Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    356 King Of Prussia Rd Wayne, PA 19087

    Sponsored
    For Sale
    $795,000

    Land - WAYNE, PA

    Lot size:
    1.03 Acres
    Days on Market:
    100
    Last Refresh:
    Jan 30 at 10:06 am

    Property Features for 356 King Of Prussia Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.03 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bridget Kroll
    Bridget Kroll

    Berkshire Hathaway HomeServices Fox & Roach, Realtors

    Listing agent Bridget Kroll (215) 542-2200

    Listing date Oct 23, 2025

    MLS# PAMC2159572 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Premium Lot in Wayne, PA

    This 1.03-acre lot offers an opportunity to build a custom home in Wayne, Pennsylvania. Situated in a sought-after location on the Mainline, the property combines privacy with convenient access to amenities. The site provides ample space for outdoor living, including potential for a pool and landscaping. The location provides access to shopping, dining, and major routes. Public water, public sewer, and natural gas utilities are available. A builder tie-in with a future home plan is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.38495
    Latitude
    40.07744

    Nearby Similar for Sale

    • $675,000
      0.57 Acres

      Mixed-Use Property in Wayne, PA

      Live and work in this versatile Wayne, PA property.
      234 Conestoga Rd, Wayne, PA 19087
      View Details
    • $1,499,000
      0.18 Acres

      Single-User Office Building in Wayne

      5,775 SF office building with modern finishes and exposed brick.
      232 Conestoga Rd, Wayne, PA 19087
      View Details
    • Contact for pricing

      Retail Space in Downtown Wayne

      Prime retail space with storefront and storage in Wayne, PA.
      240 E Lancaster Ave, Wayne, PA 19087
      View Details
    • $259,000
      675 SF

      Move-In Ready Condo in Wayne

      Well-maintained 1-bedroom condo in sought-after Radnor School District.
      500 E Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      10,726 SF

      Chesterbrook Corporate Center Office Building

      Meticulously maintained office building in Chesterbrook Corporate Center.
      965 Chesterbrook Blvd, Chesterbrook, PA 19087
      View Details
    • $1,600,000
      7,600 SF

      Wayne Office Building For Sale

      Two-story office building in Wayne with Route 30 exposure.
      418 E Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      1,400 SF

      Office Condo For Sale

      Office condo with direct entry and highway access.
      150 E Swedesford Rd, Wayne, PA 19087
      View Details
    • $595,000
      9,375 SF

      this property beckons visionary buyers ready to restore and rejuvenate. The seller is motivated\u00e2\u0080\u0094seize this opportunity and present your offer today!""""}"""

      Historic Wayne Church & Parsonage
      203 Highland Ave, Wayne, PA 19087
      View Details
    • $700,000
      2,000 SF

      Wayne Mixed-Use Commercial Property

      Live & Work in Prime Wayne Location
      234 Conestoga Rd, Wayne, PA 19087
      View Details
    • Contact for pricing
      0.62 Acres

      Wayne Retail Space - Prime Location

      High-traffic retail/office suites available.
      1100 Valley Rd, Wayne, PA 19087
      View Details
    • $700,000
      2,097 SF

      Wayne, PA Mixed-Use Property

      Prime Wayne location, 2,097 SF, $700,000
      234 Conestoga Rd, Wayne, PA 19087
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious 1-acre lot in a sought-after Wayne location.
    Where is this residential land & home lot located?
    The property is located at 356 King Of Prussia Rd Wayne, PA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Premium 1-acre lot in a highly sought-after Wayne location on the Mainline.; - All utilities available: public water, public sewer, and natural gas.; - Opportunity to build a custom home to your exact specifications.
    (610) 496-2899
    Request Owner's contact information
    356 King Of Prussia Rd Wayne, PA 19087
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    356 King Of Prussia Rd
    Wayne, PA 19087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    356 King Of Prussia Rd Wayne, PA 19087
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bridget Kroll
    Bridget Kroll
    (610) 496-2899
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.