Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2601 Hazel St Erie, PA 16508-1619
    Back to Search
    Property profile & analytics

    2601 Hazel St, Erie, PA 16508-1619

    View on Map
    • Investment properties
    • 3,369 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Mar 17, 2025
    $90,000
    Property ID
    US73-5687102
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2601 Hazel St

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    19-060-043.0-226.00
    APU
    19060043022600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 17, 2025 $90,000 Crockett Home Rentals LLC Christopher S Carlin Warranty Deed $63k · Chris S Carlin Etal
    Oct 5, 2006 $35,000 Christopher S Carlin Stonebridge Redev Funding LLC Grant Deed $26k · Northwest Savings Bank
    Dec 9, 2005 — Stonebridge Redev Funding LLC Finney,gregory M Trustees Deed · related —
    Dec 7, 2005 $26,900 Gregory M Finney Northwest Savings Bank Other $55k · Stonebridge Redevelopment Funding L
    Apr 28, 2004 $3,583 Northwest Savings Bank Mays,larry D Trustees Deed · related —
    — — Christopher S Carlin — Deed Of Trust · related $55k · Northwest Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0883
    Latitude
    42.1063
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,450
    $10,900
    $53,500
    $64,400
    -
    $10,900
    $53,500
    $64,400

    Comparable in this City

    • Value Estimation by Request
      2,850 SF

      2825 Raspberry St

      OFFICE/RESIDENTIAL (MIXED USE)
      2825 Raspberry St, Erie, PA 16508-1547
      View Details
    • Value Estimation by Request
      3,200 SF

      712 26th St

      OFFICE/RESIDENTIAL (MIXED USE)
      712 26th St, Erie, PA 16508-1606
      View Details
    • Value Estimation by Request
      2,952 SF

      1158 26th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1158 26th St, Erie, PA 16508-1518
      View Details
    • Value Estimation by Request
      2,220 SF

      1061 26th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1061 26th St, Erie, PA 16508-1515
      View Details
    • Value Estimation by Request
      4,902 SF

      664 26th St

      OFFICE/RESIDENTIAL (MIXED USE)
      664 26th St, Erie, PA 16508-1602
      View Details
    • Value Estimation by Request
      2,240 SF

      1730 26th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1730 26th St, Erie, PA 16508-1234
      View Details

    Similar Nearby for Sale

    • New
      $350,000
      0.50 Acres

      Mixed-Use Redevelopment Package

      Package sale includes a vacant commercial building, an occupied two-unit residence, and a vacant lot in C-2 zoning.
      1901 W 26Th St, Erie, PA 16508
      View Details
    • $134,900
      1,188 SF

      Erie Multi-Family Property For Sale

      Tenant-occupied, three-bedroom property with garage, yard, and updates.
      2716 Raspberry St, Erie, PA 16508
      View Details
    • $65,000
      0.30 Acres

      Erie Vacant Lots Package

      Three side-by-side lots near St. Vincent Hospital.
      233 W 26Th St, Erie, PA 16508
      View Details
    • $425,000

      Renovated Medical Office Near Hospital

      Modern, renovated medical office space near St. Vincent Hospital.
      2626 Sigsbee St, Erie, PA 16508
      View Details
    • $425,000
      Pending

      Erie Commercial Property For Sale

      Established beer distributor with high visibility and income potential.
      3750 Peach St, Erie, PA 16508
      View Details
    • Contact for pricing
      4,796 SF

      Axe Throwing & Splatter Paint Venue

      Established entertainment venue for sale on Liberty Street.
      3728 Liberty St, Erie, PA 16508
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,095 SF

      Redeveloped Retail Space Available

      Retail space available in a high-traffic shopping center.
      1520 West 26Th St, Erie, PA 16508
      View Details
    • Contact for pricing

      1535 W 26th St, Erie, PA 16508

      Retail space
      1535 W 26Th St, Erie, PA 16508
      View Details
    • Contact for pricing

      Peach Street Professional Office Space

      Professional office space with high visibility and ample parking.
      3580 Peach St, Erie, PA 16508
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Outparcel pad site available for lease at Liberty Center I.
      712 W 38Th St, Erie, PA 16508
      View Details
    • Contact for pricing
      3,392 SF

      2178 38Th St

      Restaurants
      2178 38Th St, Erie, PA 16508
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2601 Hazel St
    Erie, PA 16508-1619
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2601 Hazel St, Erie, PA, 16508
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!