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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Auto shops
6116 Wattsburg Rd Erie, PA 16509
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1022183
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1990
Total area
20,976 SF
Lot
35.25 ac (1,535,490 SF)
Zoning code
HI
APN
33-198-642.0-002.00
UPID
US73-1022183
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
$3.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$3.67M
Owner & transaction history
Atcrh Erie LLC · 3 yrs held
Atcrh Erie LLC
since 2022
Last sale
$3.5M
4 recorded transactions
Zoning & alternative use
HI · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,930,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10% · vs last sale $3.54M (Dec 21 2022)
Last sale anchor
$3.54M
Dec 21 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
$175 / 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
$36,862
Tax year 2023
Assessed value
$2,074,499
Assessed 2024
Previous assessed
$1,425,200
+45.6% YoY
Effective rate
1.78%
On assessed value
Assessed land
$909,449
Assessed improvement
$1,165,050
Land market value
$909,449
Improvement market value
$1,165,050
Total market value
$2,074,499
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
2
Stories
3
Total area
20,976 SF
Lot
35.25 ac (1,535,490 SF)
Zoning code
HI
APN
33-198-642.0-002.00
UPID
US73-1022183
Jurisdiction
ERIE
Zoning & alternative use
HI · Erie, PA
Zoning HI · permitted uses
HI · 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.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
3
Buildings
2
Lot
35.25 ac
Current owner
From public records · entity-resolved
Atcrh Erie LLC
Entity
Mailing address
612 NW 53RD ST STE #310, BOCA RATON, FL 33487
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$3,540,000
Atcrh Erie LLC
Scheler Realty Of Erie LLC
Special Warranty Deed
$14,472,000 · M & T Bank
Feb 27, 2004
—
Peter F Scheler
—
Deed Of Trust
related
$1,450,000 · Manufacturers Traders & Trust
—
—
Peter F Scheler
—
Deed Of Trust
related
$1,253,880 · Manufacturers Traders & Trust
—
—
Peter F Scheler
—
Deed Of Trust
related
$1,615,000 · Manufacturers Traders & Trust
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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