Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    175 Progress Dr Bellefonte, PA 16823-7459

    • Warehouses
    • 19.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4704225
    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

    • Warehouses

    Property Details for 175 Progress Dr

    Lot size
    19.93 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    12-005-,500A,0007-
    APU
    12005500A0007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellefonte
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.7735
    Latitude
    40.8685
    CBSA code
    44300
    CBSA name
    STATE COLLEGE, 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
    2024
    $69,860
    $199,650
    $942,050
    $1,141,700
    -
    $399,300
    $1,884,100
    $2,283,400

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      120 Cherry Ln

      MINI-WAREHOUSE, STORAGE • 0.07 Acres
      120 Cherry Ln, Bellefonte, PA 16823-1949
      View Details
    • Value Estimation by Request
      5.30 Acres

      Pleasant Vw Blvd

      MINI-WAREHOUSE, STORAGE • 5.30 Acres
      Pleasant Vw Blvd, Bellefonte, PA 16823
      View Details
    • Value Estimation by Request
      1,173 SF

      1477 Rock Rd

      MINI-WAREHOUSE, STORAGE • 1,173 SF
      1477 Rock Rd, Bellefonte, PA 16823-8002
      View Details
    • Value Estimation by Request
      0.25 Acres

      220 Beaver St

      MINI-WAREHOUSE, STORAGE • 0.25 Acres
      220 Beaver St, Bellefonte, PA 16823-1515
      View Details
    • Value Estimation by Request
      5.65 Acres

      1138 Pleasant Vw Blvd

      MINI-WAREHOUSE, STORAGE • 5.65 Acres
      1138 Pleasant Vw Blvd, Bellefonte, PA 16823
      View Details
    • Value Estimation by Request
      4.36 Acres

      F Old Curtin Rd

      MINI-WAREHOUSE, STORAGE • 4.36 Acres
      F Old Curtin Rd, Bellefonte, PA 16823
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,881 SF

      Turn-Key Industrial Outdoor Storage Facility

      9,881 SF industrial facility with gated outdoor storage yard.
      210 Rolling Ridge Dr, Bellefonte, PA 16823
      View Details
    • Contact for pricing
      76.80 Acres

      76 Acres Industrial Land, Bellefonte, PA

      Prime Industrial Land Near I-99
      0 Rishel Hill Rd, Bellefonte, PA 16823
      View Details
    • $165,000
      8.82 Acres

      8.82 Acres Near Downtown Bellefonte

      8.82 acres suitable for retail, commercial, and self-storage.
      N Allegheny St, Bellefonte, PA 16823
      View Details
    • $81,500
      0.49 Acres

      Residential Land in Bellefonte, PA

      Land in Bellefonte, PA, with public water and sewer.
      Josie Dr, Bellefonte, PA 16823
      View Details
    • $75,500
      0.40 Acres

      Land in Bellefonte Area School

      Land with public water and sewer in Bellefonte, PA.
      Landon Dr, Bellefonte, PA 16823
      View Details
    • Contact for pricing

      Land and Space Near University

      Land and space available near Interstate 99 and Penn State.
      170 Buckaroo Ln, Bellefonte, PA 16823
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Bellefonte Executive Office Space

      Prime PA location, multiple suites available.
      170 Buckaroo Ln, Bellefonte, PA 16823
      View Details
    • $15 SF/Yr
      262,667 SF

      BELLEFONTE Office Space For Lease

      7000 sq ft office space in BELLEFONTE, PA.
      194 Match Factory Pl, Bellefonte, PA 16823
      View Details
    • Contact for pricing

      Land and Retail Space Available

      Land and retail space for sale or lease near Penn State.
      170 Buckaroo Ln, Bellefonte, PA 16823
      View Details
    • $15 SF/Yr

      Spacious Office Space Available

      7000 sq ft office space near State College.
      194 Match Factory Pl, Bellefonte, PA 16823
      View Details
    • $15 SF/Yr

      Match Factory Office Space Available

      Office space for lease with private amenities in Bellefonte.
      100 Match Factory Pl, Bellefonte, PA 16823
      View Details
    • $100,000
      204,732 SF

      Benner Pike Commercial Land Opportunity

      Prime 4+ acre commercial land for lease.
      0 Benner Pike, Pleasant Gap, PA 16823
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    175 Progress Dr
    Bellefonte, PA 16823-7459
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.