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Property profile & analytics
OFF-MARKET
Estimated value
$9,290,000
Medical Office Space
4247 Rdg Rd, Erie, PA 16506-1746
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1463938
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
WOOD FRAME
Total area
39,948 SF
Lot
5.02 ac (218,497 SF)
Zoning code
BB
APN
33-055-242.0-080.00
UPID
US73-1463938
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
-
Quest Diagnostics Medical Laboratory
-
Saint Vincent Imaging Center at Health and Wellness Pavilion West Side Medical Clinic
-
Express Care At Saint Vincent - West Medical Clinic
-
AHN Health & Wellness Pavilion Westside Gym & Fitness Center Alternative Medicine Practice
-
Krista L Taylor, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.10M
CAP Approach
CAP
$7.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.29M
Owner & transaction history
Saint Vincent Health Center · 4 yrs held
Saint Vincent Health Center
since 2022
Last sale
$9.8M
5 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
$8,370,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
$8,200,000
6.5%
$7,570,000
7%
$7,030,000
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±10% · vs last sale $9.85M (Dec 7 2021)
Last sale anchor
$9.85M
Dec 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
$233 / 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
$232,420
Tax year 2023
Assessed value
$8,986,200
Assessed 2024
Previous assessed
$8,986,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$705,600
Assessed improvement
$8,280,600
Land market value
$705,600
Improvement market value
$8,280,600
Total market value
$8,986,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
39,948 SF
Lot
5.02 ac (218,497 SF)
Zoning code
BB
APN
33-055-242.0-080.00
UPID
US73-1463938
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
2015
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Saint Vincent Health Center
Individual
Free & Clear · 4 yrs held
Mailing address
4 ALLEGHENY CTR STE #700, PITTSBURGH, PA 15212-5227
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
$9,845,000
Saint Vincent Health Center
West Ridge Medical Partners LLC
Correction Deed
related
—
Dec 7, 2021
$19,114,878
Saint Vincent Health Center
West Ridge Medical Partners LLC
Special Warranty Deed
—
Mar 17, 2015
$700,000
West Ridge Medical Partners LLC
Black Interests LP
Warranty Deed
—
Mar 1, 2006
$795,000
Black Interests
Young Mens Christian Assn Of Grt
Warranty Deed
—
May 9, 2002
$600,000
Mens Christian Assn Grea Young
Young Womens Christian Assn Er
Grant Deed
related
—
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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