Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3125 Brandes St Erie, PA 16504-1477
    Back to Search
    Property profile & analytics

    3125 Brandes St, Erie, PA 16504-1477

    View on Map
    • Warehouses
    • 15,940 SF
    • 0.66 lot acres
    Off-Market
    Last Sale May 25, 2022
    $300,000
    Property ID
    US73-2644103
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keystone Electric Construction / Construction Company / General Contractor

    Property Details for 3125 Brandes St

    Year built
    1956
    Construction
    FRAME
    Lot size
    0.66 lot acres
    Zone code
    R1
    Property type
    Warehouses
    APN
    18-050-046.0-211.00
    APU
    18050046021100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 25, 2022 — Tjs Brandes St Properites LLC Tjs Brandes St Properits LLC Intrafamily Transfer · related —
    Nov 30, 2004 $300,000 Northeast Ohio Electric LLC 3125 Realty Grant Deed $300k · National City Bank
    — — Darryl L Wassel — Deed Of Trust · related $230k · First National Bank Pa

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0435
    Latitude
    42.1174
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,467
    $70,000
    $100,000
    $170,000
    -
    $70,000
    $100,000
    $170,000

    Comparable in this City

    • Value Estimation by Request
      14,626 SF

      1406 28th St

      WAREHOUSE, STORAGE
      1406 28th St, Erie, PA 16504-2946
      View Details
    • Value Estimation by Request
      1,351 SF

      3030 Pne Ave

      WAREHOUSE, STORAGE
      3030 Pne Ave, Erie, PA 16504-1176
      View Details
    • Value Estimation by Request
      5,165 SF

      2817 Pne Ave

      WAREHOUSE, STORAGE
      2817 Pne Ave, Erie, PA 16504-1151
      View Details
    • Value Estimation
      $930,000
      21,975 SF

      2611 French St

      WAREHOUSE, STORAGE
      2611 French St, Erie, PA 16504
      View Details
    • Value Estimation by Request
      375 SF

      4115 Old French Rd

      WAREHOUSE, STORAGE
      4115 Old French Rd, Erie, PA 16504-2033
      View Details
    • Value Estimation by Request
      2,310 SF

      155 31st St

      WAREHOUSE, STORAGE
      155 31st St, Erie, PA 16504-1059
      View Details

    Similar Nearby for Sale

    • New
      $134,900
      4,585 SF

      Erie Four-Unit Income Property

      Well-maintained four-unit property with off-street parking and garage.
      2624 Parade St, Erie, PA 16504
      View Details
    • $39,900
      0.17 Acres

      Residential Lot in Erie, PA

      Residential lot available in Erie, PA, Belle Valley school district.
      E Arlington Rd, Erie, PA 16504
      View Details
    • Contact for pricing
      0.15 Acres

      Erie, PA Vacant Land

      Vacant lot ready for development with utilities available.
      Burton Ave, Erie, PA 16504
      View Details
    • Contact for pricing
      0.11 Acres

      Vacant Lot in Erie, PA

      Vacant commercial land with utilities available in Erie, PA.
      Conrad Hghts St, Erie, PA 16504
      View Details
    • Contact for pricing
      2,888 SF

      Versatile Commercial Property For Sale

      Commercial property with two bathrooms, heating, air conditioning, and parking.
      602 East 26Th St, Erie, PA 16504
      View Details
    • New
      $499,000
      3,072 SF

      Versatile Commercial Space in Erie, PA

      High-visibility commercial space suitable for office, medical, or retail use.
      1009 E 38Th St, Erie, PA 16504
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      850 SF

      Erie Commercial Space with Overhead

      850 sqft flex space with two overhead doors.
      141 E 26Th St, Erie, PA 16504
      View Details
    • $12 SF/Yr
      575 SF

      Erie Commercial Garage Space Available

      575 SF garage space ideal for storage, manufacturing, distribution.
      141 E 26Th St, Erie, PA 16504
      View Details
    • $6 SF/Yr
      1,700 SF

      Erie Flex Space Available

      1,700 SF flex space in gated commercial complex.
      141 E 26Th St, Erie, PA 16504
      View Details
    • $19 SF/Yr
      250 SF

      Erie Office Suites For Rent

      Office and flex spaces available in a gated commercial complex.
      141 E 26Th St, Erie, PA 16504
      View Details
    • Contact for pricing
      5,478 SF

      Erie Retail Space Available

      Retail or office space with strong visibility and ample parking.
      1523 E 38Th St, Erie, PA 16504
      View Details
    • $14 SF/Yr
      Pending

      Erie Retail/Restaurant Space Available

      High-traffic location suitable for retail or restaurant uses.
      861 E 38Th St, Erie, PA 16504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3125 Brandes St
    Erie, PA 16504-1477
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3125 Brandes St, Erie, PA, 16504
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!