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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Turn key restaurants
7165 Peach St Erie, PA 16509-4764
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0653706
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
FRAME
Total area
18,233 SF
Lot
2.49 ac (108,334 SF)
Zoning code
B1
APN
40-005-019.2-005.00
UPID
US73-0653706
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
-
Aspen Dental - Erie, PA Dental Office
-
Dunkin' Cafe & Coffee Shop
-
Naomis Way Beauty Hair Salon Nail Salon
-
Starlight Studio LLC Hair Salon
-
Motto Clear Aligners Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.24M
Owner & transaction history
Scotts Bbq INC · 3 yrs held
Scotts Bbq INC
since 2023
7 recorded transactions
Zoning & alternative use
B1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+0.1%
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
RESTAURANT
$1,500,000
Current use
OFFICE BUILDING
$1,500,000
Change: +0% · Conversion: Moderate
RETAIL STORES
$1,495,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,490,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,265,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $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
$68 / 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
$55,688
Tax year 2023
Assessed value
$2,799,800
Assessed 2024
Previous assessed
$2,373,200
+18.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,040,900
Assessed improvement
$1,758,900
Land market value
$1,040,900
Improvement market value
$1,758,900
Total market value
$2,799,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
NONE
Stories
3
Total area
18,233 SF
Lot
2.49 ac (108,334 SF)
Zoning code
B1
APN
40-005-019.2-005.00
UPID
US73-0653706
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
RESTAURANT Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT Current
OFFICE BUILDING
RETAIL STORES
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
1996
Construction
FRAME
Heating
NONE
Stories
3
Lot
2.49 ac
Current owner
From public records · entity-resolved
Scotts Bbq INC
Entity
Mailing address
2225 DOWNS DR, ERIE, PA 16509-4793
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Scotts Bbq INC
—
Deed
related
$4,182,000 · First National Bank Of Pennsylvania
Dec 8, 2017
—
Scotts Bbq INC
—
Deed
related
$3,000,000 · First Nat'l Bk/pa
Feb 8, 2017
—
Scotts Bbq INC
—
Deed
related
$1,500,000 · Citizens Bk/pa
Sep 27, 2011
—
Scotts Bbq INC
—
Grant Deed
related
$1,500,000 · Citizens Bk/pa
—
—
Scotts Bbq INC
—
Deed Of Trust
related
$563,917 · Citizens Bank Pennsylvania
—
—
Scotts Bbq INC
—
Loan Modification
related
$1,500,000 · Citizens Bk/pa
—
—
Scotts Bbq INC
—
Deed Of Trust
related
$3,000,000 · First Nat'l Bk/pa
—
—
Scotts Bbq INC
—
Deed Of Trust
related
$1,000,000 · 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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