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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Garden apartment buildings
3713 Sterrettania Rd, Erie, PA 16506-2828
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0812482
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2013
Construction
FRAME
Total area
3,558 SF
Lot
0.95 ac (41,382 SF)
Zoning code
BB
APN
33-067-341.0-021.00
UPID
US73-0812482
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Millcreek Property Holdings LP · 5 yrs held
Millcreek Property Holdings LP
since 2021
Last sale
$1.7M
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
Method
Estimation
Statistic approach
$1,415,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.66M (Apr 7 2021)
Last sale anchor
$1.66M
Apr 7 2021
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
$434 / 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
$34,991
Tax year 2023
Assessed value
$1,352,868
Assessed 2024
Previous assessed
$1,352,868
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$82,800
Assessed improvement
$1,270,068
Land market value
$82,800
Improvement market value
$1,270,068
Total market value
$1,352,868
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
NONE
Buildings
3
Stories
3
Total area
3,558 SF
Lot
0.95 ac (41,382 SF)
Zoning code
BB
APN
33-067-341.0-021.00
UPID
US73-0812482
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
2013
Construction
FRAME
Heating
NONE
Stories
3
Buildings
3
Lot
0.95 ac
Current owner
From public records · entity-resolved
Millcreek Property Holdings LP
Entity
Mailing address
532 W 8TH ST, ERIE, PA 16502-1343
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
Apr 7, 2021
$1,662,000
Millcreek Property Holdings LP
Colorado West Eighth INC
Special Warranty Deed
$3,209,000 · Sabal Capital II LLC
May 10, 2019
$1,012,000
Colorado West-eighth INC
Baldwin David J
Grant Deed
—
Sep 30, 2011
$67,900
David J Baldwin
Wedzik William Trust
Warranty Deed
—
—
—
David J Baldwin
—
Deed Of Trust
related
$1,166,250 · Eriebank
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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