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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Medical Office Space
350 Bayfront Pkwy Erie, PA 16507-2410
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-2564932
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
FRAME
Total area
15,440 SF
Lot
2.41 ac (104,980 SF)
Zoning code
WM
APN
14-010-047.0-111.00
UPID
US73-2564932
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
-
Bayview Nephrology Inc Medical Clinic
-
ACL - Associated Clinical Laboratories Bayfront PSC Medical Laboratory Diagnostic Center
-
Asim Ranjan Singh, MD Physician Medical Clinic
-
Emmanuelle Cordero Torres Physician
-
Karim Bitar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.71M
Owner & transaction history
302 Associates Realty Ptshp · 22 yrs held
302 Associates Realty Ptshp
since 2003
3 recorded transactions
Zoning & alternative use
WM · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+63.6%
Office building
$1.4M
+42.5%
Restaurant
$1.3M
+37.4%
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
RETAIL STORES
$1,590,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$1,385,000
Change: +43% · Conversion: Easy
RESTAURANT
$1,335,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,240,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±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
$111 / 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
$72,487
Tax year 2023
Assessed value
$1,905,400
Assessed 2024
Previous assessed
$1,905,400
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$527,700
Assessed improvement
$1,377,700
Land market value
$527,700
Improvement market value
$1,377,700
Total market value
$1,905,400
Applied tax rate
14.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
NONE
Stories
1
Total area
15,440 SF
Lot
2.41 ac (104,980 SF)
Zoning code
WM
APN
14-010-047.0-111.00
UPID
US73-2564932
Jurisdiction
ERIE
Zoning & alternative use
WM · Erie, PA
Zoning WM · permitted uses
WM · 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
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
302 Associates Realty Ptshp
Entity
Mailing address
350 E BAYFRONT PKWY, ERIE, PA 16507-2410
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2003
$125,000
302 Associates Realty Ptshp
Erie-western Pa Port Authority
Grant Deed
$2,368,055 · Pnc Bank
—
—
302 Associates Realty Ptshp
—
Deed Of Trust
related
$250,000 · First National Bank Pa
—
—
302 Associates Realty Ptshp
—
Deed Of Trust
related
$55,191 · Pnc 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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