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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Investment properties
435 10th St Erie, PA 16502-1378
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1422549
Property summary
AI-generated overview
This exceptional 9-unit mixed-use investment property in Erie, PA, presents a compelling opportunity. The 11,568 square foot building, constructed in 1969, sits on a 0.313-acre lot zoned RLB (Residential Limited Business). It comprises eight 2-bedroom, 1-bathroom apartments, each approximately 964 square feet, featuring a living room, kitchen/dining area, and full bathroom. Appliances include a range, refrigerator, and dishwasher. Six of the nine tenants pay separately metered electric
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1969
Construction
WOOD
Total area
11,568 SF
Lot
0.31 ac (13,647 SF)
Zoning code
RLB
APN
16-030-024.0-214.00
UPID
US73-1422549
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
-
Career Assessment Center Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$700k
Owner & transaction history
J7m Real Estate Partners LLC · 1 yrs held
J7m Real Estate Partners LLC
since 2025
Last sale
$720,000
3 recorded transactions
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$950,000
+101.2%
Restaurant
$950,000
+101.1%
Retail stores
$950,000
+100.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$475,000
Current use
OFFICE BUILDING
$950,000
Change: +101% · Conversion: Easy
RESTAURANT
$950,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +101% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +100% · Conversion: Moderate
AUTO REPAIR, GARAGE
$805,000
Change: +70% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $720k (Mar 14 2025)
Last sale anchor
$720k
Mar 14 2025
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
$61 / 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
$9,461
Tax year 2023
Assessed value
$248,700
Assessed 2024
Previous assessed
$248,700
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$27,300
Assessed improvement
$221,400
Land market value
$27,300
Improvement market value
$221,400
Total market value
$248,700
Applied tax rate
16.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Stories
5
Total area
11,568 SF
Lot
0.31 ac (13,647 SF)
Zoning code
RLB
APN
16-030-024.0-214.00
UPID
US73-1422549
Jurisdiction
ERIE
Zoning & alternative use
RLB · Erie, PA
Zoning RLB · permitted uses
RLB · 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
COMMERCIAL (GENERAL) Current
Est. value
$475,000
OFFICE BUILDING
Est. value
$950,000
RESTAURANT
Est. value
$950,000
RETAIL STORES
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$425,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1969
Construction
WOOD
Heating
NONE
Stories
5
Lot
0.31 ac
Current owner
From public records · entity-resolved
J7m Real Estate Partners LLC
Entity
Mailing address
5054 WOLF RUN DR, ERIE, PA 16505-5504
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$720,000
J7m Real Estate Partners LLC
Stephen P Barrett
Deed
$480,000 · Stephen P Barrett Etal
Sep 16, 1997
$200,000
Stephen P Barrett
Minbar Enterprises
Grant Deed
$240,000 · Pnc Bank
—
—
Stephen P Barrett
—
Deed Of Trust
related
$350,000 · First National Bank Pa
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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