Property profile

5501 Rte 89 North East, PA 16428

OFF-MARKET
Warehouses
Property ID
US73-2841509
306,250 SF 35.75 ac lot Built 2008
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2008
Construction STEEL FRAME
Total area 306,250 SF
Lot 35.75 ac (1,557,270 SF)
Zoning code C
APN 37-024-103.0-027.00
UPID US73-2841509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5501 Rte 89 North East, PA 16428-5054
North East metro Census 11702 ERIE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.08M
Blend (final) Blend
$14.78M

Owner & transaction history

since 2007
7 recorded transactions
2021
Price N/A
2019
Price N/A
2018
Price N/A
2012
Price N/A
2011
Price N/A
2007
$700,000
1969
Price N/A

Zoning & alternative use

C · North East, PA
Top alternative use upside
Office building $23.3M +106.0%
Restaurant $22.5M +98.9%
Retail stores $22.0M +94.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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