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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Hotels
6310 Rte 89 North East, PA 16428-4970
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-1827139
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Construction
FRAME
Total area
39,072 SF
Lot
2.31 ac (100,580 SF)
Zoning code
R1
APN
37-031-119.0-002.00
UPID
US73-1827139
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
$1.20M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Laxami LLC · 18 yrs held
Laxami LLC
since 2008
7 recorded transactions
Zoning & alternative use
R1 · North East, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+15.5%
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 North East submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North East 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
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,705,000
Current use
RETAIL STORES
$1,970,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$32 / 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
$104,849
Tax year 2023
Assessed value
$4,648,800
Assessed 2024
Previous assessed
$4,648,800
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$201,200
Assessed improvement
$4,447,600
Land market value
$201,200
Improvement market value
$4,447,600
Total market value
$4,648,800
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Construction
FRAME
Heating
NONE
Buildings
2
Stories
4
Total area
39,072 SF
Lot
2.31 ac (100,580 SF)
Zoning code
R1
APN
37-031-119.0-002.00
UPID
US73-1827139
Jurisdiction
ERIE
Zoning & alternative use
R1 · North East, PAZoning R1 · permitted uses
R1 · North East, 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
HOTEL/MOTEL Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.0M
HOTEL/MOTEL Current
RETAIL STORES
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
4
Buildings
2
Lot
2.31 ac
Current owner
From public records · entity-resolved
Laxami LLC
Entity
Mailing address
6310 OLD STA RD, NORTH EAST, PA 16428-4916
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
—
Laxami LLC
—
Deed
related
$7,200,000 · The Fahey Banking Co
Oct 26, 2018
—
Laxami LLC
—
Deed
related
$2,000,000 · Branch Bk&tr
Jul 1, 2014
—
Laxami LLC
—
Grant Deed
related
$6,725,000 · Susquehanna Bk
May 21, 2008
—
Laxami LLC
Laxami LLC
Quit Claim Deed
related
—
Nov 9, 2007
—
Laxami LLC
Laxami LLC
Quit Claim Deed
$3,635,000 · Beach Business Bank
Sep 24, 2007
$108,000
Laxami LLC
Atit LLC
Grant Deed
—
Apr 20, 2006
$135,000
Laxmi LLC
Hickman,william C & Donna L
Grant Deed
—
—
—
Laxami LLC
—
Deed Of Trust
related
$2,000,000 · Branch Bk&tr
—
—
Laxami LLC
—
Deed Of Trust
related
$3,375,000 · Susquehanna Bk
—
—
Laxami LLC
—
Deed Of Trust
related
$994,974 · Susquehanna Com'l Fin INC
—
—
Laxami LLC
—
Deed Of Trust
related
$994,974 · Susquehanna Com'l Fin INC
—
—
Laxami LLC
—
Deed Of Trust
related
$310,000 · Beach Business Bank
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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