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

    489 S Gulph Rd King of Prussia, PA

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

    7,660 SF building with long-term tenant and outdoor play area.

    Type:RETAIL
    Property size:
    7,660 SF
    Lot size:
    1.47 Acres
    Added:
    May 30, 2025
    Days on Market:
    307
    Last Refresh:
    Mar 29 at 8:26 pm

    Property Features for 489 S Gulph Rd

    General Information

    Standard status
    Active
    Size
    7,660 SF
    Lot size
    1.47 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Douglas Kelly
    Douglas Kelly

    Listing agent Douglas Kelly License #2192500

    Listing office Binswanger - Corporate

    Listing date May 30, 2025

    Source Moodyscre

    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 Binswanger - Corporate

    Overview

    King of Prussia NNN Investment

    The property features a 7,660-square-foot building situated on a 1.53-acre lot, complete with an outdoor play area. The site has a proven operating history of over 37 years. The property is currently occupied by a long-term tenant with a waiting list for enrollment. The tenant has 11 years of remaining lease term with 3% annual increases. The lease structure is NNN, calling for minimal Landlord responsibilities. The Goddard School opened their 3rd Franchise at this location in 1985.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Goddard School of King ... Daycare Center

    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
    -75.4144
    Latitude
    40.0935

    Nearby Similar for Sale

    • $199,900

      King of Prussia Commercial Space

      1,170 sq ft commercial space in Valley Forge Towers.
      10116 VALLEY FORGE Circle unit: 116, KING OF PRUSSIA, PA 19406
      View Details
    • $269,000

      Professional Office Space, King of Prussia

      Modern office space in a desirable commercial hub.
      20133 VALLEY FORGE Circle unit: 133-W, KING OF PRUSSIA, PA 19406
      View Details
    • $269,000

      King of Prussia Office Space

      Professional office space in a desirable commercial hub.
      20133 VALLEY FORGE CIRCLE 133-W, KING OF PRUSSIA, PA 19406
      View Details
    • $305,000
      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
      View Details
    • Contact for pricing
      3,124 SF

      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
      8,000 SF

      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
    • $749,000

      King of Prussia Office Suites

      Two office suites combined, deeded separately, for sale.
      860 1ST AVENUE 7B, 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 Road, King of Prussia, PA 19406
      View Details
    • $305,000
      1,250 SF

      King of Prussia Office/Retail Space

      1,250 SF office/retail space in King of Prussia for sale.
      10117 Valley Forge Cir, 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
      View Details
    • $1,350,000
      7,942 SF

      Ambulatory Surgery Center For Sale

      Licensed ambulatory surgery center with multiple rooms and offices.
      625 Clark Ave, King Of Prussia, PA
      View Details

    FAQs

    What type of property is this?
    Day care center - 7,660 SF building with long-term tenant and outdoor play area.
    Where is this day care center located?
    The property is located at 489 S Gulph Rd King of Prussia, PA.
    What are key features of this property?
    This property features: Long‑Term successful Tenant with a waiting list for enrollment; 11 years of remaining term with 3% annual increases; NNN Investment: The lease structure calls for very minimal Landlord responsibilities
    (215) 740-7590
    We can help!
    Listing Contact
    Douglas Kelly
    Douglas Kelly
    Real Estate License ID: 2192500
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!