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Property profile & analytics
OFF-MARKET
Schools
302 Myrtle St Erie, PA 16507-1321
Entity Owned
~
Est. High Equity
Property ID
US73-1900151
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1867
Construction
FRAME
Total area
2,160 SF
Lot
0.06 ac (2,740 SF)
Zoning code
R3
APN
17-040-012.0-106.00
UPID
US73-1900151
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
West Bayview LLC
West Bayview LLC
since 2025
Last sale
$130,000
5 recorded transactions
Zoning & alternative use
R3 · 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
$2,435
Tax year 2023
Assessed value
$64,000
Assessed 2024
Previous assessed
$64,000
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$7,200
Assessed improvement
$56,800
Land market value
$7,200
Improvement market value
$56,800
Total market value
$64,000
Applied tax rate
17.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1867
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
8
Bathrooms
1
Total area
2,160 SF
Lot
0.06 ac (2,740 SF)
Zoning code
R3
APN
17-040-012.0-106.00
UPID
US73-1900151
Jurisdiction
ERIE
Zoning & alternative use
R3 · Erie, PA
Zoning R3 · permitted uses
R3 · 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
1867
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
8
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
West Bayview LLC
Entity
Mailing address
109 UNIVERSITY SQ, ERIE, PA 16541-0002
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
$130,000
West Bayview LLC
Gannon University
Deed
—
Nov 20, 2015
—
Bauer Properties LLC
Phanco Virginia M
Quit Claim Deed
related
—
Nov 19, 2015
$100,000
Gannon University
Bauer Properties LLC
Grant Deed
—
Mar 12, 2009
$6,792
Bauer Properties LLC
Phanco,keith R & Virginia M
Quit Claim Deed
related
—
—
—
Bauer Properties LLC
—
Deed Of Trust
related
$75,000 · Northwest Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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