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Property profile & analytics
FOR LEASE
Manufacturing properties
2545 W Grandview Blvd Erie, PA 16510
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2882627
For Lease
1 / 30
$5.95 SF/Yr
2545 W Grandview Blvd, Erie, PA 16510
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
FRAME
Total area
63,573 SF
Lot
6.6 ac (287,496 SF)
Zoning code
LI
APN
33-096-418.0-005.00
UPID
US73-2882627
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
-
Bliley Technologies, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$920k
Owner & transaction history
Hammel Green LLC · 1 yrs held
Hammel Green LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
LI · 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
Method
Estimation
Statistic approach
by Request
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $1.05M (May 9 2024)
Last sale anchor
$1.05M
May 9 2024
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
$14 / 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
$26,896
Tax year 2023
Assessed value
$1,039,900
Assessed 2024
Previous assessed
$1,039,900
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$330,000
Assessed improvement
$709,900
Land market value
$330,000
Improvement market value
$709,900
Total market value
$1,039,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1967
Construction
FRAME
Heating
NONE
Stories
3
Total area
63,573 SF
Lot
6.6 ac (287,496 SF)
Zoning code
LI
APN
33-096-418.0-005.00
UPID
US73-2882627
Jurisdiction
ERIE
Zoning & alternative use
LI · Erie, PA
Zoning LI · permitted uses
LI · 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
1967
Construction
FRAME
Heating
NONE
Stories
3
Lot
6.6 ac
Current owner
From public records · entity-resolved
Hammel Green LLC
Entity
Mailing address
230 W 6TH ST STE #202, ERIE, PA 16507-1319
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$1,050,000
Hammel Green LLC
2545 West Grandview LLC
Special Warranty Deed
—
Jan 8, 2019
—
2545 West Grandview LLC
—
Deed
related
$1,000,000 · Eriebank
Dec 31, 2018
$1,650,000
2545 West Grandview LLC
Bliley Technologies INC
Grant Deed
—
May 2, 2017
—
Bliley Technologies INC
—
Grant Deed
related
$1,440,000 · Redevelopment Authority/cnty
Sep 28, 2009
—
Bliley Technologies INC
Bliley Technolgoies INC
Quit Claim Deed
$1,440,000 · Northwest Savings Bank
—
—
2545 West Grandview LLC
—
Deed Of Trust
related
$1,000,000 · Eriebank
—
—
Bliley Technologies INC
—
Deed Of Trust
related
$500,000 · Other Institutional Lenders
—
—
Bliley Technologies INC
—
Deed Of Trust
related
$823,000 · Redevelopment Agcy
—
—
Bliley Technologies INC
—
Deed Of Trust
related
$300,000 · Northwest Pennsylvania Reg'l P
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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