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Property profile & analytics
OFF-MARKET
Garden apartment buildings
4341 Rdg Rd, Erie, PA 16506-1458
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0395320
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Construction
FRAME
Total area
7,980 SF
Lot
3.4 ac (148,148 SF)
Zoning code
AR
APN
33-056-242.0-088.00
UPID
US73-0395320
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
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
Nla II Real Estate Holdings LLC · 5 yrs held
Nla II Real Estate Holdings LLC
since 2020
Last sale
$207,500
4 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
$69,114
Tax year 2023
Assessed value
$2,672,200
Assessed 2024
Previous assessed
$2,672,200
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$238,100
Assessed improvement
$2,434,100
Land market value
$238,100
Improvement market value
$2,434,100
Total market value
$2,672,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
NONE
Buildings
4
Stories
3
Total area
7,980 SF
Lot
3.4 ac (148,148 SF)
Zoning code
AR
APN
33-056-242.0-088.00
UPID
US73-0395320
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
2018
Construction
FRAME
Heating
NONE
Stories
3
Buildings
4
Lot
3.4 ac
Current owner
From public records · entity-resolved
Nla II Real Estate Holdings LLC
Entity
Mailing address
5139 WOLF RD, ERIE, PA 16505-1343
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 23, 2020
—
Nla II Real Estate Holdings LLC
Nla II Real Estate Holdings LLC
Intrafamily Transfer
related
$2,380,000 · First National Bank Of Pennsylvania
Oct 15, 2018
—
Nla II R & E Hldgs LLC
Nla II R/e Hldgs LLC
Quit Claim Deed
related
—
Oct 11, 2018
$207,500
Nla II R & E Hldgs LLC
Bennett,ronald C & Brenda J
Grant Deed
—
Apr 1, 1999
$230,000
Ronald C Bennett
Clark,donald W & Nancy L
Grant Deed
$190,000 · Seller
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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