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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Hotels
State St Erie, PA 16550-0001
Individually Owned
20-yr Hold
Free & Clear
Property ID
US73-4178000
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
FRAME
Total area
103,358 SF
Lot
2.77 ac (120,661 SF)
Zoning code
WC
APN
17-040-049.0-202.00
UPID
US73-4178000
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Erie Cnty Convention Center Au · 20 yrs held
Erie Cnty Convention Center Au
since 2005
1 recorded transaction
Zoning & alternative use
WC · Erie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
W-C and W-C2 (Waterfront Commercial Districts) shall be designed for residential, commercial, recreational and historical uses. (b)
Zone name
Waterfront Commercial
General category
COMMERCIAL
Zone area
371.86 ac
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
$20 / 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
Assessed value
$25,761,800
Assessed 2024
Previous assessed
$25,761,800
+0.0% YoY
Assessed land
$1,809,900
Assessed improvement
$23,951,900
Land market value
$1,809,900
Improvement market value
$23,951,900
Total market value
$25,761,800
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
NONE
Buildings
2
Stories
8
Total area
103,358 SF
Lot
2.77 ac (120,661 SF)
Zoning code
WC
APN
17-040-049.0-202.00
UPID
US73-4178000
Jurisdiction
ERIE
Zoning & alternative use
WC · Erie, PAZoning WC · permitted uses
WC · Erie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
W-C and W-C2 (Waterfront Commercial Districts) shall be designed for residential, commercial, recreational and historical uses. (b)
Zone name
Waterfront Commercial
General category
COMMERCIAL
Zone area
371.86 ac
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
NONE
Stories
8
Buildings
2
Lot
2.77 ac
Current owner
From public records · entity-resolved
Erie Cnty Convention Center Au
Individual
Free & Clear · 20 yrs held
Mailing address
809 FRENCH ST, ERIE, PA 16501-1275
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2005
$1,250,000
Erie Cnty Convention Center Au
Erie-wstn Pennsylvania Port Au
Grant Deed
—
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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