New search
Property profile & analytics
FOR LEASE
Garden apartment buildings
2890 Copperleaf Pl, Erie, PA 16509
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4311174
For Lease
1 / 17
$15 SF/Yr
2890 Copperleaf Pl, Erie, PA 16509
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2017
Construction
FRAME
Total area
37,032 SF
Lot
23.84 ac (1,038,558 SF)
APN
40-001-007.0-001.05
UPID
US73-4311174
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
$3.50M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.85M
Owner & transaction history
Plp X LP · 10 yrs held
Plp X LP
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+0.8%
Restaurant
$3.0M
+0.8%
Retail stores
$3.0M
+0.5%
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%
$3,795,000
6.5%
$3,500,000
7%
$3,250,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,025,000
Current use
OFFICE BUILDING
$3,050,000
Change: +1% · Conversion: Moderate
RESTAURANT
$3,045,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$3,040,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,570,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±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
$77 / 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
$157,750
Tax year 2023
Assessed value
$7,931,100
Assessed 2024
Previous assessed
$7,931,100
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$990,100
Assessed improvement
$6,941,000
Land market value
$990,100
Improvement market value
$6,941,000
Total market value
$7,931,100
Applied tax rate
40.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Lease
Year built
2017
Construction
FRAME
Heating
NONE
Buildings
7
Stories
3
Total area
37,032 SF
Lot
23.84 ac (1,038,558 SF)
APN
40-001-007.0-001.05
UPID
US73-4311174
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2017
Construction
FRAME
Heating
NONE
Stories
3
Buildings
7
Lot
23.84 ac
Current owner
From public records · entity-resolved
Plp X LP
Entity
Mailing address
2906 COPPERLEAF DR, ERIE, PA 16509-4382
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Plp X LP
—
Deed
related
$27,500,000 · Argentic Real Estate Finance LLC
Nov 13, 2020
—
Plp X LP
—
Deed
related
$450,000 · Eriebank
Sep 20, 2019
—
Plp X LP
—
Deed
related
$78,500 · Eriebank
Mar 1, 2019
—
Plp X LP
—
Deed
related
$250,000 · Cnb Bk
Nov 19, 2018
—
Plp X LP
—
Deed
related
$294,554 · Farmers Nat'l Bk/emlenton
Sep 25, 2017
—
Plp X LP
—
Loan Modification
related
$7,640,000 · Farmers Nat'l Bk/emlenton
Oct 24, 2016
—
Plp X LP
—
Deed
related
$7,640,000 · Farmers Nat'l Bk/emlenton
Feb 9, 2016
$575,000
Plp X LP
Willow,thomas W
Grant Deed
$517,500 · Dollar Bk
—
—
Plp X LP
—
Deed Of Trust
related
$250,000 · Cnb Bk
—
—
Plp X LP
—
Deed Of Trust
related
$25,097,000 · Eriebank
—
—
Plp X LP
—
Deed Of Trust
related
$294,554 · Farmers Nat'l Bk/emlenton
—
—
Plp X LP
—
Deed Of Trust
related
$78,500 · Eriebank
—
—
Plp X LP
—
Deed Of Trust
related
$7,640,000 · Farmers Nat'l Bk/emlenton
—
—
Plp X LP
—
Deed Of Trust
related
$450,000 · Eriebank
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?”
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.
