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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Retail space
2601 26th St Erie, PA 16506-3063
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-0478736
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
FRAME
Total area
20,001 SF
Lot
1.53 ac (66,647 SF)
Zoning code
BB
APN
33-071-294.0-002.00
UPID
US73-0478736
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
-
Coldwell Banker Commercial Select, REALTORS Real Estate Agency
-
Zahraa Al-Quraishi, DPT Physician
-
Westminster Place Partnership Construction Company General Contractor
-
UPMC Rehabilitation Institute Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Chestnut Chicago Holdings LLC · 2 yrs held
Chestnut Chicago Holdings LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+29.9%
Office building
$1.6M
+0.3%
Restaurant
$1.6M
+0.3%
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
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,640,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,130,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,645,000
Change: +0% · Conversion: Easy
RESTAURANT
$1,645,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,390,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Apr 1 2024)
Last sale anchor
$1.70M
Apr 1 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
$85 / 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
$23,102
Tax year 2023
Assessed value
$893,200
Assessed 2024
Previous assessed
$893,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$311,700
Assessed improvement
$581,500
Land market value
$311,700
Improvement market value
$581,500
Total market value
$893,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
NONE
Stories
2
Total area
20,001 SF
Lot
1.53 ac (66,647 SF)
Zoning code
BB
APN
33-071-294.0-002.00
UPID
US73-0478736
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PA
Zoning BB · permitted uses
BB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
NONE
Stories
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Chestnut Chicago Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2601 W 26TH ST, ERIE, PA 16506-3063
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$1,700,000
Chestnut Chicago Holdings LLC
Westminster Development LLC
Special Warranty Deed
—
Aug 17, 2022
—
Westminster Development LLC
—
Deed
related
$1,100,000 · Erie Bank
Mar 11, 2022
—
Commonwealth Of Pennsylvania
Westminster Development LLC
Quit Claim Deed
related
—
Mar 2, 2001
$955,000
Westminster Development LLC
Westminster Place Ptshp
Grant Deed
related
—
—
—
Westminster Dev LLC
—
Deed Of Trust
related
$595,312 · Pnc Bank
—
—
Westminster Dev LLC
—
Loan Modification
related
$462,000 · Pnc Bk
—
—
Westminster Development LLC
—
Deed Of Trust
related
$877,500 · Pnc Bank
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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