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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Office Spaces
390 Main St Ephrata, PA 17522-2580
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US73-3347519
Property summary
AI-generated overview
This Class A office building, a beautifully restored 1944 mansion formerly known as the Mountain Springs Hotel, offers multiple suites for lease in Ephrata, PA. The property, renovated in 2004, provides convenient access to Route 222 (1.6 miles) and the charm of downtown Ephrata. Six total suites are available, ranging from 567 to 2,093 contiguous square feet, with a minimum divisible space of 567 square feet. The building features elevator service and common area restrooms. Specific suite sizes include 567 sq ft, 2,093 sq ft, 1,111 sq ft, and 1,050 sq ft. This prime location offers businesses a blend of historic character and modern amenities in a vibrant downtown setting. The address is 390 E Main St, Ephrata, PA 17522.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
FRAME
Total area
8,082 SF
Zoning code
NC-2
APN
260-35272-1-0001
UPID
US73-3347519
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
-
Edward Jones - Financial Advisor: R Jeffrey Burroughs Financial Advisor
-
Paragon Behavioral Health Services Crisis Center Medical Clinic
-
Representative G Denlinger State Government Office
-
Oak Tree Development Group Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$1.40M
Owner & transaction history
MOUNTAIN SPRINGS HOTEL LLC
MOUNTAIN SPRINGS HOTEL LLC
Zoning & alternative use
NC-2 · 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%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,975,000
Current use
RESTAURANT
$1,640,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,630,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$173 / 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
$17,178
Tax year 2024
Assessed value
$716,300
Assessed 2024
Previous assessed
$716,300
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed improvement
$716,300
Improvement market value
$716,300
Total market value
$716,300
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Stories
3
Total area
8,082 SF
Zoning code
NC-2
APN
260-35272-1-0001
UPID
US73-3347519
Jurisdiction
LANCASTER
Zoning & alternative use
NC-2 · Ephrata, PA
Zoning NC-2 · permitted uses
NC-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Current owner
From public records · entity-resolved
MOUNTAIN SPRINGS HOTEL LLC
Entity
Mailing address
1650 MANHEIM PIKE STE #201, LANCASTER, PA 17601-3088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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