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Property profile & analytics
FOR SALE
Auto shops
2527 East Ave Erie, PA 16503
Individually Owned
1-yr Hold
Free & Clear
Property ID
US73-0474246
For Sale
1 / 14
$256,000
2527 East Ave, Erie, PA 16503
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1964
Construction
FRAME
Total area
1,740 SF
Lot
0.29 ac (12,602 SF)
Zoning code
C1
APN
18-050-042.0-124.00
UPID
US73-0474246
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
-
BABYLON AUTO SALES & SERVICE Car Dealership
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
Omar Mohammed · 1 yrs held
Omar Mohammed
since 2025
Last sale
$82,000
5 recorded transactions
Zoning & alternative use
C1 · 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
$4,033
Tax year 2023
Assessed value
$106,000
Assessed 2024
Previous assessed
$106,000
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$37,800
Assessed improvement
$68,200
Land market value
$37,800
Improvement market value
$68,200
Total market value
$106,000
Applied tax rate
18.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1964
Construction
FRAME
Heating
NONE
Stories
2
Total area
1,740 SF
Lot
0.29 ac (12,602 SF)
Zoning code
C1
APN
18-050-042.0-124.00
UPID
US73-0474246
Jurisdiction
ERIE
Zoning & alternative use
C1 · Erie, PA
Zoning C1 · permitted uses
C1 · 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
1964
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Omar Mohammed
Individual
Free & Clear · 1 yrs held
Mailing address
750 E 26TH ST, ERIE, PA 16504-2815
Ownership since
2025
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
Jan 16, 2025
—
Omar Mohammed
Mohammad Al Igla
Deed
related
—
Mar 28, 2023
$82,000
Mohammad Al Lyla
Samir Music
Warranty Deed
—
Dec 29, 2010
$105,000
Samir Music
Hebro LLC
Grant Deed
$95,000 · Hebro LLC
Dec 29, 2010
—
Hebro LLC
Ireland,donald R & Sharon L
Grant Deed
related
—
Aug 14, 2001
$131,250
Erie Transportation INC
Ireland,donald R & Sharon L
Grant Deed
—
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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