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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office Spaces
16 State St Ephrata, PA 17522-2747
Individually Owned
14-yr Hold
Free & Clear
Property ID
US73-0161953
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
BRICK
Total area
3,650 SF
Lot
0.09 ac (3,920 SF)
Zoning code
CB
APN
260-04984-0-0000
UPID
US73-0161953
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
$445k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$356k
Blend (final)
Blend
$585k
Owner & transaction history
Matthew J Sorber · 14 yrs held
Matthew J Sorber
since 2011
3 recorded transactions
Zoning & alternative use
CB · Ephrata, 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 Ephrata submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ephrata 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
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$650,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$890,000
Current use
MEDICAL BUILDING
$735,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$160 / 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
$6,149
Tax year 2024
Assessed value
$256,400
Assessed 2024
Previous assessed
$256,400
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$46,900
Assessed improvement
$209,500
Land market value
$46,900
Improvement market value
$209,500
Total market value
$256,400
Applied tax rate
260.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
2
Total area
3,650 SF
Lot
0.09 ac (3,920 SF)
Zoning code
CB
APN
260-04984-0-0000
UPID
US73-0161953
Jurisdiction
LANCASTER
Zoning & alternative use
CB · Ephrata, PA
Zoning CB · permitted uses
CB · Ephrata, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ephrata. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$890,000
MEDICAL BUILDING
Est. value
$735,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1900
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Matthew J Sorber
Individual
Free & Clear · 14 yrs held
Mailing address
909 BEDFORD AVE, SHILLINGTON, PA 19607-2359
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2011
—
Matthew J Sorber
Sorber James W
Quit Claim Deed
related
—
Jan 20, 2005
$230,000
James W Sorber
Dennis J Ward
Special Warranty Deed
$139,380 · Wachovia Bank NA
—
—
Dennis J Ward
—
Deed Of Trust
related
$37,000 · Blue Ball National Bank
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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