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    Property profile & analytics

    725 38th St Erie, PA 16508-2626

    • Turn key restaurants
    • 2,280 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US73-1135457
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Little Caesars Pizza / Pizza Takeout / Pizza Restaurant

    Property Details for 725 38th St

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property size
    2,280 SF
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    19-061-011.0-201.00
    APU
    19061011020100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $370,000
      Mixed-Use
      $340,000
      Hospitality
      $305,000
      Educational
      $325,000
      Residential Income
      $325,000
      Energy
      $320,000
      Income-Based Land
      $345,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0835
    Latitude
    42.0955
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,345
    $140,500
    $0.00
    $140,500
    -
    $140,500
    $0.00
    $140,500

    Comparable in this City

    • Value Estimation
      $220,000
      1,991 SF

      2614 Glenwood Park Ave

      RESTAURANT • 1,991 SF
      2614 Glenwood Park Ave, Erie, PA 16508-1811
      View Details
    • Value Estimation
      $150,000
      2,640 SF

      3740 Peach St

      RESTAURANT • 2,640 SF
      3740 Peach St, Erie, PA 16508-2646
      View Details
    • Value Estimation
      $250,000
      3,078 SF

      2605 Washington Ave

      RESTAURANT • 3,078 SF
      2605 Washington Ave, Erie, PA 16508-1345
      View Details
    • Value Estimation
      $325,000
      5,120 SF

      2040 38th St

      RESTAURANT • 5,120 SF
      2040 38th St, Erie, PA 16508-2020
      View Details
    • Value Estimation
      $180,000
      1,568 SF

      1606 38th St

      RESTAURANT • 1,568 SF
      1606 38th St, Erie, PA 16508
      View Details
    • Value Estimation
      $200,000
      4,902 SF

      1508 12th W 32nd St

      RESTAURANT • 4,902 SF
      1508 12th W 32nd St, Erie, PA 16508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,392 SF

      Erie, PA Retail Portfolio Investment

      Three remodeled retail buildings, high traffic.
      2178 38Th St, Erie, PA 16508
      View Details
    • $1,100,000

      Retail Property for Sale

      Retail property available for purchase.
      2178 W 38Th St, Erie, PA 16508
      View Details
    • $448,155
      3,377 SF

      Renovated Medical Office Near Hospital

      Fully renovated medical office space near St. Vincent Hospital.
      2626 Sigsbee St, Erie, PA 16508
      View Details
    • $65,000
      0.30 Acres

      Vacant Lots Near St. Vincent

      Three side-by-side vacant lots totaling 0.30 acres near St. Vincent.
      233 W 26Th St, Erie, PA 16508
      View Details
    • $425,000
      3,897 SF

      2626 Sigsbee St, Erie, PA 16508

      Commercial real estate • 3,897 SF
      2626 Sigsbee St, Erie, PA 16508
      View Details
    • New
      Contact for pricing
      0.13 Acres

      Erie, PA Land Opportunity

      Vacant lot in Erie, PA, with public utilities available.
      2627 Chestnut St, Erie, PA 16508
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,392 SF

      2178 38Th St

      Restaurants • 3,392 SF
      2178 38Th St, Erie, PA 16508
      View Details
    • $5 SF/Yr
      229,805 SF

      Liberty Center I Retail Space

      Erie, PA Retail Center: 12 Spaces Available
      3728 Liberty St, Erie, PA 16508
      View Details
    • $6,250 /Mo

      Retail Space For Lease

      Retail and restaurant spaces available in a large shopping center.
      3407 Liberty St, Erie, PA 16508
      View Details
    • $1.70 SF/Yr

      Retail Space Available For Rent

      Retail property available for lease.
      2178 W 38Th St, Erie, PA 16508
      View Details
    • $14 SF/Yr
      1,500 SF

      Erie Retail/Office Space Available

      Mixed-use space near Mercyhurst University, suitable for various businesses.
      2018 E 38Th St, Erie, PA 16508
      View Details
    • Contact for pricing
      3,888 SF

      Established Retail Location For Lease

      Retail spaces with long-term tenants, near Bayfront Connector.
      1713-1717 E 38Th St, Erie, PA 16508
      View Details

    Property Visit Statistics

    • Visits by month
      1.5k
    • Visitors by month
      759
    • Avg Time on site
      29 min
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    725 38th St
    Erie, PA 16508-2626
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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