Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Office Spaces
1004 9th Ave 9 King Of Prussia, PA 19406-1205
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0171029
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1979
Total area
23,762 SF
Lot
0.54 ac (23,537 SF)
Zoning code
SM
APN
58-00-14077-06-7
UPID
US73-0171029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ember IT, LLC Tech Support Center IT Consulting Firm
-
Balance and Vestibular Center - Division of Pinnacle ENT Associates Physician
-
Best Choice Roofing Roofing Company General Contractor
-
Balance and Vestibular Center of King of Prussia Medical Clinic
-
Silentia Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.14M
Owner & transaction history
Westgate Property Ventures LLC · 3 yrs held
Westgate Property Ventures LLC
since 2023
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
SM · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs King Of Prussia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King Of Prussia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,935,000
ML approach
$3,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,520,000
Current use
MEDICAL BUILDING
$3,745,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$3,710,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $2.95M (Apr 17 2023)
Last sale anchor
$2.95M
Apr 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,494
Tax year 2023
Assessed value
$1,086,810
Assessed 2024
Previous assessed
$1,086,810
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$447,200
Assessed improvement
$639,610
Land market value
$447,200
Improvement market value
$639,610
Total market value
$1,086,810
Applied tax rate
58.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Total area
23,762 SF
Lot
0.54 ac (23,537 SF)
Zoning code
SM
APN
58-00-14077-06-7
UPID
US73-0171029
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SM · King Of Prussia, PA
Zoning SM · permitted uses
SM · King Of Prussia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
King Of Prussia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.7M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Lot
0.54 ac
Current owner
From public records · entity-resolved
Westgate Property Ventures LLC
Entity
Mailing address
8 WESTGATE DR, SAYVILLE, NY 11782-3054
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
$2,950,000
Westgate Property Ventures LLC
1004 Continental Associates LLC
Special Warranty Deed
$2,212,500 · Phoenixville Federal Bank & Trust
Jan 8, 2021
—
1004 Continental Associates Ll
—
Deed
related
$1,500,000 · Truist Bk
Mar 30, 2016
$2,700,000
1004 Continental Associates LLC
King Of Prussia Investors LP
Deed
—
Apr 3, 2013
—
King Of Prussia Investors LP
—
Deed Of Trust
related
$6,400,000 · National Penn Bank
Jun 3, 2003
$8,838,000
King Of Prussia Inve St
Ncp INC
Grant Deed
$6,600,000 · Archon Financial LP
—
—
1004 Continental Associates Ll
—
Deed Of Trust
related
$1,500,000 · Truist Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1004 9th Ave, Unit 9?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
