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Property profile & analytics
OFF-MARKET
Estimated value
$3,895,000
Retail space
515 Reading Rd, Ephrata, PA 17522-8434
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-1778808
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
STEEL FRAME
Total area
47,438 SF
Lot
6.9 ac (300,564 SF)
Zoning code
I
APN
270-98112-0-0000
UPID
US73-1778808
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
-
CY Chocolates Industrial Manufacturer Production Facility
-
The Gifting Company - PA Food Processing Plant Factory
-
Golden State Fruit Florist Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.90M
Owner & transaction history
515 N Reading Road LLC · 13 yrs held
515 N Reading Road LLC
since 2013
7 recorded transactions
Zoning & alternative use
I · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.0M
+7.2%
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
RETAIL STORES
$5,625,000
Current use
WAREHOUSE, STORAGE
$6,025,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,605,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±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
$82 / 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
$52,403
Tax year 2024
Assessed value
$2,278,300
Assessed 2024
Previous assessed
$2,278,300
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$235,500
Assessed improvement
$2,042,800
Land market value
$235,500
Improvement market value
$2,042,800
Total market value
$2,278,300
Applied tax rate
270.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
47,438 SF
Lot
6.9 ac (300,564 SF)
Zoning code
I
APN
270-98112-0-0000
UPID
US73-1778808
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
RETAIL STORES Current
Est. value
$5.6M
WAREHOUSE, STORAGE
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.9 ac
Current owner
From public records · entity-resolved
515 N Reading Road LLC
Entity
Mailing address
300 W CHESTNUT ST STE B1, EPHRATA, PA 17522-1987
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
—
515 N Reading Road LLC
—
Deed
related
$2,700,000 · First Citizens Community Bank
Jan 7, 2021
—
Cover-dolan Dev LLC
—
Deed
related
$460,000 · Madison Endeavors LLC
Jan 11, 2019
—
515 N Reading Road LLC
—
Grant Deed
related
$1,600,000 · Riverview Bk
Apr 3, 2017
—
515 N Reading Road LLC
—
Deed
related
$2,625,000 · Riverview Bank
Jun 21, 2013
$1,650,000
515 N Reading Road LLC
Susquehanna Bank
Deed
$1,300,000 · First National Bank Of Pennsylvania
May 8, 2013
$14,036
Susquehanna Bk
Sheriff Of Lancaster County
Trustees Deed
—
Oct 16, 2012
—
Susquehanna Bk
D B & E Ents LLC
Deed In Lieu Of Foreclosure
related
—
Dec 24, 2008
—
Db & E Ents LLC
—
Deed Of Trust
related
$1,600,000 · Susquehanna Bank
Oct 20, 2003
$1,995,000
D B & E Enterprises LLC
Steffy,dennis L & Lois E
Grant Deed
$1,840,000 · Farmers First Bank
—
—
Db & E Ents LLC
—
Deed Of Trust
related
$900,000 · Susquehanna Bank
—
—
Cover-dolan Dev LLC
—
Deed Of Trust
related
$460,000 · Madison Endeavors LLC
—
—
Db & E Ents LLC
—
Deed Of Trust
related
$250,000 · Susquehanna Bank Pa
—
—
Db & E Ents LLC
—
Deed Of Trust
related
$211,988 · Susquehanna Bank
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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