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Property profile

7870 W Ridge Rd Fairview, PA 16415

FOR LEASE
Retail space
Property ID
US73-0052985
21,492 SF 2.3 ac lot Built 1994
Last sale Apr 2006 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This self-storage portfolio consists of three storage facilities located in Fairview, Erie, and McKean County, Pennsylvania, geographically concentrated within approximately 3 to 10 miles of one another. Across the portfolio, the facilities include 12 climate-controlled units, 422 non-climate units, 12 office spaces, and 1 covered parking space, for a total of 77,976 net rentable square feet, on a combined land area of 11.40 acres. The facilities provide street frontage across the portfolio,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$392k
Assessed land$81k
Assessed improvement$311k
Effective rate2.67%

Value estimate

· Oct 2026
$405k
$365k – $446k
AI approach$405k
Submarket $/SF estimate$731k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$756
Operating expenses−$2k
NOI · 50,122.22% cap applied$5k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
County average, outlier-cleaned · 180 recorded sales of this use type
Observed band · Q1–Q3$34 – $110
Qualifying comparables3

Cap rate analysis

How does the asset earn?
50,122.22%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply12.4
Auto Parts Store10.5
Electrical Service9.9

Location

7870 W Ridge Rd Fairview, PA 16415
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 8 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7480 Lk, Fairview, PA 16415 $215,000 Feb 2024 3,953 SF
3952 Avonia, Fairview, PA 16415-1070 $125,000 Oct 2020 3,120 SF
7402 Rdg, Fairview, PA 16415-1170 $258,000 Aug 2020 2,562 SF
7470 72nd W Rdg, Fairview, PA 16415 $375,000 Nov 2018 4,026 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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