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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Manufacturing properties
8100 Hawthorne Dr, Erie, PA 16509-4654
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0047112
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Construction
FRAME
Total area
60,703 SF
Lot
15.8 ac (688,379 SF)
Zoning code
R2
APN
40-017-073.0-019.18
UPID
US73-0047112
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
-
Composiflex Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.35M
Owner & transaction history
Hannibal Property Management LLC · 4 yrs held
Hannibal Property Management LLC
since 2021
7 recorded transactions
Zoning & alternative use
R2 · Erie, 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 Erie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Erie 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
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,065,000
Current use
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$22 / 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
$36,504
Tax year 2023
Assessed value
$1,835,300
Assessed 2024
Previous assessed
$1,835,300
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$311,100
Assessed improvement
$1,524,200
Land market value
$311,100
Improvement market value
$1,524,200
Total market value
$1,835,300
Applied tax rate
40.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
NONE
Stories
4
Total area
60,703 SF
Lot
15.8 ac (688,379 SF)
Zoning code
R2
APN
40-017-073.0-019.18
UPID
US73-0047112
Jurisdiction
ERIE
Zoning & alternative use
R2 · Erie, PA
Zoning R2 · permitted uses
R2 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Erie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
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
1997
Construction
FRAME
Heating
NONE
Stories
4
Lot
15.8 ac
Current owner
From public records · entity-resolved
Hannibal Property Management LLC
Entity
Mailing address
8100 HAWTHORNE DR, ERIE, PA 16509-4654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Aug 2, 2022
—
Hannibal Property Management LLC
—
Deed
related
$2,760,000 · First National Bank Of Pennsylvania
Apr 13, 2022
—
Hannibal Property Management LLC
—
Deed
related
$2,760,000 · First National Bank Of Pennsylvania
Oct 8, 2021
—
Hannibal Property Management LLC
Hannibal Property Management LP
Intrafamily Transfer
related
—
Jun 7, 2011
—
Hannibal Property Mgmt LP
Hannibal Property Mgmt LP
Quit Claim Deed
related
—
Apr 19, 2011
—
Hannibal Property Mgmt LP
—
Deed Of Trust
related
$1,227,600 · First Niagara Bank
Nov 2, 2005
—
Hannibal Property Mgmt
Greater Erie Indl Dev Corp
Grant Deed
—
Nov 2, 2005
$1,229,590
Greater Erie Indl Dev Corp
Hannibal Property Management L
Grant Deed
$1,024,657 · Pennsylvania Ind'l Dev Auth
—
—
Hannibal Property Management
—
Deed Of Trust
related
$90,000 · Redevelopment Authority Erie
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.
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