New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Garden apartment buildings
5080 Sta Rd, Erie, PA 16510-4322
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2491064
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2008
Construction
FRAME
Total area
41,976 SF
Lot
6.5 ac (283,140 SF)
Zoning code
R2A
APN
27-065-201.0-041.00
UPID
US73-2491064
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
by Request
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$4.13M
Owner & transaction history
Jpmcc 2014-c-20 Unvi Gate Apts · 5 yrs held
Jpmcc 2014-c-20 Unvi Gate Apts
since 2020
7 recorded transactions
Zoning & alternative use
R2A · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+0.8%
Restaurant
$3.5M
+0.8%
Retail stores
$3.4M
+0.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,300,000
6.5%
$3,970,000
7%
$3,685,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,425,000
Current use
OFFICE BUILDING
$3,455,000
Change: +1% · Conversion: Moderate
RESTAURANT
$3,455,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$3,445,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,915,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$167,149
Tax year 2023
Assessed value
$6,344,320
Assessed 2024
Previous assessed
$6,344,320
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$1,300,000
Assessed improvement
$5,044,320
Land market value
$1,300,000
Improvement market value
$5,044,320
Total market value
$6,344,320
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
NONE
Buildings
4
Stories
2
Total area
41,976 SF
Lot
6.5 ac (283,140 SF)
Zoning code
R2A
APN
27-065-201.0-041.00
UPID
US73-2491064
Jurisdiction
ERIE
Zoning & alternative use
R2A · Erie, PA
Zoning R2A · permitted uses
R2A · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
NONE
Stories
2
Buildings
4
Lot
6.5 ac
Current owner
From public records · entity-resolved
Jpmcc 2014-c-20 Unvi Gate Apts
Individual
Mailing address
1270 AVE OF THE AMERICAS STE #1815, NEW YORK, NY 10020-1702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Station Road Associates Pa LLC
—
Deed
related
$12,025,000 · Alliant Cu
Feb 9, 2022
—
Bmc Ugate LLC
—
Deed
related
$8,600,000 · First National Bank Of Central Tx
Oct 28, 2020
$401,292
Jpmcc 2014-c-20 Unvi Gate Apts
Sheriff / Erie County|behren LP
Foreclosure
—
Jan 29, 2014
$13,125,000
Behrend Real Estate LP
University Gate Apartments II
Grant Deed
—
Jul 9, 2008
—
University Gate Apartments II
—
Grant Deed
related
$5,017,000 · Pnc Bank
Mar 26, 2007
$725,000
University Gate Apartments II
Yf Ptshp
Warranty Deed
—
Jun 21, 2001
—
Department Of Transportation
Y F Ptshp
Grant Deed
related
—
—
—
Behrend Real Estate LP
—
Deed Of Trust
related
$20,000,000 · Jp Morgan Chase Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5080 Sta Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
