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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
208 Main St Ephrata, PA 17522-2087
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2431666
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1893
Construction
BRICK
Total area
4,920 SF
Lot
0.21 ac (9,148 SF)
Zoning code
RHD
APN
260-16232-0-0000
UPID
US73-2431666
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
-
Dermatology Physicians Inc Medical Clinic Skin Care Clinic
-
Robert L. Roschel, M.D. Physician Medical Clinic
-
John Benton Legere Physician Medical Clinic
-
George E. Groleau, M.D. Physician Medical Clinic
-
Dr. Rebecca M. Shepherd, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$735k
Owner & transaction history
Double L Holdings LLC · 4 yrs held
Double L Holdings LLC
since 2022
Last sale
$687,000
2 recorded transactions
Zoning & alternative use
RHD · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RHD High Density Residential District: to provide for a neighborhood with a mix of housing types, in a manner that respects and continues traditional forms of development. D. CBD Central Business District: to provide for an orderly coordinated development of varied commercial business, arts, cultural, institutional and residential development in the downtown…
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
337.79 ac
Top alternative use upside
Commercial (general)
$1.2M
+21.2%
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
$825,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
COMMERCIAL (GENERAL)
$1,200,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$820,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $687k (Jun 13 2022)
Last sale anchor
$687k
Jun 13 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
$149 / 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
$7,739
Tax year 2024
Assessed value
$322,700
Assessed 2024
Previous assessed
$322,700
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$47,200
Assessed improvement
$275,500
Land market value
$47,200
Improvement market value
$275,500
Total market value
$322,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1893
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
2
Total area
4,920 SF
Lot
0.21 ac (9,148 SF)
Zoning code
RHD
APN
260-16232-0-0000
UPID
US73-2431666
Jurisdiction
LANCASTER
Zoning & alternative use
RHD · Ephrata, PAZoning RHD · permitted uses
RHD · Ephrata, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RHD High Density Residential District: to provide for a neighborhood with a mix of housing types, in a manner that respects and continues traditional forms of development. D. CBD Central Business District: to provide for an orderly coordinated development of varied commercial business, arts, cultural, institutional and residential development in the downtown. To promote pedestrian-friendly uses, as opposed to uses that are auto dependent. E. NCD Neighborhood Commercial District: to provide for a mix of housing types and selected types of less-intensive types of commercial uses in areas that include or are adjacent to many existing homes. The intent is to avoid uses that are most likely to generate nuisances or hazards for nearby residents, such as twenty-four-hour commercial businesses. F.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
337.79 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$820,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1893
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Double L Holdings LLC
Entity
Mailing address
151 W SWARTZVILLE RD, REINHOLDS, PA 17569-9664
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$687,000
Double L Holdings LLC
Harnish Properties LLC
Deed
$553,600 · Everence FCU
Dec 29, 2010
—
Properties LP Harnish
Harnish,david M & Florence M
Quit Claim Deed
—
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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