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    Property profile & analytics

    5040 Ridge Rd Erie, PA 16506

    • High-rise multifamily apartments
    • 98,338 SF
    • 1.47 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US73-0641155
    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

    • Liberty Street Surgical Associates: Prylinski Gregory V MD / Doctor
    • Laparoscopic & General Surgery: Prylinski Gregory V MD / Doctor
    • P / Apartment Building
    • Beth Ann's Therapeutic Massage / Massage Therapist / Personal Trainer

    Property Details for 5040 Ridge Rd

    Year built
    1986
    Construction
    WOOD
    Lot size
    1.47 lot acres
    Property size
    98,338 SF
    Zone code
    DB
    Property type
    High-rise multifamily apartments
    APN
    33-042-230.0-030.02
    APU
    33042230003002

    Description

    This exceptional office space, located at 5040 W Ridge Rd in Erie, Pennsylvania, offers 2,000 square feet of immediately available space within a larger nine-story building totaling 98,338 square feet. The building, constructed in 1986, boasts a convenient C-1 zoning classification and is situated on West Ridge Road, between Wegmans and Walmart, ensuring high visibility and accessibility. The property features ample off-street parking with 20+ spaces available, and includes elevators for easy access to all floors. This traditional office space is perfect for a variety of businesses seeking a well-maintained and strategically located office environment. The property's APN is 33-042-230.0-030.02, and Erie County taxes are $0.37 per square foot. The building is multi-tenant, offering a collaborative and professional atmosphere. While this listing highlights a 2,000 square foot space, the building offers flexible options ranging from 1,000 to 4,000 square feet, allowing for potential expansion or downsizing to meet specific business needs. The property's prime location and abundant parking make it an ideal choice for businesses seeking a thriving and convenient location in Erie, PA. The zip code is 16506.

    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
    -80.1901
    Latitude
    42.0686
    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
    $38,796
    $256,700
    $1,243,300
    $1,500,000
    -
    $256,700
    $1,243,300
    $1,500,000

    Comparable in this City

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      Zuck Rd

      GARDEN APT, COURT APT (5+ UNITS) • 9,932 SF
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    • Value Estimation by Request
      8,008 SF

      4601 Idyllbrook Vlg Ct, Unit 4835

      GARDEN APT, COURT APT (5+ UNITS) • 8,008 SF
      4601 Idyllbrook Vlg Ct, Erie, PA 16506-5245
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      $4,895,000
      4,928 SF

      3844 Canterbury Dr, Unit 52

      GARDEN APT, COURT APT (5+ UNITS) • 4,928 SF
      3844 Canterbury Dr, Erie, PA 16506-5322
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    • Value Estimation
      $155,000
      4,224 SF

      3902 Canterbury Dr, Unit 8

      GARDEN APT, COURT APT (5+ UNITS) • 4,224 SF
      3902 Canterbury Dr, Erie, PA 16506-5325
      View Details
    • Value Estimation
      $625,000
      5,760 SF

      3725 Amherst Rd, Unit 29

      GARDEN APT, COURT APT (5+ UNITS) • 5,760 SF
      3725 Amherst Rd, Erie, PA 16506-2811
      View Details

    Similar Nearby for Sale

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      Erie, PA Multifamily Development Land

      35.1 acre parcel zoned for multifamily development in Erie, PA.
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    • Contact for pricing
      1.60 Acres

      Erie Industrial Land - Lowe's Outparcel

      Prime Erie location, 1.63+ acres, light industrial.
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      Erie, PA Building Site

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      Erie Commercial Land For Sale

      Commercial land in high-traffic area near the airport.
      4202 W Ridge Rd, Erie, PA 16506
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    Similar Nearby for Lease

    • $15 SF/Yr
      31,836 SF

      Erie Office Suites for Lease

      Flexible Office Space, All-Inclusive Rates
      2700 21St St, Erie, PA 16506
      View Details
    • $10 SF/Yr
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      Erie, PA Office Space Available

      Prime West Ridge Rd Office, 2,000 SF Available
      5040 Ridge Rd, Erie, PA 16506
      View Details
    • $16,000 /Mo
      44,074 SF

      Millcreek Development Land For Lease

      Prime commercial land available for lease in Millcreek, Pennsylvania.
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      Erie, PA Commercial Land Parcel

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      View Details
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      Equipped Oil Change Facility Available

      Fully equipped oil change facility in high-traffic Millcreek corridor.
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    • $485 /Mo
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      Single Room Office Suite

      337 SF office suite available for lease.
      2820 W 23Rd St, Erie, PA 16506
      View Details
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    Erie, PA 16506
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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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