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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Skating rinks
3515 Mcclelland Ave Erie, PA 16510-2650
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-1486373
Property profile
Verified
Property type
Skating rinks
Use group
SKATING RINK, ICE SKATING, ROLLER SKATING
Year built
1972
Construction
FRAME
Total area
25,915 SF
Lot
1.67 ac (72,789 SF)
Zoning code
M1
APN
18-051-073.0-101.00
UPID
US73-1486373
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
-
Flying Monkey Inflata-Park Arcade & Gaming Center Family Recreation Center
-
Presque Isle Pickleball Gym & Fitness Center Sports Field & Court
-
FITKIDS CHILDCARE Daycare Center
-
Crazy Monkey Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$484k
Blend (final)
Blend
$545k
Owner & transaction history
Ice Property LLC · 18 yrs held
Ice Property LLC
since 2008
7 recorded transactions
Zoning & alternative use
M1 · 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$850,000
Current use
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$21 / 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
$28,532
Tax year 2023
Assessed value
$750,000
Assessed 2024
Previous assessed
$750,000
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$218,400
Assessed improvement
$531,600
Land market value
$218,400
Improvement market value
$531,600
Total market value
$750,000
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
Skating rinks
Use group
SKATING RINK, ICE SKATING, ROLLER SKATING
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
NONE
Stories
2
Total area
25,915 SF
Lot
1.67 ac (72,789 SF)
Zoning code
M1
APN
18-051-073.0-101.00
UPID
US73-1486373
Jurisdiction
ERIE
Zoning & alternative use
M1 · Erie, PAZoning M1 · permitted uses
M1 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$850,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
1972
Construction
FRAME
Heating
NONE
Stories
2
Lot
1.67 ac
Current owner
From public records · entity-resolved
Ice Property LLC
Entity
Mailing address
4934 PEACH ST, ERIE, PA 16509-2043
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
—
Ice Property LLC
—
Deed
related
$225,000 · Allen F Hawthrone
Oct 9, 2019
—
Ice Property LLC
—
Deed
related
$163,000 · Miscellaneous Govt Agcy
Dec 8, 2017
—
Ice Property LLC
—
Deed
related
$790,000 · Eriebank
Jul 22, 2008
$800,000
Ice Property LLC
Lagace,pierre R & Pamela
Warranty Deed
$548,500 · Northwest Savings Bank
—
—
Ice Property LLC
—
Deed Of Trust
related
$300,000 · Northwest Svgs Bk
—
—
Ice Property LLC
—
Deed Of Trust
related
$163,000 · Miscellaneous Govt Agcy
—
—
Richard A Michall
—
Deed Of Trust
related
$68,164 · Pnc Bank
—
—
Ice Property LLC
—
Deed Of Trust
related
$790,000 · Eriebank
—
—
Ice Property LLC
—
Deed Of Trust
related
$30,000 · Pierre Legace
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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