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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Medical Office Space
702 8th W 34th St Erie, PA 16508
Entity Owned
~
Est. High Equity
Property ID
US73-2329588
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
WOOD
Total area
10,026 SF
Lot
0.36 ac (15,599 SF)
Zoning code
RLB
APN
19-061-008.0-100.00
UPID
US73-2329588
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
-
Dr. Gerald F. Gomes, DDS Dental Office
-
Plaza Dental Associates Dental Office
-
Badders Amanda L DDS Dental Office
-
Carmosino Andrew J DDS Dental Office
-
Dr. William G. Schaefer, D.M.D. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$535k
Owner & transaction history
Plaza Realty Co
Plaza Realty Co
6 recorded transactions
Zoning & alternative use
RLB · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$865,000
+37.4%
Retail stores
$730,000
+15.7%
Commercial (general)
$670,000
+6.5%
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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
RESTAURANT
$865,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$730,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$580,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$53 / 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
$26,097
Tax year 2023
Assessed value
$686,000
Assessed 2024
Previous assessed
$686,000
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$78,000
Assessed improvement
$608,000
Land market value
$78,000
Improvement market value
$608,000
Total market value
$686,000
Applied tax rate
19.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Total area
10,026 SF
Lot
0.36 ac (15,599 SF)
Zoning code
RLB
APN
19-061-008.0-100.00
UPID
US73-2329588
Jurisdiction
ERIE
Zoning & alternative use
RLB · Erie, PA
Zoning RLB · permitted uses
RLB · 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
MEDICAL BUILDING Current
Est. value
$630,000
RESTAURANT
Est. value
$865,000
RETAIL STORES
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$670,000
OFFICE BUILDING
Est. value
$580,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1973
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Plaza Realty Co
Entity
Mailing address
702 W 34TH ST, ERIE, PA 16508-2649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
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
—
—
Plaza Realty Co
—
Deed Of Trust
related
$692,000 · Citizens Bank Pennsylvania
—
—
Plaza Realty Co
—
Deed Of Trust
related
$646,589 · Eriebank
—
—
Plaza Realty Co
—
Deed Of Trust
related
$90,552 · Eriebank
—
—
Plaza Realty Co
—
Deed Of Trust
related
$101,000 · Northwest Savings Bank
—
—
Plaza Realty Co
—
Deed Of Trust
related
$91,000 · Citizens Bank Pennsylvania
—
—
Plaza Realty Co
—
Deed Of Trust
related
$169,700 · Citizens Bank Pennsylvania
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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