Financial
Distress signals
Property profile

2800 W 21St St Erie, PA 16506

FOR LEASE
Warehouses
Property ID
US73-1235970
77,800 SF 3.81 ac lot Built 1957
Last sale Apr 2020 · $1,969,800
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Erie, PA property offers a diverse range of office and industrial spaces for lease, situated on a 3.8-acre lot at 2800 W 21st St, conveniently located near I-79 and I-90. The single-story, 77,800 square foot building, constructed in 1957, features a variety of suite sizes, ranging from a minimum of 230 square feet to a maximum contiguous space of 1,907 square feet. The property is zoned I-1, Light Industrial, and includes one loading dock and one drive-in door, making it suitable for

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value · 2024$1.52M
Assessed land$190k
Assessed improvement$1.33M
Effective rate2.84%

Value estimate

· Sep 2026
$1.83M
$1.64M – $2.01M
AI approach$2.02M
Submarket $/SF estimate$1.85M
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$4k
Operating expenses−$4k
NOI · 1,827.20% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$37/SF
Submarket average, outlier-cleaned · 110 recorded sales of this use type
Observed band · Q1–Q3$22 – $55

Cap rate analysis

How does the asset earn?
1,827.20%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.5
Law Firm12.5
Storage Facility12.2

Location

2800 W 21St St Erie, PA 16506
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2251 23rd, Erie, PA 16506-2916 $773,000 Oct 2024 25,755 SF
2545 Grandview, Erie, PA 16506-4512 $1,050,000 May 2024 63,573 SF
4623 Pacific, Erie, PA 16506-4925 $1,000,000 Jan 2021 36,000 SF
2930 22nd, Erie, PA 16506-2302 $1,542,500 Aug 2020 57,336 SF
2952 22nd, Erie, PA 16506-2302 $1,542,500 Aug 2020 27,848 SF
2820 23rd, Erie, PA 16506-2915 $989,971 Apr 2020 25,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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