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    Property profile & analytics

    4895 Lk Rd Erie, PA 16511-1477

    • Retail space
    • 8,124 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Jan 11, 2022
    Location Intelligence
    Property ID
    US73-2588710
    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.

    Current Use by Public Records

    • Jemko Petroleum Equipment Inc / Repair Service

    Property Details for 4895 Lk Rd

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.71 lot acres
    Property size
    8,124 SF
    Zone code
    R2A
    Property type
    Retail space
    APN
    27-013-076.0-125.50
    APU
    27013076012550

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0037
    Latitude
    42.1668
    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
    $3,325
    $61,600
    $64,600
    $126,200
    -
    $61,600
    $64,600
    $126,200

    Comparable in this City

    • Value Estimation
      $195,000
      4,032 SF

      5109 Iroquois Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,032 SF
      5109 Iroquois Ave, Erie, PA 16511-2458
      View Details
    • Value Estimation
      $190,000
      4,480 SF

      2142 Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,480 SF
      2142 Lk Rd, Erie, PA 16511-1140
      View Details
    • Value Estimation
      $385,000
      2,184 SF

      12 12th Ww

      RETAIL STORES (PERSONAL SERVICES) • 2,184 SF
      12 12th Ww, Erie, PA 16511
      View Details
    • Value Estimation
      $205,000
      2,184 SF

      12 12th Ww

      RETAIL STORES (PERSONAL SERVICES) • 2,184 SF
      12 12th Ww, Erie, PA 16511
      View Details
    • Value Estimation
      $225,000
      680 SF

      4219 Iroquois Ave

      RETAIL STORES (PERSONAL SERVICES) • 680 SF
      4219 Iroquois Ave, Erie, PA 16511-2132
      View Details
    • Value Estimation
      $300,000
      3,952 SF

      4901 Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,952 SF
      4901 Lk Rd, Erie, PA 16511-1416
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,130 SF

      Lawrence Park Commercial Opportunity

      Unbranded gas station and convenience store in Lawrence Park, Pennsylvania.
      4302 Main St, Erie, PA 16511
      View Details
    • $1,500,000
      4,130 SF

      Lawrence Park Gas Station/Store

      Unbranded gas station and convenience store in Lawrence Park, PA.
      4302 Main St, Erie, PA 16511
      View Details
    • $545,000
      5,928 SF

      Erie Commercial Property with Apartments

      Turn-key business with apartments and liquor license in high-traffic area.
      3922-24 Main St, Erie, PA 16511
      View Details
    • $330,000
      3,061 SF

      Turn-Key Restaurant Opportunity in Erie

      Established restaurant with apartment near Presque Isle State Park.
      3725 W Lake Rd, Erie, PA 16511
      View Details
    • $77,900
      0.37 Acres

      Erie, PA Residential Land

      Residential land for single-family home in Harborcreek, Erie, PA.
      807 Rustic Ct, Erie, PA 16511
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      Erie Land with Gas Well

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      7509 E Lake Rd, Erie, PA 16511
      View Details
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    Erie, PA 16511-1477
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    Realmo Value Estimation

    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.

    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.

    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
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