Add Listing
    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

    860 1St Ave King of Prussia, PA 19406

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Modern 2,759 SF office condo in King of Prussia.

    Property size:
    2,759 SF
    Lot size:
    0.13 Acres

    Property Features for 860 1St Ave

    General Information

    Size
    2,759 SF
    Lot size
    0.13 Acres

    We can help!

    Listing Contact
    Paul Wolfson
    Source: Moodyscre

    Listing Agent: Paul Wolfson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    King of Prussia Office Condo

    Located in King of Prussia's business corridor, this 2,759 square foot single-story office condominium unit at 860 First Avenue, Suite 8A, offers a strategic investment opportunity. The location provides convenient access to major highways, placing Philadelphia and the surrounding region within easy reach. The property is situated moments from the King of Prussia Mall, the Village at Valley Forge, Valley Forge Casino, and Top Golf. Immediate access to the First Avenue Linear Park, recognized for its design with a 2024 Montgomery Award, provides a wellness amenity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Michael Bianchi, ... Dental Office Your Video Spokesperson Film Production Mc Donnell & Associates Law Firm Pennsylvania Oral & Maxillofacial ... Dental Office Dr. Kunaal Goyal, ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    King of Prussia
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.402511
    Latitude
    40.096212

    Nearby Similar for Sale

    • $269,000
      0.02 Acres

      Professional Office Space, King of Prussia

      Modern office space in a desirable commercial hub with ample amenities.
      20133 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $199,900
      0.03 Acres

      King of Prussia Commercial Space

      1,170 sq ft commercial space in Valley Forge Towers.
      10116 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $499,000
      960 SF

      King of Prussia Commercial Condominium

      Luxurious commercial condominium in King of Prussia with highway access.
      1000-4000 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      Retail Space Near King of Prussia

      Retail spaces available near King of Prussia Mall.
      600 West Dekalb Pike, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      King of Prussia Retail Space

      Retail space available in King of Prussia's retail corridor.
      224 West Dekalb Pike, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      5,996 SF

      King of Prussia Retail Building

      Free-standing building adjacent to King of Prussia Mall.
      625 W Dekalb Pike, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      7,660 SF

      King of Prussia NNN Investment

      7,660 SF building with long-term tenant and outdoor play area.
      489 S Gulph Rd, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center

      Retail center anchored by a grocery store for sale.
      314 South Henderson Rd, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      2,600 SF

      King of Prussia AT&T Investment

      NNN leased AT&T in King of Prussia, Pennsylvania.
      677 W Dekalb Pike, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      7,942 SF

      Ambulatory Surgery Center For Sale

      Licensed ambulatory surgery center with multiple rooms and offices.
      625 Clark Ave, King of Prussia, PA 19406
      View Details
    • $499,000
      1,920 SF

      King of Prussia Office Condo

      1,920 SF, 2-unit office condo, great location
      10119 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $589,000
      1,920 SF

      King of Prussia Retail Condo

      Prime location, 1920 sq ft, $589,000
      1000 Valley Forge Cir, King of Prussia, PA 19406
      View Details

    FAQs

    What type of property is this?
    Office units - Modern 2,759 SF office condo in King of Prussia.
    Where is this office units located?
    The property is located at 860 1St Ave King of Prussia, PA.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - Prime location in King of Prussia's business corridor with immediate access to major highways for easy regional access.; - Proximity to world-class shopping at King of Prussia Mall, dining, entertainment, and Valley Forge Casino.; - Modern, sleek 2,759 SF single-story office condominium unit.
    (610) 989-0300 Call to check price and availability
    Request Owner's contact information
    860 1St Ave King of Prussia, PA 19406
    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.
    860 1St Ave
    King of Prussia, PA 19406
    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
    860 1St Ave King of Prussia, PA 19406
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Wolfson
    (610) 989-0300 (610) 975-4281
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!