Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4655 Buffalo Rd Erie, PA 16510
    Back to Search
    Property profile & analytics

    4655 Buffalo Rd, Erie, PA 16510

    View on Map
    • Retail space
    • 1,134 SF
    • 2.81 lot acres
    For Lease
    $1.00 SF/Yr
    View Listing →
    Erie, PA Build-to-Suit Opportunity For Lease
    $1.00 SF/Yr

    Erie, PA Build-to-Suit Opportunity

    Prime commercial land for lease along Buffalo Road in Erie.

    4655 BUFFALO Road, Erie, PA 16510
    View Listing
    Property ID
    US73-0395422
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vintage Wood Fire BBQ / Restaurant

    Property Details for 4655 Buffalo Rd

    Year built
    1955
    Construction
    FRAME
    Lot size
    2.81 lot acres
    Zone code
    R2B
    Property type
    Retail space
    APN
    27-057-147.0-086.00
    APU
    27057147008600

    Description

    This exceptional 2.81-acre commercial land parcel in Erie County, Pennsylvania, presents a unique investment opportunity. Situated at 4655 Buffalo Road, Harborcreek, PA 16510, this single-tenant property boasts a prime location just west of Value Home Center, conveniently nestled between Nagle Road and Saltsman Road on the south side of Route 20. The property is categorized as both land and retail, offering significant potential for various commercial ventures. A land lease is available, with a starting monthly rate of $4,000 (or $48,000 annually) on a triple net (NNN) basis. This high-traffic area ensures excellent visibility and accessibility for any business. The property's build-to-suit option provides flexibility for developers and businesses seeking a customized space tailored to their specific needs. The property's single-suite configuration simplifies management and occupancy. This is an ideal opportunity for businesses seeking a prominent location with high visibility and the potential for significant return on investment. The property is located in Erie County, offering access to a robust local economy and a strong consumer base. Don't miss this chance to secure a prime commercial location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -79.9967
    Latitude
    42.1482
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,767
    $367,000
    $22,500
    $389,500
    -
    $367,000
    $22,500
    $389,500

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      3008 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES)
      3008 Buffalo Rd, Erie, PA 16510-1708
      View Details
    • Value Estimation
      $985,000
      6,865 SF

      2214 38th St

      RETAIL STORES (PERSONAL SERVICES)
      2214 38th St, Erie, PA 16510-3611
      View Details
    • Value Estimation by Request
      4,399 SF

      2330 38th St

      RETAIL STORES (PERSONAL SERVICES)
      2330 38th St, Erie, PA 16510-3725
      View Details
    • Value Estimation by Request
      2,250 SF

      2920 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES)
      2920 Buffalo Rd, Erie, PA 16510-1706
      View Details
    • Value Estimation by Request
      1,560 SF

      3320 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES)
      3320 Buffalo Rd, Erie, PA 16510-1812
      View Details
    • Value Estimation by Request
      2,016 SF

      3113 Buffalo Rd

      RETAIL STORES (PERSONAL SERVICES)
      3113 Buffalo Rd, Erie, PA 16510-1771
      View Details

    Similar Nearby for Sale

    • $849,900
      17,200 SF

      Erie Entertainment Destination For Sale

      Turnkey bowling alley, bar, and restaurant in prime Erie location.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • $849,900
      17,200 SF

      Erie Entertainment Destination For Sale

      Turnkey bowling alley, bar, and restaurant in prime Erie location.
      3729 Mcclelland Ave, Erie, PA 16510
      View Details
    • Contact for pricing
      77,000 SF

      Erie Retail Property For Sale

      77,000 square foot retail property in Erie, Pennsylvania.
      1702 E 38Th St, Erie, PA 16510
      View Details
    • $255,000
      1,176 SF

      Erie Commercial Property on 38th

      Commercial property with multi-use zoning in a busy corridor.
      1618 E 38Th St, Erie, PA 16510
      View Details
    • Contact for pricing
      2,256 SF

      Landmark Diner in Wesleyville

      Established diner with storage building and parking.
      2902 Buffalo Rd, Erie, PA 16510
      View Details
    • $55,000
      0.70 Acres

      Erie, PA 0.7-Acre Lot

      0.7-acre lot suitable for custom home construction.
      Hartman Rd, Erie, PA 16510
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Erie Retail/Office Space Available

      Mixed-use space near Mercyhurst University, suitable for various businesses.
      2018 E 38Th St, Erie, PA 16510
      View Details
    • Contact for pricing
      1,368 SF

      Established Retail Location For Lease

      Retail spaces with long-term tenants, near Bayfront Connector.
      1713-1717 E 38Th St, Erie, PA 16510
      View Details
    • Contact for pricing

      Retail Space in Knowledge Park

      Former Tim Hortons space available for rent on Penn State campus.
      5350 Technology Dr, Erie, PA 16510
      View Details
    • Contact for pricing

      Knowledge Park First Floor Office

      First floor office space in Knowledge Park available for rent.
      5340 Fryling Rd, Erie, PA 16510
      View Details
    • Contact for pricing

      Co-Working Units in Knowledge Park

      Private co-working units available for rent in Knowledge Park.
      5451 Merwin Ln, Erie, PA 16510
      View Details
    • New
      $6 SF/Yr
      4,250 SF

      Erie Warehouse/Distribution Space Available

      Warehouse/distribution space with truck dock and overhead door.
      2814 Buffalo Rd, Erie, PA 16510
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4655 Buffalo Rd
    Erie, PA 16510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4655 Buffalo Rd, Erie, PA, 16510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!