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    Property profile & analytics

    2640 38th St Erie, PA 16510-3731

    • Retail space
    • 1,344 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US73-0341393
    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.

    Current Use by Public Records

    • Dr. Scott A. Griffith, MD / Ophthalmologist
    • Griffith Eye Center / Optician / Ophthalmology Clinic
    • Dr. Allison Benacci / Optometrist
    • David J. Cage, OD / Optometrist
    • Long's School of Dance / Dance School

    Property Details for 2640 38th St

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    1,344 SF
    Zone code
    R1
    Property type
    Retail space
    APN
    18-052-038.0-203.00
    APU
    18052038020300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $365,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $345,000
      Mixed-Use
      $380,000
      Hospitality
      $335,000
      Educational
      $380,000
      Residential Income
      $320,000
      Energy
      $345,000
      Income-Based Land
      $390,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0101
    Latitude
    42.1231
    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
    $3,241
    $30,800
    $54,400
    $85,200
    -
    $30,800
    $54,400
    $85,200

    Comparable in this City

    • Value Estimation
      $910,000
      6,880 SF

      4635 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,880 SF
      4635 Buffalo Rd, Erie, PA 16510-2206
      View Details
    • Value Estimation
      $90,000
      1,640 SF

      2924 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,640 SF
      2924 Buffalo Rd, Erie, PA 16510
      View Details
    • Value Estimation
      $300,000
      2,160 SF

      5440 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      5440 Buffalo Rd, Erie, PA 16510-2314
      View Details
    • Value Estimation
      $65,000
      960 SF

      2264 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      2264 Buffalo Rd, Erie, PA 16510-1324
      View Details
    • Value Estimation
      $125,000
      1,200 SF

      1922 38th St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      1922 38th St, Erie, PA 16510-3575
      View Details
    • Value Estimation
      $55,000
      2,060 SF

      3516 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,060 SF
      3516 Buffalo Rd, Erie, PA 16510-1816
      View Details

    Similar Nearby for Sale

    • $80,000
      1,200 SF

      Erie Retail Opportunity For Sale

      High-traffic Erie retail space with flexible zoning and ample parking.
      1825 Buffalo Rd, Erie, PA 16510
      View Details
    • Contact for pricing
      77,000 SF

      Erie Retail Property For Sale

      77,000 square foot retail property in Erie, Pennsylvania.
      1702 E 38Th St, Erie, PA 16510
      View Details
    • $1,500,000
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      Turnkey Golf Course and Restaurant

      182+ acre golf course and restaurant with lake views.
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    • $269,900
      1,176 SF

      Erie Commercial Property on 38th

      Commercial property with multi-use zoning in a busy corridor.
      1618 E 38Th St, Erie, PA 16510
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    • $1,173,000
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      Erie, PA Commercial Land

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    • $35,000
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      Wooded Land in Harborcreek Township

      Six wooded parcels totaling 1.48 acres for sale in Erie.
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    Similar Nearby for Lease

    • Contact for pricing
      5,478 SF

      Erie Retail Space Available

      Retail or office space with strong visibility and ample parking.
      1523 E 38Th St, Erie, PA 16510
      View Details
    • $1,100 /Mo
      1,500 SF

      Erie Retail/Office Space Available

      1,500 SF retail/office space with open layout and parking.
      3523 Buffalo Rd, Erie, PA 16510
      View Details
    • Contact for pricing

      Prime Erie County Commercial Land

      High-traffic location, build-to-suit available.
      4655 Buffalo Rd, Erie, PA 16510
      View Details
    • Contact for pricing
      8,556 SF

      Erie Retail Strip Center Opportunity

      High-Visibility Retail Space Available in Erie, PA
      1509 38Th St, Erie, PA 16510
      View Details
    • $6 SF/Yr
      4,250 SF

      Warehouse Space for Lease in Buffalo

      4,250 sq ft warehouse, ideal distribution.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    • $6 SF/Yr
      4,250 SF

      Erie Warehouse/Distribution Space Available

      Warehouse/distribution space with truck dock and overhead door in Erie, PA.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
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    Erie, PA 16510-3731
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    Realmo Value Estimation

    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.

    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.

    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
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