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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Industrial properties
187 Northpointe Blvd, Freeport, PA 16229-2621
Individually Owned
9-yr Hold
Free & Clear
Property ID
US73-3245962
Property summary
AI-generated overview
This exceptional coworking opportunity is located at 187 Northpointe Blvd in Freeport, Pennsylvania, within the RIDC Armstrong Innovation Park. The property offers four available spaces ranging from 1,045 to 8,841 square feet, ideal for businesses of various sizes. The building, constructed in 2011, features a blend of brick, stone, and metal, showcasing a modern aesthetic. Amenities include a passenger elevator servicing both the one and two-story sections, along with shared men's and women's restrooms, and convenient common kitchen and lounge areas on both floors. The building boasts an efficient geothermal HVAC system, included in the rental cost, ensuring comfortable year-round temperatures. Power is provided by a robust 1600 Amp system (208/120v, 3p, 4w). Ample parking is available with 114 spaces (3.64 per 1,000 square feet). Security features include keyfob access and exterior video monitoring. Enjoy abundant natural light throughout the building and access to outdoor patio spaces offering scenic views of Armstrong County. This property is situated in Armstrong County, PA, zip code 16229.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2013
Total area
34,415 SF
Lot
8.54 ac (371,915 SF)
APN
44-0-069026
UPID
US73-3245962
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
-
Allegheny Digital IT Consulting Firm Tech Support Center
-
NanoVision Diagnostics Medical Clinic
-
ADEX Medical Staffing LLC - Pittsburgh Employment Agency
-
Trio Motion Technology Industrial Manufacturer Production Facility
-
Steve Gilliland Theater & Performing Art Venue Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.95M
Owner & transaction history
Rodney George · 9 yrs held
Rodney George
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+144.5%
Office building
$2.9M
+124.9%
Retail stores
$2.8M
+117.4%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,285,000
Current use
AUTO REPAIR, GARAGE
$3,135,000
Change: +145% · Conversion: Easy
OFFICE BUILDING
$2,885,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$2,790,000
Change: +117% · Conversion: Moderate
RESTAURANT
$2,625,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,460,000
Change: +92% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,015,000
Change: +57% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,475,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$57 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$101,917
Tax year 2024
Assessed value
$1,111,300
Assessed 2024
Previous assessed
$1,111,300
+0.0% YoY
Effective rate
9.17%
On assessed value
Assessed land
$591,050
Assessed improvement
$520,250
Land market value
$1,688,720
Improvement market value
$1,486,420
Total market value
$3,175,140
Applied tax rate
44.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2013
Heating
NONE
Stories
2
Total area
34,415 SF
Lot
8.54 ac (371,915 SF)
APN
44-0-069026
UPID
US73-3245962
Jurisdiction
ARMSTRONG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
RESTAURANT
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
2
Lot
8.54 ac
Current owner
From public records · entity-resolved
Rodney George
Individual
Free & Clear · 9 yrs held
Mailing address
187 NORTHPOINTE BLVD, FREEPORT, PA 16229-2621
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2016
$2,670
Rodney George
Armstrong Cnty Volunteer Firem
Warranty Deed
related
—
Sep 29, 2014
$1,250,000
Armstrong Cnty Indl Dev Counc
Armstrong Cnty Indl Dev Autho
Grant Deed
related
—
Apr 15, 2014
—
Armstrong Cnty Indl Dev Counc
Armstrong Cnty Indl Dev Autho
Quit Claim Deed
related
—
Feb 25, 2014
—
Armstrong Cnty Indl Dev Counc
Armstrong Cnty Indl Dev Autho
Quit Claim Deed
related
—
Dec 9, 2009
—
Armstrong Co Indl Dev Auth
Owner Name Unavailable
Grant Deed
related
—
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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