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Financial
Distress signals
Property profile

861 38th St Erie, PA 16504

OFF-MARKET
Office buildings
Property ID
US73-0931315
5,040 SF 0.76 ac lot Built 2003
Last sale Jan 2020 · $510,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial space located on East 38th Street in a high-traffic area near a local university, with an additional nearby college within driving and delivery distance. The interior comprises approximately 2,520 square feet and is currently configured and equipped for restaurant use; the space can be retrofitted for other purposes such as office or retail. The building layout allows for subdivision into smaller configurations, and restaurant equipment has been made available as…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$440k
Assessed land$165k
Assessed improvement$274k
Effective rate3.80%

Value estimate

· Oct 2026
$480k
$432k – $528k
AI approach$430k
Submarket $/SF estimate$594k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$39 – $145
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RLB
RLB Residential Limited Commercial District is primarily for residential uses, home occupations, and limited commercial uses, generally l...
General categoryINDUSTRIAL
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.3
Law Firm24.3
Spa & Massage15.8

Location

861 38th St Erie, PA 16504-1768
County assessor Recorded deeds · 8 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 17 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3125 French, Erie, PA 16504-1068 $155,000 Aug 2024 4,640 SF
3025 French, Erie, PA 16504-1066 $57,500 Dec 2020 1,513 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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