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Property profile & analytics
OFF-MARKET Estimated value $1,420,000
Assisted living facilities

4114 Schaper Ave Erie, PA 16508-3350

48,090 SF 5.41 ac lot Built 1978
Entity Owned 10-yr Hold Free & Clear
Property ID
US73-1953947
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1978
Construction FRAME
Total area 48,090 SF
Lot 5.41 ac (235,790 SF)
Zoning code RLB
APN 19-061-066.0-124.00
UPID US73-1953947
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
  • Karl Falk Alternative Medicine Practice Physician
  • LECOM Health Nursing and Rehabilitation Center Rehabilitation Center Nursing Home
  • Rachael Arkwright Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$1.42M
Owner & transaction history
Lecom At Presque Isle INC · 10 yrs held
Lecom At Presque Isle INC
since 2016
6 recorded transactions
2016
$15.8M
2010
$2.7M
2010
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally located in the developed areas along major thoroughfares or adjacent to commercial or manufacturing districts. 202.3. Commercial districts. Districts designated for commercial use are more restrictive in outlying residential…

Zone name Residential Limited Business
General category INDUSTRIAL
Zone area 792.40 ac
Top alternative use upside
Apartment house (5+ units) $2.1M +41.4%
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