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Property profile & analytics
OFF-MARKET
Estimated value
$9,075,000
High-rise multifamily apartments
5720 Sta Rd, Erie, PA 16510-4648
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4216128
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2014
Construction
FRAME
Total area
92,284 SF
Lot
3.94 ac (171,583 SF)
Zoning code
B3
APN
27-070-212.0-028.00
UPID
US73-4216128
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
Current use
Occupant on record · Public records
-
Hudson Lofts - Penn State Behrend Student Housing Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.73M
Comparable Approach
Comparable
$11.66M
Blend (final)
Blend
$9.08M
Owner & transaction history
Hudson Student Housing LP · 12 yrs held
Hudson Student Housing LP
since 2013
7 recorded transactions
Zoning & alternative use
B3 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+0.8%
Restaurant
$7.6M
+0.8%
Retail stores
$7.6M
+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%
$9,455,000
6.5%
$8,725,000
7%
$8,100,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,530,000
Current use
OFFICE BUILDING
$7,595,000
Change: +1% · Conversion: Moderate
RESTAURANT
$7,590,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$7,570,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,410,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$9.08M
Range $8.17M – $9.98M · ±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
$196,351
Tax year 2023
Assessed value
$7,452,700
Assessed 2024
Previous assessed
$7,452,700
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$393,900
Assessed improvement
$7,058,800
Land market value
$393,900
Improvement market value
$7,058,800
Total market value
$7,452,700
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
NONE
Stories
5
Total area
92,284 SF
Lot
3.94 ac (171,583 SF)
Zoning code
B3
APN
27-070-212.0-028.00
UPID
US73-4216128
Jurisdiction
ERIE
Zoning & alternative use
B3 · Erie, PA
Zoning B3 · permitted uses
B3 · 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
$7.5M
OFFICE BUILDING
Est. value
$7.6M
RESTAURANT
Est. value
$7.6M
RETAIL STORES
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$6.4M
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
2014
Construction
FRAME
Heating
NONE
Stories
5
Lot
3.94 ac
Current owner
From public records · entity-resolved
Hudson Student Housing LP
Entity
Mailing address
2450 SHENANGO VLY FWY, HERMITAGE, PA 16148-2572
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
—
Hudson Student Housing LP
—
Deed
related
$9,650,000 · S & T Bank
Apr 26, 2019
—
Hudson Student Housing LP
—
Deed
related
$1,500,000 · Northwest Bank
Dec 1, 2016
—
Hudson Student Housing LP
—
Deed
related
$10,160,000 · Northwest Bk
Sep 25, 2013
—
Hudson Student Housing LP
Hudson Student Housing LP
Quit Claim Deed
related
$9,200,000 · First National Bank Pa
Dec 14, 2012
$475,000
Hudson Student Housing LP
Fries,joseph T & Debra J
Grant Deed
$400,000 · Nextier Bank NA
Sep 21, 2001
—
Department Of Transportation
Fries,joseph T & Debra J
Grant Deed
related
—
—
—
Hudson Student Housing LP
—
Deed Of Trust
related
$1,500,000 · Northwest Bk
—
—
Hudson Student Housing LP
—
Deed Of Trust
related
$9,200,000 · First National Bank Pa
—
—
Hudson Student Housing LP
—
Deed Of Trust
related
$9,800,000 · Northwest Svgs Bk
—
—
Hudson Student Housing LP
—
Deed Of Trust
related
$1,000,000 · Northwest Svgs Bk
—
—
Hudson Student Housing LP
—
Deed Of Trust
related
$10,160,000 · Northwest Bk
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.
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