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    Property profile & analytics

    7421 Perry Hwy Erie, PA 16509-6646

    • Office buildings
    • 4,184 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    $130,000
    Last Sale
    Jun 16, 2020
    $143,000
    Location Intelligence
    Property ID
    US73-1955766
    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

    • Office buildings

    Property Details for 7421 Perry Hwy

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.57 lot acres
    Property size
    4,184 SF
    Property type
    Office buildings
    APN
    40-011-043.0-001.00
    APU
    40011043000100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $130,000
      6.5%
      $125,000
      7%
      $135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $130,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $100,000
      Retail
      $120,000
      Mixed-Use
      $105,000
      Hospitality
      $125,000
      Educational
      $120,000
      Residential Income
      $95,000
      Energy
      $120,000
      Income-Based Land
      $110,000
      Food Service
      $110,000

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0422
    Latitude
    42.0727
    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
    $3,576
    $161,000
    $18,800
    $179,800
    -
    $161,000
    $18,800
    $179,800

    Comparable in this City

    • Value Estimation
      $400,000
      6,886 SF

      1815 Robison W Rd

      OFFICE BUILDING (MULTI-STORY) • 6,886 SF
      1815 Robison W Rd, Erie, PA 16509-4905
      View Details
    • Value Estimation
      $300,000
      2,562 SF

      4504 Peach St

      OFFICE BUILDING (MULTI-STORY) • 2,562 SF
      4504 Peach St, Erie, PA 16509-1368
      View Details
    • Value Estimation
      $360,000
      2,904 SF

      5219 Peach St

      OFFICE BUILDING (MULTI-STORY) • 2,904 SF
      5219 Peach St, Erie, PA 16509-2419
      View Details
    • Value Estimation by Request
      20,542 SF

      1230 Townhall W Rd

      OFFICE BUILDING (MULTI-STORY) • 20,542 SF
      1230 Townhall W Rd, Erie, PA 16509-5080
      View Details
    • Value Estimation by Request
      10,860 SF

      8811 Peach St

      OFFICE BUILDING (MULTI-STORY) • 10,860 SF
      8811 Peach St, Erie, PA 16509-4738
      View Details
    • Value Estimation by Request
      106,348 SF

      2000 Grandview Blvd

      OFFICE BUILDING (MULTI-STORY) • 106,348 SF
      2000 Grandview Blvd, Erie, PA 16509-1029
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Peach Street Office Suite

      Second floor office suite available September 2025 on Peach Street.
      4408 Peach St, Erie, PA 16509
      View Details

    Property Visit Statistics

    • Visits by month
      14.1k
    • Visitors by month
      11.5k
    • Avg Time on site
      15 min
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    Erie, PA 16509-6646
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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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