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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Hotels
6101 Wattsburg Rd Erie, PA 16509-4037
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0201131
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
WOOD
Total area
74,332 SF
Lot
6.96 ac (303,178 SF)
Zoning code
BB
APN
33-198-643.0-001.02
UPID
US73-0201131
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
-
Americas Best Value Inn Erie Hotel & Motel
-
Days Inn by Wyndham Erie Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
6101 Wattsburg Abl I Holdings LLC · 4 yrs held
6101 Wattsburg Abl I Holdings LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
BB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+238.6%
Medical building
$4.7M
+236.0%
Apartment house (5+ units)
$3.1M
+125.2%
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
$3,330,000
ML approach
$3,145,000
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,710,000
Change: +239% · Conversion: Difficult
MEDICAL BUILDING
$4,675,000
Change: +236% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,135,000
Change: +125% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $3.00M (May 6 2022)
Last sale anchor
$3.00M
May 6 2022
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
$40 / 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
$50,526
Tax year 2023
Assessed value
$1,953,500
Assessed 2024
Previous assessed
$1,953,500
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$556,800
Assessed improvement
$1,396,700
Land market value
$556,800
Improvement market value
$1,396,700
Total market value
$1,953,500
Applied tax rate
33.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Stories
7
Total area
74,332 SF
Lot
6.96 ac (303,178 SF)
Zoning code
BB
APN
33-198-643.0-001.02
UPID
US73-0201131
Jurisdiction
ERIE
Zoning & alternative use
BB · Erie, PAZoning BB · permitted uses
BB · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1969
Construction
WOOD
Heating
NONE
Stories
7
Lot
6.96 ac
Current owner
From public records · entity-resolved
6101 Wattsburg Abl I Holdings LLC
Entity
Mailing address
400 CORPORATE CIR, HARRISBURG, PA 17110-9782
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Wattsburg Hospitality LLC
—
Deed
related
$2,902,830 · Erie Federal Credit Union
Mar 31, 2023
—
Wattsburg Hospitality LLC
—
Deed
related
$1,950,000 · Pender West Credit 1 Reit LLC
Oct 12, 2022
—
6101 Wattsburg Abl I Holdings LLC
—
Deed
related
$4,200,000 · Pender West Credit I Reit LLC
May 6, 2022
$2,417
6101 Wattsburg Abl I Holdings LLC
Pender Cap Asset Based Lending Fund
Sheriffs Deed
related
—
Jun 17, 2021
—
Pender Cap Asset Based Lending Fund
Maha Laxmi INC
Deed In Lieu Of Foreclosure
related
—
Dec 1, 2020
—
Maha Laxmi INC
—
Deed
related
$2,000,000 · Pender East Credit 1 Reit LLC
Feb 28, 2019
—
Maha Laxmi INC
—
Deed
related
$2,000,000 · Pender East Credit 1 Reit LLC
Dec 11, 2002
$1,575,000
Maha Laxmi INC
Coe,eric H & Diane R
Grant Deed
$1,350,000 · Business Loan Center INC
—
—
Maha Laxmi INC
—
Deed Of Trust
related
$2,000,000 · Pender East Credit 1 Reit LLC
—
—
Maha Laxmi INC
—
Loan Modification
related
$2,000,000 · Pender East Credit 1 Reit LLC
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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