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Property profile & analytics
OFF-MARKET
Auto shops
3017 12th St Erie, PA 16505-3869
Entity Owned
~
Est. High Equity
Property ID
US73-0732945
Property summary
AI-generated overview
This Erie, Pennsylvania industrial property, located at 3017 W 12th St., offers a unique opportunity. Situated just west of Peninsula Drive on the south side of West 12th Street, this single-tenant property boasts high visibility. The building is zoned MU-2 and comprises two main sections: Section A measures 31' x 23' (702 square feet), and Section B measures 31' x 38' (1,170 square feet). An additional 33 square feet of common area is also included. The total building area is not specified. The property is ideal for a showroom, office, or shop. Note that the property's two bathrooms require connection to a new sewer line. This property is located in Erie County, Pennsylvania, with a zip code of 16505. The property is classified as both industrial and land, and is a single-tenant space. This prime location offers excellent potential for a variety of commercial uses. Further details are available upon request.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1949
Construction
FRAME
Total area
6,752 SF
Lot
0.38 ac (16,479 SF)
Zoning code
RB
APN
33-034-172.0-003.00
UPID
US73-0732945
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mm&r Properties LLC
Mm&r Properties LLC
since 2025
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
RB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
$4,374
Tax year 2023
Assessed value
$169,100
Assessed 2024
Previous assessed
$169,100
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$59,300
Assessed improvement
$109,800
Land market value
$59,300
Improvement market value
$109,800
Total market value
$169,100
Applied tax rate
33.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1949
Construction
FRAME
Heating
NONE
Stories
5
Total area
6,752 SF
Lot
0.38 ac (16,479 SF)
Zoning code
RB
APN
33-034-172.0-003.00
UPID
US73-0732945
Jurisdiction
ERIE
Zoning & alternative use
RB · Erie, PA
Zoning RB · permitted uses
RB · 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.
Building & site characteristics
From public records
Year built
1949
Construction
FRAME
Heating
NONE
Stories
5
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mm&r Properties LLC
Entity
Mailing address
2800 W 21ST ST, ERIE, PA 16506-2980
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$215,000
Mm&r Properties LLC
Tkj Associates LLC
Warranty Deed
—
Jun 25, 2025
$565,000
Tkj & Associates LLC
Walker Real Estate Erie LLC
Special Warranty Deed
$480,250 · First National Bank Of Pennsylvania
Aug 16, 2021
$225,000
Walker Real Estate Erie LLC
Marla A Bell
Special Warranty Deed
—
Jun 26, 2019
—
Maria A Bell
Bell D J & M A F/tr
Quit Claim Deed
related
—
Oct 4, 2018
—
Bell,j David & Marla A F Trust
—
Deed
related
$50,000 · Eriebank
Feb 14, 2018
—
Bell,j David & Marla A Trust
Bell,j David & Marla A
Quit Claim Deed
related
—
—
—
John D Bell
—
Deed Of Trust
related
$15,000 · Eriebank
—
—
J David Bell
—
Deed Of Trust
related
$29,400 · Eriebank
—
—
Bell J D
—
Deed Of Trust
related
$75,000 · National City Bank Pennsylvani
—
—
Bell J D
—
Deed Of Trust
related
$155,000 · National City Bank Pennsylvani
—
—
Bell J D
—
Deed Of Trust
related
$165,000 · Mellon Bank
—
—
Erie Drivetrain INC
—
Deed Of Trust
related
$100,000 · Northwest Pennsylvania Regiona
—
—
Bell J D
—
Deed Of Trust
related
$127,600 · National City Bank Pennsylvani
—
—
J David
—
Deed Of Trust
related
$31,100 · Eriebank
—
—
Bell,j David & Marla A F Trust
—
Deed Of Trust
related
$50,000 · 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.
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