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Property profile & analytics
FOR SALE
Turn key restaurants
3505 W 26Th St Erie, PA 16506
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2370103
For Sale
1 / 33
$699,900
3505 W 26Th St, Erie, PA 16506
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1984
Construction
FRAME
Total area
3,471 SF
Lot
0.77 ac (33,711 SF)
Zoning code
BB
APN
33-069-256.0-027.00
UPID
US73-2370103
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
-
Dairy Queen Restaurant Take-out & Catering
-
Casa Café Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
El Amlgo Mexican Grill INC · 2 yrs held
El Amlgo Mexican Grill INC
since 2023
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
BB · 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
$500,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $510k (Jul 19 2023)
Last sale anchor
$510k
Jul 19 2023
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
$147 / 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
$10,118
Tax year 2023
Assessed value
$391,200
Assessed 2024
Previous assessed
$391,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$151,700
Assessed improvement
$239,500
Land market value
$151,700
Improvement market value
$239,500
Total market value
$391,200
Applied tax rate
33.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1984
Construction
FRAME
Heating
NONE
Stories
1
Total area
3,471 SF
Lot
0.77 ac (33,711 SF)
Zoning code
BB
APN
33-069-256.0-027.00
UPID
US73-2370103
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PA
Zoning BB · permitted uses
BB · 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.
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
El Amlgo Mexican Grill INC
Entity
Mailing address
1121 ARIS DR, ERIE, PA 16505-1211
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
$510,000
El Amlgo Mexican Grill INC
Jack R Holland JR
Deed
$408,000 · Northwest Bank
Jan 25, 2023
—
Jack R Holland JR
—
Deed
related
$126,000 · Eriebank
Oct 4, 2016
—
Jack R Holland JR
—
Deed
related
$25,000 · Eriebank
—
—
Jack R Holland
—
Deed Of Trust
related
$197,000 · Citizens Bank Pennsylvania
—
—
Jack R Holland JR
—
Deed Of Trust
related
$50,000 · Cnb Bk
—
—
Jack R Holland
—
Deed Of Trust
related
$75,000 · Citizens Bank Pennsylvania
—
—
Jack R Holland JR
—
Loan Modification
related
$25,000 · Eriebank
—
—
Jack R Holland JR.
—
Deed Of Trust
related
$375,000 · Eriebank
—
—
Holland,jack R JR & Kathleen G
—
Deed Of Trust
related
$10,000 · Eriebank
—
—
Jack R Holland JR.
—
Deed Of Trust
related
—
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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