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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Individual retail properties
8155 Oliver Rd 8159 Erie, PA 16509-4683
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-0342945
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1995
Total area
86,674 SF
Lot
15.88 ac (691,733 SF)
Zoning code
B1
APN
40-016-072.0-003.00
UPID
US73-0342945
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
-
Erie Admirals Soccer Club Sports School Sports Field & Court
-
Family First Sports Park Gym & Fitness Center Sports Field & Court
-
PIA High School
-
Greater Regional Erie Athletic Team Training Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$515k
Owner & transaction history
Greater Regional Erie Athletic · 8 yrs held
Greater Regional Erie Athletic
since 2017
7 recorded transactions
Zoning & alternative use
B1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+38.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$2,645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,655,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$6 / 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
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
5
Stories
4
Total area
86,674 SF
Lot
15.88 ac (691,733 SF)
Zoning code
B1
APN
40-016-072.0-003.00
UPID
US73-0342945
Jurisdiction
ERIE
Zoning & alternative use
B1 · Erie, PAZoning B1 · permitted uses
B1 · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
GYM, HEALTH SPA Current
APARTMENT HOUSE (5+ UNITS)
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
1995
Heating
NONE
Stories
4
Buildings
5
Lot
15.88 ac
Current owner
From public records · entity-resolved
Greater Regional Erie Athletic
Individual
Mailing address
8161 OLIVER RD, ERIE, PA 16509-4621
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2017
—
Greater Regional Erie Athletic
—
Trustees Deed
related
$250,000 · Eriebank
Feb 12, 2010
—
Family First Sports Park Corp
—
Deed Of Trust
related
$4,850,000 · First Niagara Bank
—
—
Pennsylvania Academy Corp
—
Deed Of Trust
related
$600,000 · First Niagara Bk
—
—
Family First Sports Park Corp
—
Deed Of Trust
related
—
—
—
Family First Sports Park Corp
—
Deed Of Trust
related
$7,500,000 · First National Bank Pa
—
—
Summit Township Indl & Econom
—
Deed Of Trust
related
$500,000 · Greater Reg'l Erie Athletic Te
—
—
Greater Regl Erie Athletic Te
—
Deed Of Trust
related
$500,000 · Summit Township Ind'l & Econom
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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