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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Manufacturing properties
380 Bayfront Pkwy, Erie, PA 16507-2408
Individually Owned
9-yr Hold
Free & Clear
Property ID
US73-2418176
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Total area
70,256 SF
Lot
6 ac (261,360 SF)
Zoning code
WM
APN
14-010-047.0-113.00
UPID
US73-2418176
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
-
Sean T. Carroll, DO Physician
-
Rick A Fornelli, MD Physician
-
Enivronmental Reclamation Services Recycling Center Waste Management Facility
-
UPMC Health Plan Operations Center Medical Clinic
-
UPMC Bayfront Ear, Nose, and Throat Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$3.31M
Owner & transaction history
Upmc Hamot · 9 yrs held
Upmc Hamot
since 2017
7 recorded transactions
Zoning & alternative use
WM · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+104.2%
Commercial (general)
$3.1M
+29.3%
Warehouse, storage
$2.6M
+8.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,390,000
Current use
AUTO REPAIR, GARAGE
$4,880,000
Change: +104% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,090,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,595,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±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
$47 / 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
Assessed value
$2,835,175
Assessed 2024
Previous assessed
$2,835,175
+0.0% YoY
Assessed land
$762,300
Assessed improvement
$2,072,875
Land market value
$762,300
Improvement market value
$2,072,875
Total market value
$2,835,175
Applied tax rate
14.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
3
Total area
70,256 SF
Lot
6 ac (261,360 SF)
Zoning code
WM
APN
14-010-047.0-113.00
UPID
US73-2418176
Jurisdiction
ERIE
Zoning & alternative use
WM · Erie, PA
Zoning WM · permitted uses
WM · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Heating
NONE
Stories
3
Lot
6 ac
Current owner
From public records · entity-resolved
Upmc Hamot
Individual
Free & Clear · 9 yrs held
Mailing address
201 STATE ST, ERIE, PA 16550-0002
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2017
$2,975,000
Upmc Hamot
Steffens,david W
Grant Deed
—
Mar 16, 2011
—
David W Steffens
—
Deed Of Trust
related
$1,800,000 · Northwest Savings Bank
Jan 28, 2010
—
David W Steffens
Daidone-steffens INC
Quit Claim Deed
related
—
Feb 24, 2005
—
Environmental Reclamation Svcs
Greater Erie Indl Dev Corp
Grant Deed
$970,000 · Pennsylvania Ind'l Dev Auth
Jan 10, 2005
—
Environmental Reclamation Svcs
Environmental Reclamation Svcs
Quit Claim Deed
related
—
Nov 17, 2004
—
Environmental Reclamation Svcs
—
Trustees Deed
related
$350,000 · Redevelopment Authority Erie
Nov 5, 2004
$154,900
Environmental Reclamation Svcs
Erie-wstn Pennsylvania Port Au
Grant Deed
$970,000 · Pnc Bank
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.
Try Rey
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