Property profile

2500 Palermo Dr Erie, PA 16506

OFF-MARKET
Office buildings
Property ID
US73-2410244
3,510 SF 0.8 ac lot Built 2006
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2006
Construction FRAME
Total area 3,510 SF
Lot 0.8 ac (34,691 SF)
APN 33-123-418.0-031.04
UPID US73-2410244

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Counselor
  • Physician
  • Crisis Center Medical Clinic

Location

2500 Palermo Dr Erie, PA 16506-7206
Erie metro Census 11002 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
$755k
Comparable Approach Comparable
by Request
Blend (final) Blend
$955k

Owner & transaction history

since 2022
Last sale
$859,000
4 recorded transactions
2023
Price N/A
2022
$859,000
2022
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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