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Financial
Distress signals
Property profile

4845 Lk Rd Erie, PA 16505

OFF-MARKET
Retail space
Property ID
US73-2710465
6,800 SF 0.5 ac lot Built 1974
Last sale May 2026 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a multi-tenant commercial building in Millcreek Township, located along Route 5. It sits on a half-acre lot and contains 6,800 square feet of space configured as multiple leased units, including seven currently leased units and an additional unit that was previously owner-occupied. The building has 4 bathrooms and is served by parking for approximately 30 vehicles across front and rear parking areas. The site has a tenant mix that includes an anchored use by a local church and additional business suites occupied by established businesses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$316k
Assessed land$99k
Assessed improvement$217k
Effective rate2.59%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$240k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$46 – $102
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BB
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand index
Law Firm18.1
Dental Office16.1
Auto Repair Shop12.6

Location

4845 Lk Rd Erie, PA 16505-2961
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3701 9th W Lk, Erie, PA 16505 $283,000 Mar 2023 3,953 SF
2252 8th, Erie, PA 16505-4543 $610,000 Nov 2022 6,760 SF
2166 70th W 12th, Erie, PA 16505 $275,000 Jul 2022 6,800 SF
2440 8th, Erie, PA 16505-4428 $850,000 Jun 2022 9,860 SF
1111 Peninsula, Erie, PA 16505-4165 $3,150,000 Oct 2021 10,318 SF
3759 12th, Erie, PA 16505-3504 $872,088 Apr 2021 8,376 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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