Office Suites With Two
New
For Sale
$749,000
Pending
860 1st Avenue # 7b, King of Prussia, PA 19406
The combined office configuration remains separately deeded as two suites.
Property Size1,800 SF
Days on Market2
Property Features for 860 1st Avenue # 7b
General Information
Standard status
Pending
Size
1,800 SF
Zoning
SM
Additional Details
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,864
Amenities
Electric
Yes
Public
4500
0.00 x 0.00
No
Parking Lot
Handicap Parking,Paved Parking,Lighted Parking
15
0.00
Assessor
Building Details
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 3:05AM
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.
At 860 1st Avenue in King of Prussia, this 1,800-square-foot office property combines Suites 7a and 7b while retaining separate deeds. The layout has two individual entrances. The building dates to 1984, and the property is zoned SM.
A parking lot is provided, with paved, lighted, and handicap parking identified among the exterior features.
A parking lot is provided, with paved, lighted, and handicap parking identified among the exterior features.
Key Highlights
- 1,800 square feet across the combined office suites
- Two individual entrances
- Suites 7a and 7b are deeded separately
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
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Office units
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 combined office configuration remains separately deeded as two suites.
Where is this office unit located?
The property is located at 860 1st Avenue # 7b 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: 1,800 square feet across the combined office suites; Two individual entrances; Suites 7a and 7b are deeded separately
