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Property profile & analytics
OFF-MARKET Estimated value $865,000
Warehouses

4727 Pittsburgh Ave Erie, PA 16509-6203

19,480 SF 1.63 ac lot Built 1978
Entity Owned 3-yr Hold Free & Clear
Property ID
US73-2787217
Property summary
AI-generated overview

This exceptional 2,393 square foot office suite is available for lease in Erie, Pennsylvania. Located at 4727 Pittsburgh Avenue, this property offers a mostly open floor plan ideal for various business needs. The suite includes a private entrance, ample workspace, a dedicated IT/storage room, and two restrooms. A potential 0.3-acre fenced yard adds to the property's appeal. The building itself is a modern, two-tenant facility totaling 19,480 square feet, constructed in 1978. This single-story building boasts a 23-foot ceiling height and is situated on a 1.63-acre lot zoned I1, Light Industrial. The convenient location offers easy access to major roadways, including a short 5-minute drive (1.8 miles) to I-79 and an 8-minute drive (4.5 miles) to I-90. The property features abundant off-street parking with approximately 35 spaces, four loading docks, four dock-high doors, and one drive-in. The building benefits from 3-phase power. Property taxes are $0.81 per square foot. The lease rate is $14.50 per square foot per year, plus estimated CAM charges of $1.75 per square foot per year, and utilities. The total monthly cost (rent and CAM) is approximately $3,241, plus utilities. Floor plans and a 3D tour are available upon request. This property presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space in Erie. The property's address is 4727 Pittsburgh Avenue, Erie, PA 16506. The APN is 33-097-418.1-011.03.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1978
Total area 19,480 SF
Lot 1.63 ac (71,133 SF)
Zoning code LI
APN 33-097-418.1-011.03
UPID US73-2787217
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
$910k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$865k
Owner & transaction history
Chapman Capital Holdings LLC · 3 yrs held
Chapman Capital Holdings LLC
since 2022
Last sale
$867,610
2 recorded transactions
2022
$867,610
1998
Price N/A
Zoning & alternative use
LI · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +88.0%
Commercial (general) $855,000 +19.0%
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