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Property profile & analytics
OFF-MARKET
Residential income homes
2627 Fairmont Pkwy Erie, PA 16510-1462
Trust Owned
22-yr Hold
Free & Clear
Property ID
US73-6000765
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1938
Construction
WOOD
Total area
3,415 SF
Lot
0.15 ac (6,560 SF)
Zoning code
R1
APN
18-051-042.0-210.00
UPID
US73-6000765
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
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
Thompson-franco Sandra J Trust · 22 yrs held
Thompson-franco Sandra J Trust
since 2004
4 recorded transactions
Zoning & alternative use
R1 · 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
$2,305
Tax year 2023
Assessed value
$60,600
Assessed 2024
Previous assessed
$60,600
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$19,700
Assessed improvement
$40,900
Land market value
$19,700
Improvement market value
$40,900
Total market value
$60,600
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Stories
3
Total area
3,415 SF
Lot
0.15 ac (6,560 SF)
Zoning code
R1
APN
18-051-042.0-210.00
UPID
US73-6000765
Jurisdiction
ERIE
Zoning & alternative use
R1 · Erie, PA
Zoning R1 · permitted uses
R1 · 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
1938
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Thompson-franco Sandra J Trust
Trust
Free & Clear · 22 yrs held
Mailing address
PO BOX 11271, ERIE, PA 16514-1271
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2004
$169,000
Thompson-franco Sandra J Trust
Northwest Savings Bank
Grant Deed
—
May 28, 1999
$4,066
Northwest Federal Savings Bank
Cripe,james A
Trustees Deed
related
—
—
—
Franco,sandra J T Trust
—
Deed Of Trust
related
$53,000 · Northwest Svgs Bk
—
—
Thompson-franco Sandra J Trust
—
Deed Of Trust
related
$50,000 · Northwest Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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