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Property profile & analytics
FOR LEASE
Office buildings
200 N Warner Rd, King of Prussia, PA 19406
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2097671
For Lease
1 / 2
$43,555,000
200 N Warner Rd, King of Prussia, PA 19406
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
180,378 SF
Lot
7.25 ac (315,810 SF)
Zoning code
C2
APN
58-00-20399-00-9
UPID
US73-2097671
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
-
Walmart Deli Food Market Restaurant
-
HBK CPAs & Consultants Accounting Firm Tax Preparation
-
Housing Services Alliance Charitable Organization Social Service Agency
-
Laporte Consultants Engineering Consultant Automation Company
-
WTW (Willis Towers Watson) Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$42.60M
Blend (final)
Blend
$43.56M
Owner & transaction history
Pembroke Tcm North Warner LLC · 6 yrs held
Pembroke Tcm North Warner LLC
since 2019
5 recorded transactions
Zoning & alternative use
C2 · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$53.3M
+55.4%
Retail stores
$48.6M
+41.6%
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
$34,315,000
Current use
AUTO REPAIR, GARAGE
$53,315,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$48,570,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$28,430,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$28,165,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$43.56M
Range $39.20M – $47.91M · ±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
$241 / 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
$412,443
Tax year 2023
Assessed value
$13,383,200
Assessed 2024
Previous assessed
$14,790,000
-9.5% YoY
Effective rate
3.08%
On assessed value
Total market value
$13,383,200
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
1983
Heating
NONE
Cooling
NONE
Total area
180,378 SF
Lot
7.25 ac (315,810 SF)
Zoning code
C2
APN
58-00-20399-00-9
UPID
US73-2097671
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · King Of Prussia, PA
Zoning C2 · permitted uses
C2 · 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
$34.3M
AUTO REPAIR, GARAGE
Est. value
$53.3M
RETAIL STORES
Est. value
$48.6M
MEDICAL BUILDING
Est. value
$28.4M
WAREHOUSE, STORAGE
Est. value
$28.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1983
Heating
NONE
Cooling
Yes
Lot
7.25 ac
Current owner
From public records · entity-resolved
Pembroke Tcm North Warner LLC
Entity
Mailing address
24 N BRYN MAWR AVE #287, BRYN MAWR, PA 19010-3304
Ownership since
2019
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
Oct 28, 2019
$37,850,000
Pembroke Tcm North Warner LLC
Prussia Office 2016 LLC
Grant Deed
$27,350,000 · Barclays Cap R/e
Nov 22, 2016
—
Prussia Office 2016 LLC
—
Deed Of Trust
related
$17,000,000 · Acm Cre Fund I LP
May 13, 2016
$16,327,500
Prussia Office 2016 LLC
Gsms 2005-gg4 Warner Road LP
Grant Deed
—
Dec 22, 2011
$3,346
Gsms 2005-gg4 Warner Road LP
Sheriff Of Montgomery County
Trustees Deed
related
—
Mar 22, 2005
$46,317,550
Tpg Oak Hill Of Walnut Hill LLC
Pa-oak Hill Plaza
Grant Deed
$48,700,000 · Greenwich Capital Fin'l INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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