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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
3451 Talley Rd Erie, PA 16509-4267
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0864385
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
13,380 SF
Lot
3 ac (130,593 SF)
Zoning code
R2
APN
31-004-034.0-001.03
UPID
US73-0864385
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
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Fairview Storage LLC · 5 yrs held
Fairview Storage LLC
since 2021
Last sale
$759,750
6 recorded transactions
Zoning & alternative use
R2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+122.8%
Restaurant
$1.1M
+122.7%
Retail stores
$1.1M
+122.1%
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
$645,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
OFFICE BUILDING
$1,100,000
Change: +123% · Conversion: Difficult
RESTAURANT
$1,100,000
Change: +123% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +122% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,090,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +88% · Conversion: Easy
COMMERCIAL (GENERAL)
$590,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$455,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $760k (Jul 16 2021)
Last sale anchor
$760k
Jul 16 2021
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
$52 / 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
$5,279
Tax year 2023
Assessed value
$246,700
Assessed 2024
Previous assessed
$246,700
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$62,900
Assessed improvement
$183,800
Land market value
$62,900
Improvement market value
$183,800
Total market value
$246,700
Applied tax rate
31.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
NONE
Stories
4
Total area
13,380 SF
Lot
3 ac (130,593 SF)
Zoning code
R2
APN
31-004-034.0-001.03
UPID
US73-0864385
Jurisdiction
ERIE
Zoning & alternative use
R2 · Erie, PA
Zoning R2 · permitted uses
R2 · 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
WAREHOUSE, STORAGE Current
Est. value
$495,000
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$590,000
INDUSTRIAL (GENERAL)
Est. value
$455,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2003
Heating
NONE
Stories
4
Lot
3 ac
Current owner
From public records · entity-resolved
Fairview Storage LLC
Entity
Mailing address
228 PARK AVE S, NEW YORK, NY 10003-1502
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
$759,750
Fairview Storage LLC
Craig D Eisenfelder LLC
Warranty Deed
$500,000 · Craig Melinda Etux
Oct 25, 2016
—
Craig D Eisenfelder LLC
—
Deed
related
$249,500 · Cnb Bk
Jun 5, 2009
$240,000
Craig D Eisenfelder LLC
Laughlin,james J
Grant Deed
$315,000 · Eriebank
Jan 21, 2005
$50,000
James J Laughlin
Laughlin,james J
Grant Deed
related
—
—
—
Craig,d Eisenfelder LLC
—
Deed Of Trust
related
$1,600,000 · Eriebank
—
—
Craig D Eisenfelder LLC
—
Deed Of Trust
related
$249,500 · Cnb Bk
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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