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Property profile & analytics
OFF-MARKET
Estimated value
$3,990,000
Office Spaces
1012 9th Ave 5 King Of Prussia, PA 19406-1093
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-5959744
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1980
Total area
30,852 SF
Lot
0.71 ac (30,852 SF)
Zoning code
SM
APN
58-00-14077-14-8
UPID
US73-5959744
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
-
ARCpoint Labs of King of Prussia Drug Testing Service
-
Grane Hospice Care - King of Prussia Nursing Home
-
ACT - The Arc Community Trust of Pennsylvania Financial Advisor
-
LeverX (Bike/Boat/Book/etc) Store Corporate Office
-
King of Prussia Investors LP Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$3.99M
Owner & transaction history
1012 West Ninth Avenue LLC · 5 yrs held
1012 West Ninth Avenue LLC
since 2021
Last sale
$3.5M
3 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
$3,925,000
ML approach
$4,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,870,000
Current use
MEDICAL BUILDING
$4,865,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$4,815,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.39M · ±10% · vs last sale $3.45M (May 4 2021)
Last sale anchor
$3.45M
May 4 2021
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
$129 / 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
$47,244
Tax year 2023
Assessed value
$1,532,980
Assessed 2024
Previous assessed
$1,532,980
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$586,190
Assessed improvement
$946,790
Land market value
$586,190
Improvement market value
$946,790
Total market value
$1,532,980
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
1980
Heating
FORCED AIR
Cooling
CENTRAL
Total area
30,852 SF
Lot
0.71 ac (30,852 SF)
Zoning code
SM
APN
58-00-14077-14-8
UPID
US73-5959744
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
$5.9M
MEDICAL BUILDING
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.8M
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
1980
Heating
FORCED AIR
Cooling
Yes
Lot
0.71 ac
Current owner
From public records · entity-resolved
1012 West Ninth Avenue LLC
Entity
Free & Clear · 5 yrs held
Mailing address
601 UNIVERSITY PL, SWARTHMORE, PA 19081-2310
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$3,450,000
1012 West Ninth Avenue 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
New Continental Pl A Assocs
Grant Deed
$6,600,000 · Archon Financial LP
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.
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