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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Garden apartment buildings
Zuck Rd, Erie, PA 16506
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-4210825
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Construction
WOOD
Total area
9,932 SF
Lot
4.75 ac (206,866 SF)
Zoning code
AB
APN
33-123-418.0-031.00
UPID
US73-4210825
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
$940k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$915k
Owner & transaction history
Plp Vb · 20 yrs held
Plp Vb
since 2006
7 recorded transactions
Zoning & alternative use
AB · Erie, 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 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%
$1,015,000
6.5%
$940,000
7%
$870,000
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$92 / 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
$48,343
Tax year 2023
Assessed value
$1,869,100
Assessed 2024
Previous assessed
$1,869,100
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$227,600
Assessed improvement
$1,641,500
Land market value
$227,600
Improvement market value
$1,641,500
Total market value
$1,869,100
Applied tax rate
33.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Buildings
5
Stories
12
Total area
9,932 SF
Lot
4.75 ac (206,866 SF)
Zoning code
AB
APN
33-123-418.0-031.00
UPID
US73-4210825
Jurisdiction
ERIE
Zoning & alternative use
AB · Erie, PA
Zoning AB · permitted uses
AB · 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.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
NONE
Stories
12
Buildings
5
Lot
4.75 ac
Current owner
From public records · entity-resolved
Plp Vb
Individual
Mailing address
2906 COPPERLEAF DR, ERIE, PA 16509-4382
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2017
—
Plp Vb
—
Deed
related
$3,000,000 · Keybank USA
Oct 6, 2010
—
Plp Vb
—
Deed Of Trust
related
$2,800,000 · First Niagara Bank
Apr 3, 2006
$282,610
Plp Vb
Plp V
Warranty Deed
$2,650,000 · Pnc Bank
May 31, 2005
$215,000
V Plp
Westminster Place Ptshp
Warranty Deed
$225,000 · Pnc Bank
Sep 16, 2004
$850,000
Westminster Place Ptshp
Metro Health Center INC
Grant Deed
$765,000 · First National Bank Pa
—
—
Plp Vb
—
Loan Modification
related
$2,480,361 · First Niagara Bk
—
—
Plp Vb
—
Deed Of Trust
related
$3,000,000 · Keybank USA
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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