Financial
Distress signals
Property profile

2978 12th St Erie, PA 16505

OFF-MARKET
Auto shops
Property ID
US73-0343115
7,006 SF 0.54 ac lot Built 1962
Last sale Mar 2000 · $275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$7k
Tax billed · 2023
Assessed value · 2024$264k
Assessed land$106k
Assessed improvement$158k
Effective rate2.59%

Value estimate

· Sep 2026
$240k
$216k – $264k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$31 – $102

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RB
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.0
Parking Facility11.1
Laundry Service9.3

Location

2978 12th St Erie, PA 16505-3945
County assessor Recorded deeds · 13 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3027 12th, Erie, PA 16505-3861 $475,000 Oct 2023 2,556 SF
3759 Lk, Erie, PA 16505 $250,000 Jul 2023 4,278 SF
3701 12th, Erie, PA 16505-3515 $335,000 May 2021 6,750 SF
4060 Lk, Erie, PA 16505-3267 $190,000 Sep 2020 2,673 SF
1226 Industrial, Erie, PA 16505-4324 $110,000 Sep 2020 3,500 SF
2725 12th, Erie, PA 16505-4201 $129,000 Mar 2019 2,040 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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