, PA 16412-2774
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2026
—
Bayit Apartments Edinboro LLC
—
Deed
related
$1,500,000 · Somerset Trust
Nov 13, 2023
$4,283,500
Bayit Apartments Edinboro LLC
Darrow Place LLC
Warranty Deed
—
Feb 8, 2019
—
Jh Rl Group LLC
—
Deed
related
$796,000 · Erie FCU
Aug 31, 2011
—
Darrow Place Ptshp
—
Deed Of Trust
related
$10,000,000 · Pnc Bank
—
—
Jh Rl Group LLC
—
Deed Of Trust
related
$796,000 · Erie FCU
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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