Building Details

Building Size 1,168 SF

Year Built 1988

Listing Agency: RE/MAX Centre Realtors

Listed By: Victoria A Sweitzer · License #RS250059 Show Phone

Source: Lizclarkrealestate

Added: Oct 12 Changed: Oct 17 Last Checked: Oct 16 at 5:50PM

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Investment Insights

Based on property information with market context.

This third-floor condo, built in 1988, features loft-style ceilings, a wood-burning fireplace, and a private balcony. Two main-floor bedrooms each have an adjacent full bath. An open loft provides additional space that can serve as a third bedroom, office, or play area. A heater was installed in 2025, followed by new windows and a sliding door in 2026.

The property offers access to Routes 422, 476, and 76. Shopping, dining, and entertainment options in King of Prussia are nearby.

Key Highlights

• Third‑floor condo with loft‑style ceilings and an open loft
• Two main‑floor bedrooms, each with an adjacent full bath
• Wood‑burning fireplace and private balcony

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,780

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$315,600 $315.6K

Cap Rate 7%

$225,429 $225.4K

Cap Rate 9%

$175,333 $175.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,168 SF

Gross rent

$30.6K $26.16/SF

− Vacancy

−$1.9K −$1.60/SF

EGI

$28.7K $24.56/SF

− OpEx

−$12.9K −$11.05/SF

NOI

$15.8K $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 Rate 5%

$315,600

Cap Rate 7%

$225,429

Cap Rate 9%

$175,333

Alternative Uses

Best Use

Apartment 5plus

$225.4K

$197.3K – $263.0K (±1% cap)

NOI $15,780 @ 7.0% cap · market cap 6.31%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$671.8K

$587.9K – $783.8K (±1% cap)

NOI $47,029 @ 7.0% cap · market cap 18.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Daycare Center Parking Lot & Garage Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

516

Businesses Nearby

Explore this area Business Placement

Demographics for 19403, PA

43,734

Population

19,720

Households

2.2

Avg Household Size

45

Median Age

48%

College-Educated

96%

High-School Grad

22.4 sq mi

ZIP Area

1,952

Density / Sq Mi

$101,996

Median Household Income

$59,809

Median Earnings

$1,640

Median Rent

$355,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - The third-floor condo has an open loft, private balcony, wood-burning fireplace, and recent system and window updates.

Where is this residential income property located?

The property is located at 812 DEER RUN East Norriton, PA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Third‑floor condo with loft‑style ceilings and an open loft; Two main‑floor bedrooms, each with an adjacent full bath; Wood‑burning fireplace and private balcony