Individually Owned Property summary
AI-generated overview
3175 Millersport Hwy comprises a two-story, frame commercial building of 2,885 square feet on a 0.52-acre parcel. The property has historically been used as a restaurant; however, the parcel’s zoning designation is R-3, with restaurant use potentially impacted by zoning/grandfathering status. The listing also referenced two adjacent parcels under single ownership/control: 3177 Millersport (0.23 acres) and 3179 Millersport (2 acres). All three contiguous properties are zoned R-3, and the combined site is configured to support residential development potential, including apartment uses.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1936
Total area
2,285 SF
Lot
0.51 ac (22,216 SF)
APN
142289 41.08-5-8
UPID
US63-3875980
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
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
since 2021
Last sale
$155,000
4 recorded transactions
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.
All 15 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$190k
Value range
$171k – $209k
±10% around blend
Estimated value / SF
$83 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$171k
blend $190k
$209k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,285 SF
Lot area
0.51 ac
Year built
1936
Stories
2
APN
142289 41.08-5-8
Assessed value
$155,000
Annual tax
$4,521
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$239k
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.8 mi away · 2,028 SF
6.3 mi away · 2,293 SF
6.4 mi away · 1,838 SF
7.1 mi away · 2,100 SF
7.6 mi away · 1,952 SF
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
County 1188 sales
$83
+0%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $83/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
Not available
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
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$155k
Move the market yield to see immediate price impact.
Value / SF
$68
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%
$10k
$195k
$140k
$109k
$11k
$217k
$155k
$121k
$12k
$239k
$170k
$133k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$350k
3.8 mi · Dec 2025 · $163/SF
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$4,521
Tax year 2019
Assessed value
$155,000
Assessed 2023
Previous assessed
$155,000
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$62,000
Assessed improvement
$93,000
Land market value
$100,000
Improvement market value
$150,000
Total market value
$250,000
Applied tax rate
142,203.0000
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
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1936
Heating
NONE
Buildings
1
Stories
2
Total area
2,285 SF
Lot
0.51 ac (22,216 SF)
APN
142289 41.08-5-8
UPID
US63-3875980
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1936
Heating
NONE
Stories
2
Buildings
1
Lot
0.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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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