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    Property profile & analytics

    815 Martin Ave Ephrata, PA 17522-1642

    • Medical offices
    • 5,370 SF
    • 2.10 lot acres
    OFF-MARKET
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0314068
    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

    • Ephrata Family Dentistry / Dental Implants Periodontist / Emergency Dental Service
    • Dever Family Dentistry / Dentist
    • Jeffrey A Dever DMD / Dentist
    • Dr. John W. Dever, DMD / Dentist
    • Ofori Oware / Dentist

    Property Details for 815 Martin Ave

    Year built
    1972
    Construction
    FRAME
    Lot size
    2.10 lot acres
    Property size
    5,370 SF
    Zone code
    HC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    260-07786-0-0000
    APU
    2600778600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $916,000
      Market price range: $700k - $1.45M
      AI Estimate
      $593,000
      Market price range: $320k - $1.01M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,080,000
      Current use
      RESTAURANT
      $1,090,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $895,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ephrata
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1837
    Latitude
    40.1884
    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
    $13,485
    $166,300
    $396,000
    $562,300
    -
    $166,300
    $396,000
    $562,300

    Comparable in this City

    • Value Estimation
      $2,125,000
      12,001 SF

      804 Grandview Dr

      MEDICAL BUILDING • 12,001 SF
      804 Grandview Dr, Ephrata, PA 17522-1681
      View Details
    • Value Estimation
      $2,910,000
      12,847 SF

      4131 Oregon Pike

      MEDICAL BUILDING • 12,847 SF
      4131 Oregon Pike, Ephrata, PA 17522-9550
      View Details
    • Value Estimation
      $8,800,000
      41,670 SF

      440 Reading Rd

      MEDICAL BUILDING • 41,670 SF
      440 Reading Rd, Ephrata, PA 17522-9801
      View Details
    • Value Estimation
      $605,000
      4,800 SF

      44 Lancaster Ave

      MEDICAL BUILDING • 4,800 SF
      44 Lancaster Ave, Ephrata, PA 17522-1700
      View Details
    • Value Estimation by Request
      2,135 SF

      185 Reading Rd

      MEDICAL BUILDING • 2,135 SF
      185 Reading Rd, Ephrata, PA 17522
      View Details
    • Value Estimation
      $715,000
      2,832 SF

      800 Grandview Dr

      MEDICAL BUILDING • 2,832 SF
      800 Grandview Dr, Ephrata, PA 17522-1635
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Two-room office, all utilities included.
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      View Details
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      9,640 SF

      Ephrata Commercial Building on Route

      Commercial building in highly visible location, value-add opportunity.
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      Move-in Ready Office Building Downtown

      Office building in downtown Ephrata, PA, with high visibility.
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      View Details
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      9,640 SF

      Ephrata Retail Building - $1.2M

      High-visibility retail space, 9,640 SF, owner/user opportunity.
      560 Reading Rd, Ephrata, PA 17522
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    • Contact for pricing
      38 SF

      38 Acre Commercial Land Parcel

      38 acre commercial land parcel in Ephrata Township.
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    • Contact for pricing
      2,952 SF

      Ephrata Bank Facility For Sale

      2,952 SF bank branch on 0.64 acres.
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    Similar Nearby for Lease

    • $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
    • $21,000

      Main Street Office Suite

      Well-appointed office suite in a prime Main Street location.
      107 W Main St, Ephrata, PA 17522
      View Details
    • $36,000
      53,143 SF

      Ephrata Commercial Space For Lease

      2,850 sq ft commercial space with excellent visibility.
      325 S Reading Rd, Ephrata, PA 17522
      View Details
    • $21,000
      8,276 SF

      Main Street Office Suite

      Versatile office suite in prime Main Street location.
      107 W Main St, Ephrata, PA 17522
      View Details
    • $10 SF/Yr
      68,000 SF

      Premier Office Space on N Reading

      Modern office space with customizable layouts and highway access.
      330 N Reading Rd, 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
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    815 Martin Ave
    Ephrata, PA 17522-1642
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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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