Renovated Office
For Sale
Contact for pricing
1008 West 9th Avenue, King of Prussia, PA 19406
Single-story office property with open ceilings, contemporary finishes, and parking positioned directly outside the suites.
Property Size10,200 SF
Price / SF$245.10
Days on Market95
Property Features for 1008 West 9th Avenue
General Information
Standard status
Active
Size
10,200 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$190,140
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Bennett Williams Commercial
(610) 306-3350
Listed By:
Theo Notaras · License #PA RS291023
Source:
Crexi
Added: May 28
Changed: Aug 30
Last Checked: Aug 30 at 4:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial
Investment Insights
Based on property information with market context.
This single-story office building contains 10,200 square feet and has undergone a complete renovation. The interior features open ceilings and a contemporary design, giving the property a modern office environment. On-site parking is placed directly in front of the suites for convenient access.
The property is located at 1008 West 9th Avenue in King of Prussia, Pennsylvania, with access to the area’s major highways. Its office configuration and renovated interior support a range of professional workplace layouts.
The property is located at 1008 West 9th Avenue in King of Prussia, Pennsylvania, with access to the area’s major highways. Its office configuration and renovated interior support a range of professional workplace layouts.
Key Highlights
- 10,200‑square‑foot office building in King of Prussia
- Completely renovated interior with contemporary design
- Open‑ceiling office environment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$160,361
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,207,220
$3.2M
Cap Rate 7%
$2,290,871
$2.3M
Cap Rate 9%
$1,781,789
$1.8M
Market Conditions
NOI Build-Up for 10,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$265.6K $26.04/SF
− Vacancy
−$51.8K −$5.08/SF
EGI
$213.8K $20.96/SF
− OpEx
−$53.5K −$5.24/SF
NOI
$160.4K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,207,220
Cap Rate 7%
$2,290,871
Cap Rate 9%
$1,781,789
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,361 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.87M
$5.13M – $6.85M
NOI $410,700 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 19406, PA
28,553
Population
14,181
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
2,131
Density / Sq Mi
$109,944
Median Household Income
$65,749
Median Earnings
$1,983
Median Rent
$393,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story office property with open ceilings, contemporary finishes, and parking positioned directly outside the suites.
Where is this office building located?
The property is located at 1008 West 9th Avenue King of Prussia, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,200‑square‑foot office building in King of Prussia; Completely renovated interior with contemporary design; Open‑ceiling office environment
