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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office buildings
3205 Peach St, Erie, PA 16508-2735
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-5974417
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Construction
FRAME
Total area
5,994 SF
Lot
0.8 ac (34,704 SF)
Zoning code
RLB
APN
18-053-029.0-113.00
UPID
US73-5974417
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
-
Zaphiris John Insurance Agency
-
Dr. Wilfred Weber, DDS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$755k
Owner & transaction history
Zaphiris Family LP · 10 yrs held
Zaphiris Family LP
since 2015
5 recorded transactions
Zoning & alternative use
RLB · 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
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
OFFICE BUILDING
$495,000
Current use
RESTAURANT
$495,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$490,000
Change: 0% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$490,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$126 / 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
$32,519
Tax year 2023
Assessed value
$854,800
Assessed 2024
Previous assessed
$854,800
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$277,600
Assessed improvement
$577,200
Land market value
$277,600
Improvement market value
$577,200
Total market value
$854,800
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
NONE
Buildings
2
Stories
3
Total area
5,994 SF
Lot
0.8 ac (34,704 SF)
Zoning code
RLB
APN
18-053-029.0-113.00
UPID
US73-5974417
Jurisdiction
ERIE
Zoning & alternative use
RLB · Erie, PA
Zoning RLB · permitted uses
RLB · 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
OFFICE BUILDING Current
Est. value
$495,000
RESTAURANT
Est. value
$495,000
RETAIL STORES
Est. value
$490,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$490,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
FRAME
Heating
NONE
Stories
3
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Zaphiris Family LP
Entity
Mailing address
3205 PEACH ST, ERIE, PA 16508-2735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
May 22, 2017
—
Zaphiris Family LP
—
Grant Deed
related
$2,000,000 · Eriebank
Oct 5, 2015
—
Zaphiris Family LP
Zaphiris Family LP
Intrafamily Transfer
related
—
Jan 13, 2011
—
Zaphiris Family LP
—
Deed Of Trust
related
$1,070,000 · Citizens Bank Pennsylvania
Aug 22, 2003
—
Peter J Zaphiris
—
Deed Of Trust
related
$1,750,000 · First National Bank Pa
—
—
Peter J Zaphiris
—
Deed Of Trust
related
$120,000 · Sky 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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