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    Property profile & analytics

    Walnut St X 502nd W 18th St St Erie, PA 16502

    • Bars
    • 5,736 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $70,000
    Last Sale
    Mar 01, 2024
    $50,000
    Location Intelligence
    Property ID
    US73-2881059
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for Walnut St X 502nd W 18th St St

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    5,736 SF
    Zone code
    C1
    Property type
    Bars
    Property subtype
    Pubs
    APN
    16-030-026.0-100.00
    APU
    16030026010000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.0891
    Latitude
    42.1146
    CBSA code
    21500
    CBSA name
    ERIE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,123
    $4,500
    $51,300
    $55,800
    -
    $4,500
    $51,300
    $55,800

    Comparable in this City

    • Value Estimation
      $100,000
      2,088 SF

      363 8th St

      BAR, TAVERN • 2,088 SF
      363 8th St, Erie, PA 16502-1476
      View Details
    • Value Estimation
      $225,000
      4,980 SF

      1002 4th W 8th St

      BAR, TAVERN • 4,980 SF
      1002 4th W 8th St, Erie, PA 16502
      View Details
    • Value Estimation by Request
      1,664 SF

      2104 Hampton Rd

      BAR, TAVERN • 1,664 SF
      2104 Hampton Rd, Erie, PA 16502-2047
      View Details
    • Value Estimation by Request
      5,401 SF

      517 18th St

      RESTAURANT • 5,401 SF
      517 18th St, Erie, PA 16502-1722
      View Details
    • Value Estimation
      $280,000
      1,120 SF

      302 8th St

      RESTAURANT • 1,120 SF
      302 8th St, Erie, PA 16502-1411
      View Details
    • Value Estimation by Request
      7,522 SF

      2207 Peach St, Unit 9

      RESTAURANT • 7,522 SF
      2207 Peach St, Erie, PA 16502-2820
      View Details

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    Erie, PA 16502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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