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Property profile & analytics
OFF-MARKET
Warehouses
4271 Rdg Rd Erie, PA 16506-1746
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-1983691
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
3,750 SF
Lot
3.87 ac (168,621 SF)
Zoning code
AR
APN
33-055-242.0-081.00
UPID
US73-1983691
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
-
West Ridge Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jason A Spada · 19 yrs held
Jason A Spada
since 2007
7 recorded transactions
Zoning & alternative use
AR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,033
Tax year 2023
Assessed value
$1,161,200
Assessed 2024
Previous assessed
$1,161,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$569,100
Assessed improvement
$592,100
Land market value
$569,100
Improvement market value
$592,100
Total market value
$1,161,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
4
Stories
2
Total area
3,750 SF
Lot
3.87 ac (168,621 SF)
Zoning code
AR
APN
33-055-242.0-081.00
UPID
US73-1983691
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.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
2
Buildings
4
Lot
3.87 ac
Current owner
From public records · entity-resolved
Jason A Spada
Individual
Mailing address
10280 HAMOT RD, WATERFORD, PA 16441-3332
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
Jason A Spada
—
Deed
related
$1,500,000 · Us Bk
Sep 6, 2016
—
Jason A Spada
—
Deed
related
$978,723 · Huntington Nat'l Bk
Jan 23, 2007
—
Jason A Spada
Henry E Spada
Intrafamily Transfer
related
$1,434,000 · Sky Bank
Apr 30, 2004
—
Jason A Spada
Spada,henry E
Quit Claim Deed
related
$1,200,000 · National Bank Of North East
Sep 21, 2001
—
Jason A Spada
—
Deed Of Trust
related
$1,135,000 · National Bank Of North East
May 19, 2000
—
Jason A Spada
—
Grant Deed
related
$640,000 · National Bank Of North East
—
—
Jason A Spada
—
Deed Of Trust
related
$1,520,973 · Huntington National Bank
—
—
Jason A Spada
—
Deed Of Trust
related
$100,000 · National Bank Of North East
—
—
Jason A Spada
—
Deed Of Trust
related
$978,723 · Huntington Nat'l Bk
—
—
Henry E Spada
—
Deed Of Trust
related
$1,200,000 · National Bank Of North East
—
—
Jason A Spada
—
Deed Of Trust
related
$1,500,000 · Us Bk
—
—
Henry E Spada
—
Deed Of Trust
related
$250,000 · Community National 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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