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Property profile & analytics
FOR LEASE
Office buildings
1100 1St Ave, King of Prussia, PA 19406
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-1585909
For Lease
1 / 3
$24 SF/Yr
1100 1St Ave, King of Prussia, PA 19406
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
153,258 SF
Lot
18.14 ac (790,178 SF)
Zoning code
SM
APN
58-00-06844-00-1
UPID
US73-1585909
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
-
Devon Office Furniture Home Decor Store Department Store
-
Piazza Management Company Property Management Company
-
Cloud Therapeutics Medical Clinic
-
Friedlander Mark S MD Physician
-
BL Companies Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.91M
Blend (final)
Blend
$21.80M
Owner & transaction history
Royale Garden LP · 10 yrs held
Royale Garden LP
since 2016
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$29,155,000
Current use
MEDICAL BUILDING
$24,155,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$23,930,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$21.80M
Range $19.62M – $23.98M · ±10%
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
$142 / 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
$191,734
Tax year 2023
Assessed value
$6,221,500
Assessed 2024
Previous assessed
$6,221,500
+0.0% YoY
Effective rate
3.08%
On assessed value
Total market value
$6,221,500
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1982
Heating
HOT WATER
Cooling
CENTRAL
Total area
153,258 SF
Lot
18.14 ac (790,178 SF)
Zoning code
SM
APN
58-00-06844-00-1
UPID
US73-1585909
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
$29.2M
MEDICAL BUILDING
Est. value
$24.2M
WAREHOUSE, STORAGE
Est. value
$23.9M
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
1982
Heating
HOT WATER
Cooling
Yes
Lot
18.14 ac
Current owner
From public records · entity-resolved
Royale Garden LP
Entity
Mailing address
1100 1ST AVE STE #100, KING OF PRUSSIA, PA 19406-1327
Ownership since
2016
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 8, 2021
—
Royale Garden LP
—
Deed
related
$3,500,000 · First Resource Bank
Feb 23, 2016
—
Royale Garden LP
Jabmd LLC
Deed In Lieu Of Foreclosure
$4,500,000 · Bryn Mawr Tr
Dec 14, 2007
—
Jabmd LLC
1100 First Ave INC
Deed
—
Oct 3, 2007
—
1100 First Avenue Assocs
—
Deed Of Trust
related
$16,800,000 · Capmark Bank
—
—
Devon It INC Jabmd LLC
—
Deed Of Trust
related
—
—
—
Jabmd LLC
—
Deed Of Trust
related
$7,200,000 · Emerald Crk Cap
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?”
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