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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Garden apartment buildings
2497 Ml St, North East, PA 16428-2114
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1149315
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
7,168 SF
Lot
1.44 ac (62,726 SF)
Zoning code
R2
APN
37-003-053.0-023.01
UPID
US73-1149315
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
$1.12M
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.11M
Owner & transaction history
Kailash Rentals LLC · 2 yrs held
Kailash Rentals LLC
since 2023
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
R2 · North East, 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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$1,200,000
ML approach
$1,115,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.12M (Dec 5 2023)
Last sale anchor
$1.12M
Dec 5 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
$154 / 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
$10,555
Tax year 2023
Assessed value
$468,000
Assessed 2024
Previous assessed
$468,000
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$46,800
Assessed improvement
$421,200
Land market value
$46,800
Improvement market value
$421,200
Total market value
$468,000
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1969
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Total area
7,168 SF
Lot
1.44 ac (62,726 SF)
Zoning code
R2
APN
37-003-053.0-023.01
UPID
US73-1149315
Jurisdiction
ERIE
Zoning & alternative use
R2 · North East, PA
Zoning R2 · permitted uses
R2 · North East, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North East. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Kailash Rentals LLC
Entity
Mailing address
1211 PEACH ST, ERIE, PA 16501-1807
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$1,120,000
Kailash Rentals LLC
J William Allen
Special Warranty Deed
$995,000 · J William Allen Etux
Aug 3, 2006
$280,000
J William Allen
Bondy,marcia
Warranty Deed
$40,014 · Barney R & Betty Radov
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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