Entity Owned 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
since 2025
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
RB · Erie, PA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$190k
Value range
$171k – $209k
±10% around blend
Estimated value / SF
$28 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$171k
blend $190k
$209k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,752 SF
Lot area
0.38 ac
Year built
1949
Stories
5
APN
33-034-172.0-003.00
Zoning
RB
Assessed value
$169,100
Annual tax
$4,374
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$190k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 49 sales
$69
-59%
County 68 sales
$71
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $28/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$565k
Move the market yield to see immediate price impact.
Value / SF
$84
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$36k
$712k
$508k
$396k
$40k
$791k
$565k
$439k
$44k
$870k
$621k
$483k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, PAZoning RB · permitted uses
RB · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1949
Construction
FRAME
Heating
NONE
Stories
5
Lot
0.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RB
Jurisdiction
Erie, PA
Recorded code
RB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RB in Erie, PA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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