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Property profile & analytics
OFF-MARKET
Estimated value
$6,020,000
Manufacturing properties
3106 Mccain Ave Erie, PA 16510-2558
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5888023
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Total area
150,589 SF
Lot
20.93 ac (911,798 SF)
Zoning code
M1
APN
18-051-029.0-100.00
UPID
US73-5888023
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
-
Team Hardinger Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.88M
Blend (final)
Blend
$6.02M
Owner & transaction history
5a Realty LLC · 1 yrs held
5a Realty LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+29.3%
Warehouse, storage
$5.6M
+8.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,120,000
Current use
COMMERCIAL (GENERAL)
$6,620,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,565,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$6.02M
Range $5.42M – $6.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
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
$137,102
Tax year 2023
Assessed value
$3,603,900
Assessed 2024
Previous assessed
$3,603,900
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$475,200
Assessed improvement
$3,128,700
Land market value
$475,200
Improvement market value
$3,128,700
Total market value
$3,603,900
Applied tax rate
18.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Heating
NONE
Stories
2
Total area
150,589 SF
Lot
20.93 ac (911,798 SF)
Zoning code
M1
APN
18-051-029.0-100.00
UPID
US73-5888023
Jurisdiction
ERIE
Zoning & alternative use
M1 · Erie, PA
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$5.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
2
Lot
20.93 ac
Current owner
From public records · entity-resolved
5a Realty LLC
Entity
Mailing address
1314 W 18TH ST, ERIE, PA 16502-1517
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
5a Realty LLC
4a Realty LLC
Deed
$1,200,000 · Key Bank NA
Feb 28, 2020
—
4a Realty LLC
—
Deed
related
$9,354,000 · Keybank USA
Nov 21, 2019
—
4a Realty LLC
—
Loan Modification
related
$15,090,000 · Keybank USA
Dec 18, 2015
$5,510,544
4a Realty LLC
Realty Ptshp Schaal
Trustees Deed
$14,100,000 · * Other Institutional Lenders
Jan 12, 2007
—
Eidco INC
Schvaro Realty
Quit Claim Deed
—
Jul 5, 2006
—
Schvaro Realty Co
Schaal,william A
Quit Claim Deed
related
—
Jan 30, 2004
—
Edico INC
Schvaro Realty Co
Grant Deed
$1,430,352 · Pennsylvania Industrial Dev Au
Jul 31, 2002
$3,300,000
Schvaro Realty Co
R M Kerner Co
Grant Deed
—
Jul 31, 2002
—
R M Kerner Co
Eidco INC
Grant Deed
related
—
—
—
4a Realty LLC
—
Deed Of Trust
related
$9,354,000 · Keybank USA
—
—
Schvaro Realty Co
—
Deed Of Trust
related
$1,400,000 · First National Bank Pa
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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