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Financial
Distress signals
Property profile

3711 12Th St Erie, PA 16505

FOR LEASE
Office buildings
Property ID
US73-1250149
14,260 SF 0.94 ac lot Built 1965
Last sale Aug 2022 · $335,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
3711 12Th St, Erie, PA 16505 For Lease
$20 SF/Yr 15,400 SF available
3711 12Th St, Erie, PA 16505
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$300k
Assessed land$185k
Assessed improvement$115k
Effective rate2.59%

Value estimate

· Oct 2026
$370k
$333k – $407k
AI approach$350k
NOI build-up
Gross scheduled income$347k
Vacancy & credit loss−$79k
Operating expenses−$67k
NOI · 1,008,400.00% cap applied$202k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$39 – $145

Cap rate analysis

How does the asset earn?
1,008,400.00%
$202k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BB
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.3
Parking Facility11.4
Pharmacy10.8

Location

3711 12Th St Erie, PA 16505
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3854 20th, Erie, PA 16505-3340 $78,000 Sep 2024 1,825 SF
3800 12th, Erie, PA 16505-3380 $785,000 Nov 2019 14,860 SF
4656 12th, Erie, PA 16505-3008 $900,000 Oct 2019 7,427 SF
3250 Lk, Erie, PA 16505-3691 $725,000 May 2019 8,972 SF
4021 12th, Erie, PA 16505-3357 $395,000 Dec 2018 8,188 SF
2741 8th, Erie, PA 16505-4035 $750,000 Dec 2018 5,340 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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