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Property profile & analytics
OFF-MARKET
Investment properties
8215 Wattsburg Rd Erie, PA 16509-5861
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0746881
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Construction
WOOD
Total area
5,236 SF
Lot
0.44 ac (19,036 SF)
Zoning code
B1
APN
25-002-006.0-037.00
UPID
US73-0746881
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
-
Hamman Notary Service Law Firm
-
Reigel Electrical Services, Inc. Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Northwest Bk · 5 yrs held
Northwest Bk
since 2020
7 recorded transactions
Zoning & alternative use
B1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,295
Tax year 2023
Assessed value
$176,500
Assessed 2024
Previous assessed
$176,500
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$28,600
Assessed improvement
$147,900
Land market value
$28,600
Improvement market value
$147,900
Total market value
$176,500
Applied tax rate
25.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Buildings
2
Stories
4
Total area
5,236 SF
Lot
0.44 ac (19,036 SF)
Zoning code
B1
APN
25-002-006.0-037.00
UPID
US73-0746881
Jurisdiction
ERIE
Zoning & alternative use
B1 · Erie, PA
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Stories
4
Buildings
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Northwest Bk
Individual
Mailing address
4350 DEPOT RD, ERIE, PA 16510-5917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
—
R C Erie Holdings LLC
—
Deed
related
$295,798 · The Craig A Calabrese And Laura A Calbre
Sep 10, 2021
—
R C Erie Holdings LLC
—
Deed
related
$170,000 · Graig A Calabrese
Aug 14, 2020
$12,953
Northwest Bk
Sheriff Of Erie County|turner,james R & Lynette R
Foreclosure
—
Dec 3, 2015
$99,244
James R Turner JR
Bird,terry E
Warranty Deed
$245,000 · Northwest Svgs Bk
Nov 12, 2010
$175,000
James R Turner JR.
Montgomery John W
Grant Deed
$110,000 · Northwest Savings Bank
—
—
James R Turner
—
Deed Of Trust
related
$25,000 · Northwest Savings Bank
—
—
James R Turner
—
Deed Of Trust
related
$172,000 · Northwest Savings Bank
—
—
James R Turner
—
Deed Of Trust
related
$40,000 · Northwest Savings Bank
—
—
John W Montgomery
—
Deed Of Trust
related
$78,312 · Fnb Consumer Discount Co
—
—
James R Turner
—
Deed Of Trust
related
$41,000 · Northwest Savings Bank
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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