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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    66 Lancaster Ave Ephrata, PA 17522

    • Warehouses
    • 1,900 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    6.4%
    Warehouses
    Location Intelligence
    Property ID
    US73-1966425
    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

    • Seiverling Antique Car and Pedal Car Museum / Museum / Tourist Attraction
    • Seiverling Museum, Car and Pedal Car Museum / Museum

    Property Details for 66 Lancaster Ave

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Property size
    1,900 SF
    Zone code
    HC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    260-74323-0-0000
    APU
    2607432300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $305,000
      6.5%
      $280,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $397,000
      Market price range: $119k - $397k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $240,000
      Current use
      COMMERCIAL (GENERAL)
      $465,000
      Change: +92% Conversion: Difficult
      MEDICAL BUILDING
      $385,000
      Change: +59% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $315,000
      Change: +31% Conversion: Easy
      RETAIL STORES
      $225,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1849
    Latitude
    40.1866
    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
    $5,484
    $102,500
    $126,200
    $228,700
    -
    $102,500
    $126,200
    $228,700

    Comparable in this City

    • Value Estimation
      $550,000
      12,744 SF

      816 Pleasantview Dr

      MINI-WAREHOUSE, STORAGE • 12,744 SF
      816 Pleasantview Dr, Ephrata, PA 17522-1644
      View Details
    • Value Estimation
      $730,000
      4,500 SF

      1301 Apple St

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      1301 Apple St, Ephrata, PA 17522
      View Details
    • Value Estimation
      $255,000
      4,500 SF

      1644 Main St

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      1644 Main St, Ephrata, PA 17522-1103
      View Details
    • Value Estimation
      $640,000
      2,816 SF

      405 Reading Rd

      MINI-WAREHOUSE, STORAGE • 2,816 SF
      405 Reading Rd, Ephrata, PA 17522
      View Details
    • Value Estimation
      $410,000
      8,125 SF

      265 Akron Rd

      MINI-WAREHOUSE, STORAGE • 8,125 SF
      265 Akron Rd, Ephrata, PA 17522-2611
      View Details
    • Value Estimation
      $560,000
      14,600 SF

      1118 Division Hwy

      MINI-WAREHOUSE, STORAGE • 14,600 SF
      1118 Division Hwy, Ephrata, PA 17522-8820
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.57 Acres

      Ephrata Industrial Building For Lease

      New 36,556 SF Industrial Space Available
      1925 Main St, Ephrata, PA 17522
      View Details
    • $1,100,000
      1.50 Acres

      Prime Ephrata Commercial Land

      1.5-Acre Pad Site, High Visibility
      1127 State St, Ephrata, PA 17522
      View Details
    • $1,300,000
      8,196 SF

      Historic Ephrata Inn & Brewery

      Charming Inn, Brewery, & Cottage
      301 Main St, Ephrata, PA 17522
      View Details
    • Contact for pricing
      0.30 Acres

      Ephrata Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, High Traffic
      124 Main St, Ephrata, PA 17522
      View Details
    • $214,900
      1,184 SF

      Ephrata Home Near Amenities

      Semi-detached home in prime location with updated kitchen and fenced yard.
      137 Martin Ave, Ephrata, PA 17522
      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

    • $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
    • Contact for pricing
      44,989 SF

      Ephrata Industrial Space Available

      Flex & Warehouse Space, 44,989 SF
      1 Main St, Ephrata, PA 17522
      View Details
    • $120 SF/Yr
      36,557 SF

      New Lancaster County Warehouse

      Modern industrial space, 36,556 SF.
      1925 Main St, Ephrata, PA 17522
      View Details
    • $10 SF/Yr
      68,000 SF

      Trout Run Business Park Offices

      Ephrata, PA: Versatile Office Space Available
      330 Reading Rd, Ephrata, PA 17522
      View Details
    • $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
    • $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
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    66 Lancaster Ave
    Ephrata, PA 17522
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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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