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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
4108 Zuck Rd, Erie, PA 16506-4539
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3922599
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
FRAME
Total area
8,412 SF
Lot
1.19 ac (51,749 SF)
Zoning code
AR
APN
33-081-416.0-007.01
UPID
US73-3922599
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
-
Roman Bojewski Medical Clinic
-
Kelly Sakoian, CRNP, DNP Pediatrician Physician
-
Matthew Steven Heitzenrater, DO Pediatrician Physician
-
Kailey Elizabeth Tarbell, CRNP Pediatrician Physician
-
UPMC Lakefront Primary Care Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$575k
Owner & transaction history
John C Jageman · 20 yrs held
John C Jageman
since 2005
4 recorded transactions
Zoning & alternative use
AR · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$895,000
+29.5%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +30% · Conversion: Easy
RESTAURANT
$690,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$690,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$585,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$68 / 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
$21,731
Tax year 2023
Assessed value
$840,200
Assessed 2024
Previous assessed
$840,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$95,000
Assessed improvement
$745,200
Land market value
$95,000
Improvement market value
$745,200
Total market value
$840,200
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
NONE
Stories
2
Total area
8,412 SF
Lot
1.19 ac (51,749 SF)
Zoning code
AR
APN
33-081-416.0-007.01
UPID
US73-3922599
Jurisdiction
ERIE
Zoning & alternative use
AR · Erie, PA
Zoning AR · permitted uses
AR · 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
OFFICE BUILDING Current
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
RESTAURANT
Est. value
$690,000
RETAIL STORES
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$585,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2009
Construction
FRAME
Heating
NONE
Stories
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
John C Jageman
Individual
Mailing address
6002 BOXWOOD DR, FAIRVIEW, PA 16415-3220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Oct 28, 2008
—
John C Jageman
—
Grant Deed
related
$1,400,000 · Pnc Bank
Dec 9, 2005
—
John C Jageman
Jageman,john C
Quit Claim Deed
related
—
—
—
John C Jageman
—
Deed Of Trust
related
$77,467 · Pnc Bank
—
—
John C Jageman
—
Deed Of Trust
related
$49,935 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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