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Property profile & analytics
OFF-MARKET
Warehouses
301 Erie St Edinboro, PA 16412-2212
Individually Owned
10-yr Hold
Free & Clear
Property ID
US73-1998648
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
FRAME
Total area
5,856 SF
Lot
0.3 ac (12,959 SF)
Zoning code
RLB
APN
11-003-031.0-041.00
UPID
US73-1998648
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
-
Edinboro Beverage Big Box & Wholesale Store Distribution Center
-
MadClock Productions Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael J Kondak III · 10 yrs held
Michael J Kondak III
since 2016
3 recorded transactions
Zoning & alternative use
RLB · Edinboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RLB-Residential Limited Use District. This zone is designed to permit a variety of residential and limited business uses in the Borough. Its purpose is to afford limited commercial activities which are amenable to residential uses while preserving the character of an established residential area. As it is the intent of this chapter to preserve the residentia…
Zone name
Residential Limited Use District
General category
COMMERCIAL
Zone area
21.27 ac
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 Edinboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edinboro 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,878
Tax year 2023
Assessed value
$195,500
Assessed 2024
Previous assessed
$195,500
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$38,900
Assessed improvement
$156,600
Land market value
$38,900
Improvement market value
$156,600
Total market value
$195,500
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
5,856 SF
Lot
0.3 ac (12,959 SF)
Zoning code
RLB
APN
11-003-031.0-041.00
UPID
US73-1998648
Jurisdiction
ERIE
Zoning & alternative use
RLB · Edinboro, PAZoning RLB · permitted uses
RLB · Edinboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RLB-Residential Limited Use District. This zone is designed to permit a variety of residential and limited business uses in the Borough. Its purpose is to afford limited commercial activities which are amenable to residential uses while preserving the character of an established residential area. As it is the intent of this chapter to preserve the residential character of the neighborhood, generally nonresidential uses (listed under special exceptions in Table 27-306-1) will only be allowed in converted residences. F. Commercial District. The commercial districts are designed to provide for needed commercial and related activities within the Borough: (1)
Zone name
Residential Limited Use District
General category
COMMERCIAL
Zone area
21.27 ac
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Michael J Kondak III
Individual
Free & Clear · 10 yrs held
Mailing address
400 ML ST, EDINBORO, PA 16412-2110
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2016
—
Michael J Kondak III
Kondak,michael J JR
Quit Claim Deed
related
—
Feb 12, 2016
—
Michael J Kondak JR
Kondak Michael J JR Trust
Quit Claim Deed
related
—
Apr 11, 2005
—
Kondak Michael J JR Trust
Kondak,michael J & Margaret A
Quit Claim Deed
related
—
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.
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