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Property profile & analytics
OFF-MARKET
Manufacturing properties
9843 Martin Ave Lake City, PA 16423-1526
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0738024
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Total area
286,300 SF
Lot
39.61 ac (1,725,412 SF)
Zoning code
M1
APN
28-016-020.0-001.00
UPID
US73-0738024
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
-
York-Seaway Inc General Contractor
-
Lake Erie Portable Screeners Industrial Manufacturer Production Facility
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
Child Development Centers INC · 1 yrs held
Child Development Centers INC
since 2024
Last sale
$110,000
7 recorded transactions
Zoning & alternative use
M1 · Lake City, 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 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
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
$50,988
Tax year 2023
Assessed value
$1,740,200
Assessed 2024
Previous assessed
$1,740,200
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$344,400
Assessed improvement
$1,395,800
Land market value
$344,400
Improvement market value
$1,395,800
Total market value
$1,740,200
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Heating
NONE
Stories
5
Total area
286,300 SF
Lot
39.61 ac (1,725,412 SF)
Zoning code
M1
APN
28-016-020.0-001.00
UPID
US73-0738024
Jurisdiction
ERIE
Zoning & alternative use
M1 · Lake City, PA
Zoning M1 · permitted uses
M1 · Lake City, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
5
Lot
39.61 ac
Current owner
From public records · entity-resolved
Child Development Centers INC
Entity
Mailing address
9843 MARTIN AVE, LAKE CITY, PA 16423-1526
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$110,000
Child Development Centers INC
Rj York LLC
Special Warranty Deed
$99,000 · Enterprise Development Fund Of Erie
Jul 20, 2023
—
Rj York LLC
—
Deed
related
$300,000 · Eriebank A Divison Of Cnb Bank
Oct 25, 2021
—
Rj York LLC
—
Deed
related
$202,467 · First National Bank Of Pennsylvania
Aug 3, 2021
—
Rj Youk LLC
—
Deed
related
$1,000,646 · First National Bank Of Pennsylvania
Jan 3, 2020
—
Rj York LLC
—
Deed
related
$130,000 · Eriebank
Apr 29, 2005
—
Eidco INC
Rj York LLC
Grant Deed
$1,750,000 · First National Bank Pa
Jan 31, 2005
$2,100,000
Rj York LLC
Spx Corp
Deed
$1,750,000 · First National Bank Of Pennsylvania
Aug 7, 2001
—
General Signal Corp
—
Deed Of Trust
related
$1,650,000,000 · Chase Manhattan Bank Trustee
—
—
Rj York LLC
—
Deed Of Trust
related
$130,000 · Eriebank
—
—
Rj York LLC
—
Deed Of Trust
related
$200,000 · Northwest Pennsylvania Regiona
—
—
Rj York LLC
—
Deed Of Trust
related
$500,000 · Redevelopment Authority Erie
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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