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Property profile & analytics
FOR LEASE
Office buildings
1150 1St Ave, King of Prussia, PA 19406
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-0611413
For Lease
$35,470,000
1150 1St Ave, King of Prussia, PA 19406
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
261,192 SF
Lot
5.08 ac (221,285 SF)
Zoning code
AR1
APN
58-00-06847-05-2
UPID
US73-0611413
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
-
Fleet Walker Video Film Production Television Studio
-
Ardmore Roderick Engineering Consultant
-
Kantaloupe Advertising Agency Marketing & Advertising
-
American Land Development General Contractor
-
Firestorm SEM Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$38.66M
Blend (final)
Blend
$35.47M
Owner & transaction history
Parkview Tower Associates LP · 15 yrs held
Parkview Tower Associates LP
since 2011
5 recorded transactions
Zoning & alternative use
AR1 · 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
$49,685,000
Current use
MEDICAL BUILDING
$41,170,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$40,785,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$35.47M
Range $31.92M – $39.02M · ±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
$136 / 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
$323,589
Tax year 2023
Assessed value
$10,500,000
Assessed 2024
Previous assessed
$10,500,000
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$8,900,000
Land market value
$1,600,000
Improvement market value
$8,900,000
Total market value
$10,500,000
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
1974
Heating
FORCED AIR
Cooling
CENTRAL
Total area
261,192 SF
Lot
5.08 ac (221,285 SF)
Zoning code
AR1
APN
58-00-06847-05-2
UPID
US73-0611413
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
AR1 · King Of Prussia, PA
Zoning AR1 · permitted uses
AR1 · 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
$49.7M
MEDICAL BUILDING
Est. value
$41.2M
WAREHOUSE, STORAGE
Est. value
$40.8M
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
1974
Heating
FORCED AIR
Cooling
Yes
Lot
5.08 ac
Current owner
From public records · entity-resolved
Parkview Tower Associates LP
Entity
Mailing address
555 E LANCASTER AVE STE #120, RADNOR, PA 19087-5167
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2011
—
Parkview Tower Associates LP
1100 First Avenue Assocs LP
Deed In Lieu Of Foreclosure
$21,000,000 · Susquehanna Bank
Mar 4, 2010
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Aug 10, 2009
—
1100 First Avenue Assocs
—
Deed Of Trust
related
$31,500,000 · Capmark Bank
Oct 3, 2007
—
1100 First Avenue Assocs
—
Deed Of Trust
related
$31,500,000 · Capmark Bank
Dec 10, 1999
—
1100 First Avenue Assoc LP
Valley Forge Colonial LP
Grant Deed
related
—
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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