Office Suites with Separate
New
For Sale
$749,000
Pending
860 1st Avenue # 7a, King of Prussia, PA 19406
The two office units are combined for use and offered together while retaining separate deeds.
Property Size43,000 SF
Days on Market2
Property Features for 860 1st Avenue # 7a
General Information
Standard status
Pending
Size
43,000 SF
Zoning
SM
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,840
Amenities
Electric
Yes
Public
4500
0.00 x 0.00
No
Parking Lot
Handicap Parking,Lighted Parking,Paved Parking,Unassigned
15
43000.00
Assessor
Building Details
Building Size
43,000 SF
Year Built
1984
Listing Agency:
Geis Realty Group, Inc.
(610) 975-4269
Listed By:
James E Eaton Jr. · License #RM422218
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:21AM
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 Geis Realty Group, Inc.
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Investment Insights
Based on property information with market context.
The office property measures 1,800 square feet and consists of two suites with individual entrances. The units are combined, but each remains separately deeded; Suite 7b and Parcel #58-00-06824-129 are included in the sale. The building dates to 1984, and the zoning designation is SM.
The property is at 860 1st Avenue, Suite 7a, in King of Prussia, Pennsylvania.
The property is at 860 1st Avenue, Suite 7a, in King of Prussia, Pennsylvania.
Key Highlights
- Two office suites with separate entrances and individual deeds
- 1,800 square feet
- Sale includes Suite 7b and Parcel #58‑00‑06824‑129
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,299
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,980
$566.0K
Cap Rate 7%
$404,271
$404.3K
Cap Rate 9%
$314,433
$314.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.9K $26.04/SF
− Vacancy
−$9.1K −$5.08/SF
EGI
$37.7K $20.96/SF
− OpEx
−$9.4K −$5.24/SF
NOI
$28.3K $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 Rate 5%
$565,980
Cap Rate 7%
$404,271
Cap Rate 9%
$314,433
Alternative Uses
Best Use
Office B
$404.3K
$353.7K – $471.7K
NOI $28,299 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$906.0K – $1.21M
NOI $72,477 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,152
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The two office units are combined for use and offered together while retaining separate deeds.
Where is this office unit located?
The property is located at 860 1st Avenue # 7a King of Prussia, PA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two office suites with separate entrances and individual deeds; 1,800 square feet; Sale includes Suite 7b and Parcel #58‑00‑06824‑129
