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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Warehouses
7301 Klier Dr Fairview, PA 16415-2465
Entity Owned
~
Est. High Equity
Property ID
US73-2378629
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
82,802 SF
Lot
8.73 ac (380,279 SF)
Zoning code
A1
APN
21-064-116.0-047.00
UPID
US73-2378629
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
-
Formtech Enterprises, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.01M
Owner & transaction history
Proform Properties LLC
Proform Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
A1 · Fairview, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
WAREHOUSE, STORAGE
$3,055,000
Current use
INDUSTRIAL (GENERAL)
$2,545,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±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
$24 / 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
$68,403
Tax year 2023
Assessed value
$2,560,400
Assessed 2024
Previous assessed
$2,560,400
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$436,500
Assessed improvement
$2,123,900
Land market value
$436,500
Improvement market value
$2,123,900
Total market value
$2,560,400
Applied tax rate
21.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Stories
5
Total area
82,802 SF
Lot
8.73 ac (380,279 SF)
Zoning code
A1
APN
21-064-116.0-047.00
UPID
US73-2378629
Jurisdiction
ERIE
Zoning & alternative use
A1 · Fairview, PA
Zoning A1 · permitted uses
A1 · Fairview, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
2006
Construction
STEEL FRAME
Heating
NONE
Stories
5
Lot
8.73 ac
Current owner
From public records · entity-resolved
Proform Properties LLC
Entity
Mailing address
7301 KLIER DR, FAIRVIEW, PA 16415-2465
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jul 23, 2025
$2,780,808
Proform Properties LLC
Fountainhead Enterprises LLC
Special Warranty Deed
$100,000 · Bokf NA
Jun 10, 2009
—
Fountainhead Leasing LLC
—
Trustees Deed
related
$3,950,000 · Huntington National Bank
Sep 26, 2005
—
Fountainhead Leasing LLC
—
Trustees Deed
related
$250,000 · Redevelopment Authority Erie
Sep 16, 2005
—
Greater Erie Indl Dev Corp
Fountainhead Leasing LLC
Grant Deed
$3,950,000 · Huntington National Bank
Sep 15, 2005
$455,800
Fountainhead Ents LLC
Greater Erie Indl Dev Corp
Grant Deed
$3,950,000 · Huntington National Bank
May 27, 2004
—
Greater Erie Indl Dev Corp
Greater Erie Indl Dev Corp
Quit Claim Deed
related
—
—
—
Fountainhead Ents LLC
—
Deed Of Trust
related
$1,805,000 · Peoples Bk
—
—
Fountainhead Leasing LLC
—
Deed Of Trust
related
$200,000 · Enterprise Dev Fund Of Erie Cn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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