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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Investment properties
2926 Pne Ave Erie, PA 16504-1174
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-5420739
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Construction
WOOD
Total area
9,532 SF
Lot
0.98 ac (42,645 SF)
Zoning code
R1
APN
18-050-075.0-105.00
UPID
US73-5420739
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
Current use
Occupant on record · Public records
-
Pitts Funeral Home and Cremation Service Inc. Social Service Agency
-
Law Funeral Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$840k
Owner & transaction history
Sheffield-pitts Funeral Home · 10 yrs held
Sheffield-pitts Funeral Home
since 2015
4 recorded transactions
Zoning & alternative use
R1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$785,000
+87.2%
Restaurant
$785,000
+87.1%
Retail stores
$780,000
+86.7%
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
OFFICE BUILDING
$785,000
Change: +87% · Conversion: Easy
RESTAURANT
$785,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +87% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +86% · Conversion: Moderate
AUTO REPAIR, GARAGE
$660,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$88 / 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
$11,367
Tax year 2023
Assessed value
$298,800
Assessed 2024
Previous assessed
$298,800
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$127,900
Assessed improvement
$170,900
Land market value
$127,900
Improvement market value
$170,900
Total market value
$298,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Stories
4
Total area
9,532 SF
Lot
0.98 ac (42,645 SF)
Zoning code
R1
APN
18-050-075.0-105.00
UPID
US73-5420739
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$785,000
RESTAURANT
Est. value
$785,000
RETAIL STORES
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$660,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1955
Construction
WOOD
Heating
NONE
Stories
4
Lot
0.98 ac
Current owner
From public records · entity-resolved
Sheffield-pitts Funeral Home
Individual
Mailing address
920 FRANKLIN AVE, ALIQUIPPA, PA 15001-3305
Ownership since
2015
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
Nov 2, 2015
$228,800
Sheffield-pitts Funeral Home
Law Edgar S
Grant Deed
$226,900 · Huntington Nat'l Bk
Jun 16, 2008
$300,000
Edgar S Law
Constructive Solutions Invs
Grant Deed
$240,000 · Huntington National Bank
Oct 31, 2005
$150,000
Constructive Solutions Investments
David C Schmidt
Special Warranty Deed
$140,000 · Sky Bank
Apr 29, 2004
—
David C Schmidt
—
Trustees Deed
related
$395,200 · Citizens Bank Pennsylvania
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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