New search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Manufacturing properties
2715 15th St, Erie, PA 16505-4211
Individually Owned
7-yr Hold
Free & Clear
Property ID
US73-0344358
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Construction
WOOD
Total area
10,750 SF
Lot
1.36 ac (59,285 SF)
Zoning code
LI
APN
33-033-185.0-009.01
UPID
US73-0344358
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
$577k
Blend (final)
Blend
$545k
Owner & transaction history
James J Rutkowski SR. · 7 yrs held
James J Rutkowski SR.
since 2019
4 recorded transactions
Zoning & alternative use
LI · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$885,000
+142.0%
Restaurant
$885,000
+141.9%
Apartment house (5+ units)
$875,000
+140.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$365,000
Current use
OFFICE BUILDING
$885,000
Change: +142% · Conversion: Difficult
RESTAURANT
$885,000
Change: +142% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$875,000
Change: +140% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +120% · Conversion: Moderate
AUTO REPAIR, GARAGE
$745,000
Change: +104% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$475,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$51 / 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
$8,724
Tax year 2023
Assessed value
$337,300
Assessed 2024
Previous assessed
$337,300
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$106,700
Assessed improvement
$230,600
Land market value
$106,700
Improvement market value
$230,600
Total market value
$337,300
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
Off-Market
Year built
1975
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
3
Rooms
5
Bathrooms
1
Total area
10,750 SF
Lot
1.36 ac (59,285 SF)
Zoning code
LI
APN
33-033-185.0-009.01
UPID
US73-0344358
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$365,000
OFFICE BUILDING
Est. value
$885,000
RESTAURANT
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$875,000
RETAIL STORES
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$475,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1975
Construction
WOOD
Heating
FORCED AIR
Stories
3
Buildings
2
Rooms
5
Bathrooms
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
James J Rutkowski SR.
Individual
Free & Clear · 7 yrs held
Mailing address
2609 W 12TH ST, ERIE, PA 16505-4343
Ownership since
2019
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 13, 2019
—
James J Rutkowski SR.
Rutkowski,james J SR
Quit Claim Deed
related
—
Jul 23, 2014
—
James J Rutkowski SR.
Rutkowski,james J SR
Quit Claim Deed
related
—
Jan 27, 2000
$380,000
Rutkowski Family LP
Longo,charles W & Shirley A
Grant Deed
$300,000 · First National Bank Pa
—
—
James J Rutkowski
—
Deed Of Trust
related
$175,000 · National City 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2715 15th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
