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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Automotive properties
3900 Depot Rd Erie, PA 16510-5909
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0205478
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2000
Total area
35,756 SF
Lot
6.11 ac (266,152 SF)
Zoning code
I
APN
27-064-211.0-013.02
UPID
US73-0205478
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
-
POVOD NOTARY Law Firm
-
M&K Truck Centers, Erie Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.04M
Owner & transaction history
M & M Truck Center Of Erie LLC · 4 yrs held
M & M Truck Center Of Erie LLC
since 2022
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
I · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+18.5%
Restaurant
$2.9M
+18.4%
Retail stores
$2.9M
+18.1%
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
$3,055,000
ML approach
$2,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,485,000
Current use
OFFICE BUILDING
$2,945,000
Change: +19% · Conversion: Difficult
RESTAURANT
$2,940,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$2,935,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,920,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $2.75M (Mar 4 2022)
Last sale anchor
$2.75M
Mar 4 2022
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
$85 / 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
$68,830
Tax year 2023
Assessed value
$2,612,500
Assessed 2024
Previous assessed
$2,612,500
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$320,800
Assessed improvement
$2,291,700
Land market value
$320,800
Improvement market value
$2,291,700
Total market value
$2,612,500
Applied tax rate
27.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2000
Heating
NONE
Stories
3
Total area
35,756 SF
Lot
6.11 ac (266,152 SF)
Zoning code
I
APN
27-064-211.0-013.02
UPID
US73-0205478
Jurisdiction
ERIE
Zoning & alternative use
I · Erie, PAZoning I · permitted uses
I · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
NONE
Stories
3
Lot
6.11 ac
Current owner
From public records · entity-resolved
M & M Truck Center Of Erie LLC
Entity
Mailing address
580 GOLDCOAST CT, MARCO ISLAND, FL 34145-3815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 4, 2022
—
M & M Truck Center Of Erie LLC
Cottage Real Estate LLC
Deed
—
Jan 14, 2015
$2,750,000
Cottage Real Estate LLC
John P Niebauer JR
Deed
$4,311,000 · Regional Development Funding Corp
Apr 4, 2007
$2,900,000
John P Niebauer JR.
Rw Sidley INC
Grant Deed
$2,900,000 · R W Sidley INC
—
—
John P Niebauer JR.
—
Deed Of Trust
related
$3,920,000 · Ameriserv Financial 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.
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