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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Retail space
194 Reading Rd, Ephrata, PA 17522-1648
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5461707
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
BRICK
Total area
3,972 SF
Lot
0.63 ac (27,443 SF)
Zoning code
HC
APN
260-42264-0-0000
UPID
US73-5461707
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
Current use
Occupant on record · Public records
-
Joel A. Horning, M.D. Physician
-
Alexandria O. Starks, M.D. Physician
-
Brendan J. Casey, D.O. Physician
-
Thomas I. Sherman, M.D. Physician
-
Vincent Battista, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$945k
Owner & transaction history
Oal Realty LP · 4 yrs held
Oal Realty LP
since 2022
Last sale
$975,000
6 recorded transactions
Zoning & alternative use
HC · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$970,000
+106.1%
Medical building
$800,000
+70.0%
Auto repair, garage
$660,000
+40.5%
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
$1,265,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$970,000
Change: +106% · Conversion: Easy
MEDICAL BUILDING
$800,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $975k (May 23 2022)
Last sale anchor
$975k
May 23 2022
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
$238 / 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
$8,187
Tax year 2024
Assessed value
$341,400
Assessed 2024
Previous assessed
$341,400
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$104,500
Assessed improvement
$236,900
Land market value
$104,500
Improvement market value
$236,900
Total market value
$341,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Total area
3,972 SF
Lot
0.63 ac (27,443 SF)
Zoning code
HC
APN
260-42264-0-0000
UPID
US73-5461707
Jurisdiction
LANCASTER
Zoning & alternative use
HC · Ephrata, PA
Zoning HC · permitted uses
HC · 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)
Est. value
$970,000
MEDICAL BUILDING
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$660,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1975
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Oal Realty LP
Entity
Mailing address
170 N POINTE BLVD, LANCASTER, PA 17601-4132
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
—
Oal Realty LP
—
Deed
related
$3,843,902 · Fulton Bank NA
Jan 4, 2023
—
Oal Realty LP
—
Deed
related
$1,459,000 · Fulton Bank NA
May 23, 2022
$975,000
Oal Realty LP
Suedan Properties LLC
Deed
$33,686,046 · Fulton Bank NA
Jun 19, 2008
$280,000
Suedan Properties LLC
Dwek Branches LLC
Grant Deed
—
Apr 27, 2005
$350,000
Dwek Branches LLC
Sovereign Bank
Grant Deed
—
—
—
Suedan Properties LLC
—
Deed Of Trust
related
$250,500 · Ephrata 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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