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Property profile & analytics
OFF-MARKET
Hotels
3663 12th St Erie, PA 16505-3541
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0633805
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1950
Construction
WOOD
Total area
2,502 SF
Lot
1.01 ac (43,996 SF)
Zoning code
BB
APN
33-027-165.0-009.00
UPID
US73-0633805
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
-
Driftwood Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ecre LLC · 4 yrs held
Ecre LLC
since 2021
Last sale
$321,000
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,026
Tax year 2023
Assessed value
$310,300
Assessed 2024
Previous assessed
$310,300
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$148,500
Assessed improvement
$161,800
Land market value
$148,500
Improvement market value
$161,800
Total market value
$310,300
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Total area
2,502 SF
Lot
1.01 ac (43,996 SF)
Zoning code
BB
APN
33-027-165.0-009.00
UPID
US73-0633805
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PAZoning BB · permitted uses
BB · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ecre LLC
Entity
Mailing address
4021 W 12TH ST, ERIE, PA 16505-3357
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Ecre LLC
—
Deed
related
$100,000 · Cnb Bank
Dec 30, 2021
$321,000
Ecre LLC
3663 LLC
Warranty Deed
$371,632 · Eriebank
Jan 10, 2003
—
263 LLC Legal Liability
Loew,william
Grant Deed
related
—
—
—
William E Loew
—
Deed Of Trust
related
$170,000 · National City Bank Pennsylvani
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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