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Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Other commercial real estate
9192 Middle Rd Lake City, PA 16423-2120
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-2173677
Property profile
Verified
Property type
Other commercial real estate
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
WOOD
Total area
9,990 SF
Lot
4.2 ac (182,952 SF)
Zoning code
R2
APN
24-004-015.0-021.00
UPID
US73-2173677
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
-
Bob Vanicek Precision Machining Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$300k
Owner & transaction history
Robert J Vanicek · 11 yrs held
Robert J Vanicek
since 2014
2 recorded transactions
Zoning & alternative use
R2 · Lake City, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$880,000
+138.8%
Office building
$760,000
+106.0%
Restaurant
$735,000
+98.9%
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
APARTMENT HOUSE (5+ UNITS)
$880,000
Change: +139% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: +106% · Conversion: Difficult
RESTAURANT
$735,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +94% · Conversion: Moderate
AUTO REPAIR, GARAGE
$705,000
Change: +92% · Conversion: Easy
COMMERCIAL (GENERAL)
$470,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$300k
Range $270k – $330k · ±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
$30 / 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
$8,851
Tax year 2023
Assessed value
$326,000
Assessed 2024
Previous assessed
$326,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$55,500
Assessed improvement
$270,500
Land market value
$55,500
Improvement market value
$270,500
Total market value
$326,000
Applied tax rate
24.0000
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
Other commercial real estate
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
2
Stories
4
Total area
9,990 SF
Lot
4.2 ac (182,952 SF)
Zoning code
R2
APN
24-004-015.0-021.00
UPID
US73-2173677
Jurisdiction
ERIE
Zoning & alternative use
R2 · Lake City, PAZoning R2 · permitted uses
R2 · Lake City, 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$880,000
OFFICE BUILDING
Est. value
$760,000
RESTAURANT
Est. value
$735,000
RETAIL STORES
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$470,000
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1990
Construction
WOOD
Heating
NONE
Stories
4
Buildings
2
Lot
4.2 ac
Current owner
From public records · entity-resolved
Robert J Vanicek
Individual
Mailing address
8800 FRANCIS RD, GIRARD, PA 16417-7708
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Arrow Head Property Management LLC
—
Deed
related
$480,000 · Northwest Bank
Oct 21, 2014
$212,718
Robert J Vanicek
Nancy J Schaaf
Fiduciary Deed
$112,000 · First National Bank Of Pennsylvania
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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