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Property profile & analytics
OFF-MARKET
Estimated value
$4,385,000
Outlet malls
6650 Peach St Erie, PA 16509-7710
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-0395413
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1992
Construction
FRAME
Total area
46,914 SF
Lot
3.92 ac (170,755 SF)
Zoning code
B1
APN
40-004-016.0-075.00
UPID
US73-0395413
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
-
Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
-
Best Buy Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$4.39M
Owner & transaction history
Bbi Realty LLC · 10 yrs held
Bbi Realty LLC
since 2015
6 recorded transactions
Zoning & alternative use
B1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+0.3%
Restaurant
$3.9M
+0.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,850,000
Current use
OFFICE BUILDING
$3,860,000
Change: +0% · Conversion: Easy
RESTAURANT
$3,860,000
Change: +0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,830,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,260,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.39M
Range $3.95M – $4.82M · ±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
$93 / 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
$75,304
Tax year 2023
Assessed value
$3,786,000
Assessed 2024
Previous assessed
$3,786,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,794,700
Assessed improvement
$1,991,300
Land market value
$1,794,700
Improvement market value
$1,991,300
Total market value
$3,786,000
Applied tax rate
40.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
NONE
Stories
1
Total area
46,914 SF
Lot
3.92 ac (170,755 SF)
Zoning code
B1
APN
40-004-016.0-075.00
UPID
US73-0395413
Jurisdiction
ERIE
Zoning & alternative use
B1 · Erie, PA
Zoning B1 · permitted uses
B1 · 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
RETAIL STORES Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1992
Construction
FRAME
Heating
NONE
Stories
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Bbi Realty LLC
Entity
Mailing address
7601 PENN AVE S, RICHFIELD, MN 55423-8500
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
Bbi Realty LLC
—
Deed
related
$3,000,000 · Marquette Savings Bank
Oct 1, 2015
$6,641,782
Bbi Realty LLC
6650 Peach Street LLC
Warranty Deed
—
Dec 16, 2005
—
6650 Peach Street LLC
—
Deed Of Trust
related
$7,125,000 · Bank Of America NA Bank Of America NA
Jun 13, 2001
$6,795,506
6650 Peach Street LLC
Bb-erie Pa LLC
Grant Deed
$4,500,000 · Wells Fargo Bank
Mar 14, 2001
$5,355,000
Bb-erie Pa LLC
Best Buy Stores LP
Grant Deed
$5,355,000 · First Union National Bank
—
—
Bbi Realty LLC
—
Deed Of Trust
related
$5,250,000 · Wells Fargo 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.
Try Rey
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