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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Bars & Pubs
497-499 Freeport Rd Freeport, PA 16229
Individually Owned
2-yr Hold
Free & Clear
Property ID
US73-5079863
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1979
Total area
10,259 SF
Lot
60.93 ac (2,654,198 SF)
Zoning code
LIGHT/INDUSTRIAL
APN
17-0-070410
UPID
US73-5079863
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$822k
Blend (final)
Blend
$750k
Owner & transaction history
Robert W Barr · 2 yrs held
Robert W Barr
since 2024
Last sale
$750,000
1 recorded transaction
Zoning & alternative use
LIGHT/INDUSTRIAL · Freeport, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$935,000
+19.5%
Office building
$860,000
+9.9%
Retail stores
$830,000
+6.2%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$785,000
Current use
AUTO REPAIR, GARAGE
$935,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$830,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$735,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Jan 22 2024)
Last sale anchor
$750k
Jan 22 2024
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
$73 / 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
$17,224
Tax year 2024
Assessed value
$170,520
Assessed 2024
Previous assessed
$170,520
+0.0% YoY
Effective rate
10.10%
On assessed value
Assessed land
$125,860
Assessed improvement
$44,660
Land market value
$359,600
Improvement market value
$127,600
Total market value
$487,200
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
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Stories
2
Total area
10,259 SF
Lot
60.93 ac (2,654,198 SF)
Zoning code
LIGHT/INDUSTRIAL
APN
17-0-070410
UPID
US73-5079863
Jurisdiction
ARMSTRONG
Zoning & alternative use
LIGHT/INDUSTRIAL · Freeport, PAZoning LIGHT/INDUSTRIAL · permitted uses
LIGHT/INDUSTRIAL · Freeport, PA
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
RESTAURANT Current
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$935,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$735,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1979
Heating
NONE
Stories
2
Buildings
2
Lot
60.93 ac
Current owner
From public records · entity-resolved
Robert W Barr
Individual
Free & Clear · 2 yrs held
Mailing address
269 RTE 908, NATRONA HEIGHTS, PA 15065-2998
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
$750,000
Robert W Barr
Michael J Graff
Deed
—
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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