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Financial
Distress signals
Property profile

4912 W Ridge Rd Erie, PA 16506

FOR SALE
Manufacturing properties
Property ID
US73-1537982
9,131 SF 3.13 ac lot Built 1950
Last sale Aug 2013
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 4912 & 4916 W Ridge Rd in Erie, Pennsylvania consists of a mixed-use development site with a total area of approximately 4.25 acres (with one referenced lot size of 3.131 acres) located along a commercial corridor. It is zoned MU-2, which allows for multi-family residential, retail, office, service, medical, and integrated mixed-use developments. Utilities are run across the lot, supporting development flexibility, including phased construction or a single comprehensive project.…

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?
$6k
Tax billed · 2023
Assessed value · 2024$232k
Assessed land$150k
Assessed improvement$82k
Effective rate2.59%

Value estimate

· Oct 2026
$215k
$194k – $237k
NOI build-up
Gross scheduled income$164k
Vacancy & credit loss−$16k
Operating expenses−$55k
NOI · 7.70% cap applied$92k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$34/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$13 – $55

Cap rate analysis

How does the asset earn?
7.70%
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DB
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency26.0
Restaurant24.1
Dental Office23.0

Location

4912 W Ridge Rd Erie, PA 16506
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2251 23rd, Erie, PA 16506-2916 $773,000 Oct 2024 25,755 SF
2545 Grandview, Erie, PA 16506-4512 $1,050,000 May 2024 63,573 SF
2952 22nd, Erie, PA 16506-2302 $1,542,500 Aug 2020 27,848 SF
2930 22nd, Erie, PA 16506-2302 $1,542,500 Aug 2020 57,336 SF
2820 23rd, Erie, PA 16506-2915 $989,971 Apr 2020 25,600 SF
3200 22nd, Erie, PA 16506-2308 $725,000 Feb 2020 51,138 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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