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Property profile & analytics
OFF-MARKET
Estimated value
$11,370,000
Warehouses
221 Forney Dr Ephrata, PA 17522-8784
Entity Owned
~
Est. High Equity
Property ID
US73-3588730
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
95,684 SF
Lot
5.94 ac (258,746 SF)
Zoning code
I
APN
210-91818-0-0000
UPID
US73-3588730
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
-
Ten Thousand Villages Department Store
-
Clark Food Service Equipment Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.37M
CAP Approach
CAP
$9.96M
Comparable Approach
Comparable
$11.48M
Blend (final)
Blend
$11.37M
Owner & transaction history
Masters Resource LLC
Masters Resource LLC
since 2026
Last sale
$12.1M
7 recorded transactions
Zoning & alternative use
I · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.9M
+31.1%
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
$13,205,000
ML approach
$9,370,000
CAP Approach
CAP Return
Estimation
6%
$10,785,000
6.5%
$9,955,000
7%
$9,245,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,155,000
Current use
AUTO REPAIR, GARAGE
$15,935,000
Change: +31% · Conversion: Easy
RETAIL STORES
$11,340,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$11.37M
Range $10.23M – $12.51M · ±10% · vs last sale $12.10M (Jul 18 2023)
Last sale anchor
$12.10M
Jul 18 2023
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
$119 / 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
$94,182
Tax year 2024
Assessed value
$4,731,900
Assessed 2024
Previous assessed
$4,731,900
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$321,800
Assessed improvement
$4,410,100
Land market value
$321,800
Improvement market value
$4,410,100
Total market value
$4,731,900
Applied tax rate
210.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
95,684 SF
Lot
5.94 ac (258,746 SF)
Zoning code
I
APN
210-91818-0-0000
UPID
US73-3588730
Jurisdiction
LANCASTER
Zoning & alternative use
I · Ephrata, PA
Zoning I · permitted uses
I · 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
WAREHOUSE, STORAGE Current
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$15.9M
RETAIL STORES
Est. value
$11.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
5.94 ac
Current owner
From public records · entity-resolved
Masters Resource LLC
Entity
Mailing address
1340 GIRL SCOUT RD, DENVER, PA 17517-9555
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
$13,873,000
Masters Resource LLC
221 Forney Drive LLC
Deed
$51,200,000 · Umb Bank
Jul 18, 2023
$12,100,000
221 Forney Drive LLC
Ten Thousand Villages
Deed
$5,000,000 · Bank Of Bird In Hand
Feb 22, 2018
—
Ten Thousand Villages
—
Grant Deed
related
$14,216,000 · Mennonite Ctrl Committee U S
Jan 20, 2017
—
Ten Thousand Villages
—
Grant Deed
related
$8,216,000 · Fulton Bk
Aug 12, 2014
$8,299,150
Ten Thousand Villages
121 Stoney Ridge LLC
Deed
$7,225 · Integrity Bank
Dec 31, 2012
—
121 Stoney Ridge LLC
—
Deed Of Trust
related
$5,475,000 · Susquehanna Bank
Sep 27, 2007
—
121 Stoney Ridge LLC
—
Deed Of Trust
related
$3,118,562 · Susquehanna Bank Pa
Apr 4, 2005
$679,800
121 Stoney Ridge LLC
Owner,record
Grant Deed
related
—
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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