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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Outlet malls
408 High St Freeport, PA 16229-1110
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1384980
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1955
Total area
10,947 SF
Lot
0.49 ac (21,170 SF)
Zoning code
COMMERCIAL/CONSERVATION
APN
17-0-009872
UPID
US73-1384980
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
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.62M
Owner & transaction history
Spirit Realty LP · 5 yrs held
Spirit Realty LP
since 2021
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
COMMERCIAL/CONSERVATION · Freeport, 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 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
$1,695,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.64M (Jul 2 2021)
Last sale anchor
$1.64M
Jul 2 2021
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
$148 / 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
$35,943
Tax year 2024
Assessed value
$355,840
Assessed 2024
Previous assessed
$355,840
+0.0% YoY
Effective rate
10.10%
On assessed value
Assessed land
$185,380
Assessed improvement
$170,460
Land market value
$529,650
Improvement market value
$487,040
Total market value
$1,016,690
Applied tax rate
17.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1955
Heating
NONE
Stories
1
Total area
10,947 SF
Lot
0.49 ac (21,170 SF)
Zoning code
COMMERCIAL/CONSERVATION
APN
17-0-009872
UPID
US73-1384980
Jurisdiction
ARMSTRONG
Zoning & alternative use
COMMERCIAL/CONSERVATION · Freeport, PA
Zoning COMMERCIAL/CONSERVATION · permitted uses
COMMERCIAL/CONSERVATION · Freeport, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Spirit Realty LP
Entity
Mailing address
PO BOX 460369, HOUSTON, TX 77056-8369
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$1,639,258
Spirit Realty LP
Freeport Dpp LLC
Special Warranty Deed
—
Sep 8, 2020
—
Freeport Dpp LLC
—
Deed
related
$1,221,312 · Firstbank
Dec 27, 2016
—
Ronald Mailki
—
Deed
related
$120,000 · Nextier Bk NA
May 4, 2016
$175,000
Ronald Mailki
Freeport Area School District
Warranty Deed
—
—
—
Ronald Mailki
—
Deed Of Trust
related
$120,000 · Nextier Bk NA
—
—
Freeport Dpp LLC
—
Deed Of Trust
related
$1,221,312 · Firstbank
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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