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    Property profile & analytics

    299 Reading Rd Ephrata, PA 17522-1650

    • Grocery and convenience stores
    • 880 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    6.4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US73-2286930
    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

    • Apex Auto Exchange, LLC / Used Car Dealer
    • U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency

    Property Details for 299 Reading Rd

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Property size
    880 SF
    Zone code
    C
    Property type
    Grocery and convenience stores
    APN
    270-44685-0-0000
    APU
    2704468500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $270,000
      6.5%
      $245,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $286,000
      Market price range: $147k - $351k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1787
    Latitude
    40.19
    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
    $3,565
    $116,100
    $38,900
    $155,000
    -
    $116,100
    $38,900
    $155,000

    Comparable in this City

    • Value Estimation
      $925,000
      5,582 SF

      602 Reading Rd

      CONVENIENCE STORE • 5,582 SF
      602 Reading Rd, Ephrata, PA 17522-2369
      View Details
    • Value Estimation
      $1,435,000
      110,720 SF

      1754 Main St

      GROCERY, SUPERMARKET • 110,720 SF
      1754 Main St, Ephrata, PA 17522
      View Details
    • Value Estimation
      $270,000
      783 SF

      244 State St

      CONVENIENCE STORE • 783 SF
      244 State St, Ephrata, PA 17522-2232
      View Details
    • Value Estimation
      $245,000
      2,173 SF

      644 Main St

      CONVENIENCE STORE • 2,173 SF
      644 Main St, Ephrata, PA 17522-2536
      View Details
    • Value Estimation
      $300,000
      7,529 SF

      1009 Martindale Rd

      GROCERY, SUPERMARKET • 7,529 SF
      1009 Martindale Rd, Ephrata, PA 17522-8974
      View Details
    • Value Estimation by Request
      1,768 SF

      1634 Main St

      CONVENIENCE STORE • 1,768 SF
      1634 Main St, Ephrata, PA 17522-1103
      View Details

    Similar Nearby for Sale

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      Redone Brick Building with Rental

      2.5 story building with rental, parking, and expansion potential.
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      Ephrata Bank Facility For Sale

      2,952 SF bank branch on 0.64 acres.
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    • $1,300,000
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      Historic Ephrata Inn & Brewery

      Charming Inn, Brewery, & Cottage
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      View Details
    • Contact for pricing
      0.23 Acres

      Ephrata Retail Space - High Traffic Area

      Prime Retail Location, Mixed-Use Zoning, High Visibility
      865 Main St, Ephrata, PA 17522
      View Details
    • $9,850,000
      38,000 SF

      Ephrata Retail Center - Prime Location

      High-traffic retail space, 38,000 SF, NNN lease.
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      View Details
    • $1,200,000
      9,640 SF

      Ephrata Retail Building - $1.2M

      High-visibility retail space, 9,640 SF, owner/user opportunity.
      560 Reading Rd, Ephrata, PA 17522
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      3,056 SF

      Retail Space Near Route 222

      Retail space available for lease, close to major routes.
      4201 Oregon Pike, Ephrata, PA 17522
      View Details
    • $2,118 /Mo
      1,500 SF

      Ephrata Township Commercial Space

      Located off Route 222, suitable for diverse business ventures.
      865 E Main St, Ephrata, PA 17522
      View Details
    • $14 SF/Yr
      67,340 SF

      Ephrata Retail Center Opportunity

      Prime Lancaster County retail space available.
      1759 Main St, Ephrata, PA 17522
      View Details
    • $10 SF/Yr
      38,000 SF

      Prime Ephrata Retail Space

      High-traffic location, 38,000 sq ft.
      1717 Main St, Ephrata, PA 17522
      View Details
    • $6,500 /Mo
      3,205 SF

      Ephrata Restaurant with Drive-Thru

      Former KFC restaurant with drive-thru, full kitchen, and dining.
      275 N Reading Rd, Ephrata, PA 17522
      View Details
    • Contact for pricing
      83,488 SF

      Ephrata Crossing Retail Center

      Prime Lancaster County retail space available.
      0 Main St & Pleasant Vly Rd, Ephrata, PA 17522
      View Details
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    299 Reading Rd
    Ephrata, PA 17522-1650
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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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