Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    131 Cherry St Ephrata, PA 17522-2244
    Back to Search
    Property profile & analytics

    131 Cherry St, Ephrata, PA 17522-2244

    View on Map
    • Distribution centers
    • 0.36 lot acres
    Off-Market
    Last Sale May 6, 2022
    Property ID
    US73-0212142
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Horst Brothers Builders / Construction Company
    • Horst Plumbing / Plumbing Service / General Contractor

    Property Details for 131 Cherry St

    Lot size
    0.36 lot acres
    Zone code
    RHD
    Property type
    Distribution centers
    APN
    260-89211-0-0000
    APU
    2608921100000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 6, 2022 — Nevin Horst Nevin Horst Intrafamily Transfer · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1737
    Latitude
    40.1793
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,345
    $85,400
    $179,200
    $264,600
    -
    $85,400
    $179,200
    $264,600

    Comparable in this City

    • Value Estimation by Request
      264 SF

      34 Stauffer Ln

      DISTRIBUTION WAREHOUSE
      34 Stauffer Ln, Ephrata, PA 17522-8654
      View Details
    • Value Estimation
      $3,435,000
      56,090 SF

      830 Reading Rd

      DISTRIBUTION WAREHOUSE
      830 Reading Rd, Ephrata, PA 17522-8429
      View Details
    • Value Estimation
      $26,935,000
      309,228 SF

      400 Wabash Rd

      DISTRIBUTION WAREHOUSE
      400 Wabash Rd, Ephrata, PA 17522-9100
      View Details
    • Value Estimation
      $800,000
      14,400 SF

      121 Fulton St

      DISTRIBUTION WAREHOUSE
      121 Fulton St, Ephrata, PA 17522-1938
      View Details
    • Value Estimation
      $530,000
      5,000 SF

      7 Stauffer Ln

      DISTRIBUTION WAREHOUSE
      7 Stauffer Ln, Ephrata, PA 17522-8655
      View Details
    • Value Estimation
      $2,010,000
      34,700 SF

      Trout Run Rd

      DISTRIBUTION WAREHOUSE
      Trout Run Rd, Ephrata, PA 17522
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.57 Acres

      Ephrata Industrial Building For Lease

      New 36,556 SF Industrial Space Available
      1925 Main St, Ephrata, PA 17522
      View Details
    • Contact for pricing
      2,952 SF

      Ephrata Bank Facility For Sale

      2,952 SF bank branch on 0.64 acres.
      1713 W Main St, Ephrata, PA 17522
      View Details
    • Contact for pricing

      38 Acre Commercial Land Parcel

      38 acre commercial land parcel in Ephrata Township.
      Trout Run Rd, Ephrata, PA 17522
      View Details
    • $1,200,000
      9,640 SF

      Ephrata Retail Building - High Visibility

      Prime Retail Space, High Traffic Area, Value-Add Opportunity
      560 Reading Rd, Ephrata, PA 17522
      View Details
    • Contact for pricing

      Ephrata Office Space - Main Street

      Two-room office, all utilities included.
      607 Main St, Ephrata, PA 17522
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,989 SF

      Ephrata Industrial Space Available

      Flex & Warehouse Space, 44,989 SF
      1 Main St, Ephrata, PA 17522
      View Details
    • Contact for pricing

      Available Commercial Space for Lease

      Commercial space available for lease in Ephrata, Pennsylvania.
      55 New St, Ephrata, PA 17522
      View Details
    • Contact for pricing

      Ephrata Industrial Space For Rent

      Industrial space suitable for manufacturing, showroom, storage, and distribution.
      1 E Main St, Ephrata, PA 17522
      View Details
    • $50,145

      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

      Main Street Office Suite

      Well-appointed office suite in a prime Main Street location.
      107 W Main St, Ephrata, PA 17522
      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
    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.
    131 Cherry St
    Ephrata, PA 17522-2244
    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
    131 Cherry St, 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!