808 18th St Erie, PA 16502-1638
Individually Owned
14-yr Hold
Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID
US73-5416615
Property summary
AI-generated overview
This 4,320-square-foot flex space building, located at 808 W 18th St, Erie, PA 16502, presents a remarkable opportunity. Situated on a 0.9-acre lot, this single-tenant property boasts a full basement and a convenient drive-in overhead door, enhancing its versatility. The building, constructed in 1953 and extensively renovated in 2024, is classified as Class C and features updated electrical systems to meet diverse operational needs. A shower is included, adding to its functional adaptability. The zoning is C-4, and prospective tenants should verify permitted uses with the Erie County zoning officer. The property's address is 808 W 18th St (Liberty St & W 18th St intersection), Erie, PA, with APN 16-030-036.0-421.00. The building's total square footage is 4,320 square feet, all of which is currently vacant. This property is ideal for a variety of businesses seeking a flexible and updated industrial space in a convenient Erie location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
WOOD
Total area
4,320 SF
Lot
0.09 ac (3,999 SF)
Zoning code
C1
APN
16-030-036.0-421.00
UPID
US73-5416615
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
since 2012
5 recorded transactions
Zoning & alternative use
C1 · Erie, PA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$220k
Value range
$198k – $242k
±10% around blend
Estimated value / SF
$51 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$198k
blend $220k
$242k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,320 SF
Lot area
0.09 ac
Year built
1953
Stories
2
APN
16-030-036.0-421.00
Assessed value
$63,800
Annual tax
$2,427
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$317k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.2 mi away · 3,062 SF
1.4 mi away · 4,440 SF
6.2 mi away · 3,506 SF
7.8 mi away · 3,392 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$220k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 127 sales
$82
-38%
County 180 sales
$72
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $51/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$64k
Move the market yield to see immediate price impact.
Value / SF
$15
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$4k
$80k
$57k
$45k
$4k
$89k
$64k
$50k
$5k
$98k
$70k
$55k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$215k
0.6 mi · Aug 2025 · $56/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,427
Tax year 2023
Assessed value
$63,800
Assessed 2024
Previous assessed
$63,800
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$8,000
Assessed improvement
$55,800
Land market value
$8,000
Improvement market value
$55,800
Total market value
$63,800
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Stories
2
Total area
4,320 SF
Lot
0.09 ac (3,999 SF)
Zoning code
C1
APN
16-030-036.0-421.00
UPID
US73-5416615
Jurisdiction
ERIE
Zoning & alternative use
C1 · Erie, PAZoning C1 · permitted uses
C1 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Erie, PA
Recorded code
C1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Erie, PA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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