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    Property profile & analytics

    453 Division Ave Ephrata, WA 98823

    • Churches & religious facilities
    • 6,752 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2137680
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Memorial Christian Church / Church

    Property Details for 453 Division Ave

    Year built
    1944
    Property size
    6,752 SF
    Property type
    Churches & religious facilities
    APN
    131047000

    Description

    This exceptional 6,752 square foot property, located at 453 Division Ave E in Ephrata, WA 98823, presents a unique investment opportunity. Built in 1944 and situated on a spacious 18,326 square foot lot (APN 131047000), this two-story building currently operates as a church but offers significant multi-use potential under the permitted residential zoning. The main floor features ample meeting space and several offices, while the full basement includes numerous smaller rooms, an open area ideal for receptions or gatherings, and a complete kitchen. Recent upgrades include newer windows, roof, and HVAC systems, reflecting the building's excellent condition and ongoing maintenance. The property boasts 100% occupancy and is priced at $250,000 ($37.03 per square foot). Its prime location ensures exceptional visibility. Interested parties should contact the City of Ephrata to determine allowable uses and any necessary permits for their intended purpose. This is a rare chance to acquire a piece of Ephrata's history with adaptable space and strong potential for future development or continued use as a community gathering place. The congregation currently owns the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Grant
    State
    Washington
    Longitude
    -119.5434752
    Latitude
    47.3191979

    Comparable in this City

    • $2,100,000

      Ephrata USDA Service Center

      9,653 SF building on 9.41 acres, remodeled in 2024.
      2145 Basin St SW, Ephrata, WA 98823
      View Details
    • $1,950,000
      160.00 Acres

      Ephrata Farm: 160 Acres

      Irrigated farmland, high GPM well, prime location.
      D Nka Rd, Ephrata, WA 98823
      View Details
    • $235,000

      Ephrata Land: Prime Highway 282 Site

      High-visibility land, ideal for QSR. $235,000
      282 & Nat Washington Way, Ephrata, WA 98823
      View Details
    • $395,000

      Ephrata Commercial Building - Great Potential

      Multi-use building with retail, warehouse, & apartment.
      1105 Basin St, Ephrata, WA 98823
      View Details
    • $1,600,000
      0.84 Acres

      Ephrata Commercial Property - Prime Location

      Established Business, Turnkey Opportunity, High Traffic
      805 Basin St, Ephrata, WA 98823
      View Details
    • $4,500,000
      269.92 Acres

      Ephrata Farmland Investment Opportunity

      269 Acres, High-Yielding Orchard
      0 Road 13.5, Ephrata, WA 98823
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Ephrata USDA Service Center

      9,653 SF building on 9.41 acres, remodeled in 2024.
      2145 Basin St SW, Ephrata, WA 98823
      View Details
    • $1,950,000
      160.00 Acres

      Ephrata Farm: 160 Acres

      Irrigated farmland, high GPM well, prime location.
      D Nka Rd, Ephrata, WA 98823
      View Details
    • $1,600,000
      0.84 Acres

      Ephrata Commercial Property - Prime Location

      Established Business, Turnkey Opportunity, High Traffic
      805 Basin St, Ephrata, WA 98823
      View Details
    • $4,500,000
      269.92 Acres

      Ephrata Farmland Investment Opportunity

      269 Acres, High-Yielding Orchard
      0 Road 13.5, Ephrata, WA 98823
      View Details
    • $235,000

      Ephrata Land: Prime Highway 282 Site

      High-visibility land, ideal for QSR. $235,000
      282 & Nat Washington Way, Ephrata, WA 98823
      View Details
    • $395,000

      Ephrata Commercial Building - Great Potential

      Multi-use building with retail, warehouse, & apartment.
      1105 Basin St, Ephrata, WA 98823
      View Details
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    453 Division Ave
    Ephrata, WA 98823
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    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
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