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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Automotive properties
8670 Peach St 8680 Erie, PA 16509-4721
Entity Owned
Free & Clear
Property ID
US73-2877722
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1978
Construction
FRAME
Total area
26,770 SF
Lot
31.55 ac (1,374,144 SF)
Zoning code
B1
APN
40-016-072.0-038.01
UPID
US73-2877722
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
-
Service Center at New Motors Subaru Auto Repair Shop
-
Parts Store at New Motors Subaru Auto Parts Store
-
Parts Store at New Motors Volkswagen Auto Parts Store
-
New Motors Subaru Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.80M
Owner & transaction history
Erie Apa Rev LLC
Erie Apa Rev LLC
since 2025
Last sale
$18,000
6 recorded transactions
Zoning & alternative use
B1 · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+18.5%
Restaurant
$2.2M
+18.4%
Retail stores
$2.2M
+18.1%
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
AUTO REPAIR, GARAGE
$1,860,000
Current use
OFFICE BUILDING
$2,205,000
Change: +19% · Conversion: Difficult
RESTAURANT
$2,200,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$2,195,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $18k (Apr 22 2021)
Last sale anchor
$18k
Apr 22 2021
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
$104 / 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
$59,244
Tax year 2023
Assessed value
$2,978,600
Assessed 2024
Previous assessed
$2,978,600
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$952,400
Assessed improvement
$2,026,200
Land market value
$952,400
Improvement market value
$2,026,200
Total market value
$2,978,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
NONE
Buildings
4
Total area
26,770 SF
Lot
31.55 ac (1,374,144 SF)
Zoning code
B1
APN
40-016-072.0-038.01
UPID
US73-2877722
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
1978
Construction
FRAME
Heating
NONE
Buildings
4
Lot
31.55 ac
Current owner
From public records · entity-resolved
Erie Apa Rev LLC
Entity
Free & Clear · 0 yrs held
Mailing address
8670 PEACH ST, ERIE, PA 16509-4721
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
$12,000,000
Erie Apa Rev LLC
New Realty LP
Special Warranty Deed
—
Apr 22, 2021
—
New Realty LP
New Realty LP
Intrafamily Transfer
related
—
Apr 30, 2020
—
New Realty LP
New Realty LP
Quit Claim Deed
related
—
Jan 2, 2020
—
New Realty LP
—
Deed
related
$4,624,000 · Bmw Fin'l Svcs
Mar 24, 2011
—
New Realty Co
—
Deed Of Trust
related
$1,288,811 · Pnc Bank
—
—
New Realty LP
—
Deed Of Trust
related
$4,624,000 · Bmw Fin'l Svcs
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.
Try Rey
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