Residential Income
For Sale
$229,900
10512 VALLEY FORGE CIR Unit 512, King of Prussia, PA 19406
Condominium features hardwood flooring, a balcony, and access to a clubhouse and gym.
Property Size840 SF
Days on Market23
Property Features for 10512 VALLEY FORGE CIR Unit 512
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,003
Amenities
reception area
sitting area
pool
club house
gym
Building Details
Building Size
840 SF
Year Built
1972
Listing Agency:
Keller Williams Real Estate-Doylestown
(215) 837-1039
Listed By:
Gloria Lehuta · License #RS179813L
(215) 837-1039
Source:
Lizclarkrealestate
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 29 at 3:27PM
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 Keller Williams Real Estate-Doylestown
Investment Insights
Based on property information with market context.
This residential condominium is located on the fifth floor of a building constructed in 1972. Interior features include hardwood flooring, a sizable living room, and a sliding door opening to a balcony. The building entry includes a reception area and sitting space with a view of the in-ground pool.
Additional on-site amenities include a clubhouse and gym. The property information also identifies a pharmacy, restaurant, doctors office, coffee shop, and bus access among the surrounding or building conveniences. The residence combines a defined living area with outdoor balcony space and access to shared recreational facilities.
Additional on-site amenities include a clubhouse and gym. The property information also identifies a pharmacy, restaurant, doctors office, coffee shop, and bus access among the surrounding or building conveniences. The residence combines a defined living area with outdoor balcony space and access to shared recreational facilities.
Key Highlights
- Fifth‑floor condominium in a building constructed in 1972
- Hardwood flooring throughout the residence
- Large living room with sliding‑door access to a balcony
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
$11,349
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
4.94%
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%
$226,980
$227.0K
Cap Rate 7%
$162,129
$162.1K
Cap Rate 9%
$126,100
$126.1K
Market Conditions
NOI Build-Up for 840 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
$22.0K $26.16/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$20.6K $24.56/SF
− OpEx
−$9.3K −$11.05/SF
NOI
$11.3K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
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%
$226,980
Cap Rate 7%
$162,129
Cap Rate 9%
$126,100
Alternative Uses
Best Use
Apartment 5plus
$162.1K
$141.9K – $189.2K
NOI $11,349 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$483.2K
$422.8K – $563.7K
NOI $33,822 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,124
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium features hardwood flooring, a balcony, and access to a clubhouse and gym.
Where is this residential income property located?
The property is located at 10512 VALLEY FORGE CIR Unit 512 King of Prussia, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Fifth‑floor condominium in a building constructed in 1972; Hardwood flooring throughout the residence; Large living room with sliding‑door access to a balcony
