Property profile

187 Northpointe Blvd Freeport, PA 16229

OFF-MARKET
Industrial properties
Property ID
US73-3245962
34,415 SF 8.54 ac lot Built 2013
Individually Owned 9-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • IT Consulting Firm Tech Support Center
  • Medical Clinic
  • Employment Agency
  • Industrial Manufacturer Production Facility
  • Theater & Performing Art Venue Nightclub

Location

187 Northpointe Blvd Freeport, PA 16229-2621
Freeport metro Census 951200 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$645k

Owner & transaction history

since 2016
5 recorded transactions
2016
$2,670
2014
$1.3M
2014
Price N/A
2014
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $3.1M +144.5%
Office building $2.9M +124.9%
Retail stores $2.8M +117.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 187 Northpointe Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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