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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Manufacturing properties
8127 Nathan Cir Erie, PA 16509-4685
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2744250
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
56,515 SF
Lot
11.1 ac (483,516 SF)
Zoning code
R2
APN
40-017-073.0-019.07
UPID
US73-2744250
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
-
Enjet Aero Erie Industrial Manufacturer Production Facility
-
Greater Erie Industrial Development Corporation Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$3.15M
Owner & transaction history
Mip 8127 Anthan Circle LLC · 4 yrs held
Mip 8127 Anthan Circle LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
R2 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+142.0%
Restaurant
$4.7M
+141.9%
Retail stores
$4.6M
+141.3%
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
$3,330,000
ML approach
$3,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,920,000
Current use
OFFICE BUILDING
$4,650,000
Change: +142% · Conversion: Difficult
RESTAURANT
$4,650,000
Change: +142% · Conversion: Difficult
RETAIL STORES
$4,635,000
Change: +141% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,615,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,925,000
Change: +104% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,485,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,090,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.00M (Feb 10 2022)
Last sale anchor
$3.00M
Feb 10 2022
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
$56 / 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
$42,425
Tax year 2023
Assessed value
$2,133,000
Assessed 2024
Previous assessed
$2,133,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$280,500
Assessed improvement
$1,852,500
Land market value
$280,500
Improvement market value
$1,852,500
Total market value
$2,133,000
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
1998
Heating
NONE
Stories
3
Total area
56,515 SF
Lot
11.1 ac (483,516 SF)
Zoning code
R2
APN
40-017-073.0-019.07
UPID
US73-2744250
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
$1.9M
OFFICE BUILDING
Est. value
$4.7M
RESTAURANT
Est. value
$4.7M
RETAIL STORES
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1998
Heating
NONE
Stories
3
Lot
11.1 ac
Current owner
From public records · entity-resolved
Mip 8127 Anthan Circle LLC
Entity
Mailing address
130 W 42ND ST FL, NEW YORK, NY 10036-7804
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$3,000,000
Mip 8127 Anthan Circle LLC
Nl Ventures Xi Nathan LLC
Special Warranty Deed
$105,000,000 · Bank Of Montreal
May 27, 2021
—
Enjet Aero Erie INC
Nl Venrtures Xi Nathan LLC
Lease
—
May 27, 2021
$2,300,000
Nl Ventures Xi Nathan LLC
Enjet Aero Erie INC
Special Warranty Deed
—
Mar 25, 2020
—
Enjet Aero Erie INC
—
Deed
related
$95,500,000 · Umb Bk
Mar 9, 2017
—
H & H Aero INC
—
Grant Deed
related
$18,914,667 · Umb Bk
Apr 1, 2015
$1,800,000
H & H Aero INC
Greater Erie Indl Dev Corp
Grant Deed
$1,360,000 · Keybank USA
Jun 23, 2008
$2,200,000
Greater Erie Industrial Development
Fourth Generation Realty LLC
Corporation Deed
$874,422 · First National Bank Of Pennsylvania
—
—
Greater Erie Indl Dev Corp
—
Deed Of Trust
related
$874,422 · First National Bank Pa
—
—
Enjet Aero Erie INC
—
Loan Modification
related
$95,500,000 · Umb Bk
—
—
Greater Erie Indl Dev Corp
—
Deed Of Trust
related
$250,000 · Redevelopment Authority Erie
—
—
Greater Erie Indl Dev Corp
—
Deed Of Trust
related
$874,422 · Pennsylvania Ind'l Dev Auth
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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