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    Property profile & analytics

    232 Reading Rd Ephrata, PA 17522-1829

    • Motels
    • 1,620 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Dec 11, 2023
    $235,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2609407
    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.

    Current Use by Public Records

    • Personal Touch Assisted Living / Retirement Community / Nursing Home

    Property Details for 232 Reading Rd

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.63 lot acres
    Property size
    1,620 SF
    Zone code
    HC
    Property type
    Motels
    APN
    260-26363-0-0000
    APU
    2602636300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1939
    Latitude
    40.1811
    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
    $5,302
    $104,500
    $116,600
    $221,100
    -
    $104,500
    $116,600
    $221,100

    Comparable in this City

    • Value Estimation by Request
      3,026 SF

      43 Walnut St

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      43 Walnut St, Ephrata, PA 17522-2044
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      4,000 SF

      230 Reading Rd

      MOTEL • 4,000 SF
      230 Reading Rd, Ephrata, PA 17522-1649
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      $630,000
      5,395 SF

      222 Reading Rd

      MOTEL • 5,395 SF
      222 Reading Rd, Ephrata, PA 17522-1649
      View Details
    • Value Estimation
      $730,000
      6,757 SF

      904 Main St

      MOTEL • 6,757 SF
      904 Main St, Ephrata, PA 17522
      View Details
    • Value Estimation
      $565,000
      6,206 SF

      301 Main St

      MOTEL • 6,206 SF
      301 Main St, Ephrata, PA 17522-1713
      View Details
    • Value Estimation
      $8,830,000
      95,760 SF

      1170 State St

      MOTEL • 95,760 SF
      1170 State St, Ephrata, PA 17522-2601
      View Details

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      Ephrata Home Near Amenities

      Semi-detached home in prime location with updated kitchen and fenced yard.
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    • $1,200,000
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      Ephrata Retail Building - $1.2M

      High-visibility retail space, 9,640 SF, owner/user opportunity.
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      Ephrata Bank Facility For Sale

      2,952 SF bank branch on 0.64 acres.
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    Similar Nearby for Lease

    • $36,000
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      Ephrata Commercial Space For Lease

      2,850 sq ft commercial space with excellent visibility.
      325 S Reading Rd, Ephrata, PA 17522
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      8,276 SF

      Main Street Office Suite

      Versatile office suite in prime Main Street location.
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      3,205 SF

      Ephrata Restaurant with Drive-Thru

      Former KFC restaurant with drive-thru, full kitchen, and dining.
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    • $10 SF/Yr
      38,000 SF

      Prime Ephrata Retail Space

      High-traffic location, 38,000 sq ft.
      1717 Main St, Ephrata, PA 17522
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    • $10 SF/Yr
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      Premier Office Space on N Reading

      Modern office space with customizable layouts and highway access.
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    • $7 SF/Yr
      81,512 SF

      Ephrata Warehouse: 55 New Street

      Industrial Warehouse Space Available in Ephrata, PA
      55 New St, Ephrata, PA 17522
      View Details
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    Ephrata, PA 17522-1829
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    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
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