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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Office Spaces
29 Cloister Ave Ephrata, PA 17522-1701
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-1542872
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1948
Construction
FRAME
Total area
8,064 SF
Lot
0.27 ac (11,761 SF)
Zoning code
NC
APN
260-97700-0-0000
UPID
US73-1542872
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
-
Luz Medicine Medical Clinic
-
Amber Leed Physician
-
Miller Danielle J MD Pediatrician Physician
-
Complete Safety Solutions Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$990k
Owner & transaction history
29 Cloister Avenue LP · 11 yrs held
29 Cloister Avenue LP
since 2014
7 recorded transactions
Zoning & alternative use
NC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,635,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$123 / 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
$9,592
Tax year 2024
Assessed value
$400,000
Assessed 2024
Previous assessed
$400,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$80,100
Assessed improvement
$319,900
Land market value
$80,100
Improvement market value
$319,900
Total market value
$400,000
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
1948
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
8,064 SF
Lot
0.27 ac (11,761 SF)
Zoning code
NC
APN
260-97700-0-0000
UPID
US73-1542872
Jurisdiction
LANCASTER
Zoning & alternative use
NC · Ephrata, PA
Zoning NC · permitted uses
NC · 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
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
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
1948
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
29 Cloister Avenue LP
Entity
Mailing address
29 CLOISTER AVE STE B-1, EPHRATA, PA 17522-1701
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
—
29 Cloister Avenue LP
—
Deed
related
$250,000 · Citizens & Northern Bank
Jun 29, 2020
—
29 Cloister Avenue LP
—
Deed
related
$248,000 · Mid Penn Bank
Jun 15, 2020
—
29 Cloister Avenue LP
—
Deed
related
$135,000 · Madison Endeavors LLC
Aug 25, 2016
—
29 Cloister Avenue LP
—
Deed
related
$350,000 · Orrstown Bank
Oct 30, 2014
$310,000
29 Cloister Avenue LP
Ears INC
Warranty Deed
$217,000 · Orrstown Bank
—
—
Ephrata Area Rehab Service
—
Deed Of Trust
related
$250,000 · Ephrata National Bank
—
—
29 Cloister Avenue LP
—
Deed Of Trust
related
$135,000 · Madison Endeavors LLC
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.
Try Rey
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