Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Available Commercial Space for Lease Title is generated by Realmo AI

    55 New Street, Ephrata, PA 17522

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial space available for lease in Ephrata, Pennsylvania.

    Type:Retail, Industrial
    Property size:
    40,756 SF
    Added:
    Jul 15, 2024
    Days on Market:
    691
    Last Refresh:
    May 12 at 10:51 pm

    Property Features for 55 New Street

    General Information

    Standard status
    Active
    Size
    40,756 SF
    Property subtype
    Retail, Industrial

    Spaces For Lease

    at 55 New Street Contact us

    Available Space $7/Mo

    Size
    17,600 SF
    Type
    Industrial
    Contact us

    Available Space $16/Mo

    Size
    8,900 SF
    Type
    Retail, Industrial
    Contact us

    We can help!

    Listing Contact
    Tom McDermott

    Listing agent Tom McDermott License #PA AB050727L

    Listing office U.S. Commercial Realty

    Listing date Jul 15, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of U.S. Commercial Realty

    HighLights

    • +40,756 SF available for lease, offering substantial space for various business needs.
    • Opportunity for owner/user investment.
    • Existing tenant base of 30+ businesses, indicating a thriving commercial environment.
    • Approximately 21,449 SF currently vacant and unfinished, allowing for customized build‑out.
    • Suitable for businesses of all sizes and types.
    • New Street Commons location.

    Overview

    Located in Ephrata, Pennsylvania, this commercial property, known as New Street Commons, features space available for lease. The property is home to over 30 businesses of various sizes and types. The available space totals approximately 40,756 square feet. Approximately 21,449 square feet of the available space is currently vacant and unfinished. The property is suitable for retail, flex, and industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schola Inbound Marketing Marketing & Advertising Kwality Co Wholesale Big Box & Wholesale Store Reflexology and Acupressure Ephrata ... Alternative Medicine Practice Life Awakening Charitable Organization EmBODY Confidence Counseling, ... Crisis Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1691363
    Latitude
    40.1819129

    Nearby Similar for Lease

    • $8,223/Mo

      Ephrata Retail/Office Space Available

      14,097 sq ft retail/office space for lease.
      400 W MAIN Street, EPHRATA, PA 17522
      View Details
    • $2,150/Mo
      2,850 SF

      Ephrata Commercial Space For Lease

      2,850 sq ft commercial space with excellent visibility.
      325 S READING Road, EPHRATA, PA 17522
      View Details
    • $21,000 SF/Yr

      Main Street Office Suite

      Versatile office suite in prime Main Street location.
      107 W MAIN Street, EPHRATA, PA 17522
      View Details
    • $1,700/Mo

      EPHRATA Office Space For Lease

      Professional office space available in a well-maintained building.
      1747 W MAIN Street, EPHRATA, PA 17522
      View Details
    • $10 SF/Yr
      68,000 SF

      Premier Office Space on N Reading

      Modern office space with customizable layouts and highway access.
      330 N Reading Road, Ephrata, PA 17522
      View Details
    • $21,000 SF/Yr
      335 SF

      Main Street Office Suite

      Well-appointed office suite in a prime Main Street location.
      107 W Main St, EPHRATA, PA, 17522-2014
      View Details
    • $5,695/Mo

      Ephrata Retail Space Available

      Retail space for rent at corner location in Ephrata.
      400 W Main St, Ephrata, PA 17522
      View Details
    • Contact for pricing

      Ephrata Restaurant with Drive-Thru

      Former KFC restaurant with drive-thru, full kitchen, and dining.
      275 N Reading Rd, Ephrata, PA 17522
      View Details
    • $13 SF/Yr
      2,543 SF

      Restaurant Space at Cloister Center

      Second-generation restaurant space available for lease in shopping center.
      100 N Reading Rd, Ephrata, PA
      View Details
    • $50,145 SF/Yr

      Industrial Warehouse For Lease

      Lease an industrial warehouse space located for easy access alongside prominent local retail and civic neighbors.
      560 S Reading Rd, Ephrata, PA 17522
      View Details
    • Contact for pricing

      Modern Office Space Available

      Premier office space with customizable layouts and advanced infrastructure.
      330 N Reading Road, Ephrata, PA 17522
      View Details
    • $2,118/Mo
      1,500 SF

      Ephrata Township Commercial Space

      Located off Route 222, suitable for diverse business ventures.
      865 E Main St, Ephrata, PA
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space available for lease in Ephrata, Pennsylvania.
    Where is this retail space located?
    The property is located at 55 New Street Ephrata, PA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: +40,756 SF available for lease, offering substantial space for various business needs.; Opportunity for owner/user investment.; Existing tenant base of 30+ businesses, indicating a thriving commercial environment.
    (717) 735-6000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom McDermott
    Real Estate License ID: PA AB050727L
    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.
    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

    Thank You for Inquiry
    55 New Street, Ephrata, PA 17522
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!