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Property profile & analytics
OFF-MARKET
Medical Office Space
2350 Vlg Cmn Dr, Erie, PA 16506-4970
Entity Owned
6-yr Hold
Free & Clear
Property ID
US73-4152950
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Construction
FRAME
Total area
6,984 SF
Lot
1.41 ac (61,420 SF)
Zoning code
AR
APN
33-141-418.0-034.00
UPID
US73-4152950
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
-
Premier Surgical Center Medical Clinic Hospital
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
Project 2020 LLC · 6 yrs held
Project 2020 LLC
since 2020
Last sale
$173,500
6 recorded transactions
Zoning & alternative use
AR · 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
$34,914
Tax year 2023
Assessed value
$1,349,900
Assessed 2024
Previous assessed
$112,800
+1,096.7% YoY
Effective rate
2.59%
On assessed value
Assessed land
$141,000
Assessed improvement
$1,208,900
Land market value
$141,000
Improvement market value
$1,208,900
Total market value
$1,349,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Construction
FRAME
Heating
NONE
Total area
6,984 SF
Lot
1.41 ac (61,420 SF)
Zoning code
AR
APN
33-141-418.0-034.00
UPID
US73-4152950
Jurisdiction
ERIE
Zoning & alternative use
AR · Erie, PA
Zoning AR · permitted uses
AR · 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
2021
Construction
FRAME
Heating
NONE
Lot
1.41 ac
Current owner
From public records · entity-resolved
Project 2020 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
300 STATE ST STE #200, ERIE, PA 16507-1429
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
—
Project 2020 LLC
—
Deed
related
$2,320,000 · Eriebank A Division Of Cnb Bank
Dec 8, 2020
—
Project 2020 LLC
—
Deed
related
$867,702 · Eriebank
Mar 16, 2020
$173,500
Project 2020 LLC
Atrium Suites LLC
Grant Deed
—
Dec 18, 2008
$150,000
Atrium Suites LLC
Westminster Place Ptshp
Grant Deed
$200,000 · Eriebank
Sep 16, 2004
$850,000
Westminster Place Ptshp
Metro Health Center INC
Grant Deed
$765,000 · First National Bank Pa
—
—
Project 2020 LLC
—
Deed Of Trust
related
$867,702 · 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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