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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2002 Renaissance Blvd King of Prussia, PA 19406

    • Office Properties & Spaces
    • 28,024 SF
    • 0.64 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0297183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bealstone Inc. / Advertising Agency / Marketing & Advertising
    • Sanare Today- King of Prussia, PA / Crisis Center / Medical Clinic
    • Independence Blue Cross / Insurance Agency
    • Mind Lance Inc / Employment Agency
    • Jennifer Lubas / Psychotherapist

    Property Details for 2002 Renaissance Blvd

    Year built
    1994
    Lot size
    0.64 lot acres
    Property size
    28,024 SF
    Zone code
    SM1
    Property type
    Office Properties & Spaces
    APN
    58-00-15987-00-2
    APU
    580015987002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,817,000
      Market price range: $3.31M - $6.62M
      AI Estimate
      $4,351,000
      Market price range: $2.37M - $7.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,330,000
      Current use
      RETAIL STORES
      $7,545,000
      Change: +42% Conversion: Moderate
      MEDICAL BUILDING
      $4,415,000
      Change: -17% Conversion: Easy
      WAREHOUSE, STORAGE
      $4,375,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    King Of Prussia
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3339
    Latitude
    40.0837
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,317
    $0.00
    $0.00
    $1,308,220
    -
    $0.00
    $0.00
    $1,308,220

    Comparable in this City

    • Value Estimation
      $590,000
      3,224 SF

      625 Clark Ave Ste, Unit 19

      CONDOMINIUM OFFICES • 3,224 SF
      625 Clark Ave Ste, King Of Prussia, PA 19406-1438
      View Details
    • Value Estimation by Request
      171 SF

      20132nd Vly Frg Cir132-a

      CONDOMINIUM OFFICES • 171 SF
      20132nd Vly Frg Cir132-a, King Of Prussia, PA 19406-1112
      View Details
    • Value Estimation
      $8,135,000
      53,956 SF

      640 Allendale Rd, Unit B

      CONDOMINIUM OFFICES • 53,956 SF
      640 Allendale Rd, King Of Prussia, PA 19406-1418
      View Details
    • Value Estimation
      $24,180,000
      132,864 SF

      400 Guthrie Rd

      CONDOMINIUM OFFICES • 132,864 SF
      400 Guthrie Rd, King Of Prussia, PA 19406-2436
      View Details
    • Value Estimation by Request
      816 SF

      2000 Vly Frg Cir

      CONDOMINIUM OFFICES • 816 SF
      2000 Vly Frg Cir, King Of Prussia, PA 19406-4526
      View Details
    • Value Estimation by Request
      967 SF

      2000 Vly Frg Cir

      CONDOMINIUM OFFICES • 967 SF
      2000 Vly Frg Cir, King Of Prussia, PA 19406-4526
      View Details

    Similar Nearby for Sale

    • $499,000
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      King of Prussia Office Condo

      1,920 SF, 2-unit office condo, great location
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    • $499,000
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      King of Prussia Commercial Condominium

      Luxurious commercial condominium in King of Prussia with highway access.
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    • $690,000
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      King of Prussia Office Condo

      Modern 2,759 SF office condo in King of Prussia.
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    • $269,000
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      Professional Office Space, King of Prussia

      Modern office space in a desirable commercial hub with ample amenities.
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    • $199,900
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      King of Prussia Commercial Space

      1,170 sq ft commercial space in Valley Forge Towers.
      10116 Valley Forge Cir, King of Prussia, PA 19406
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    Similar Nearby for Lease

    • Contact for pricing
      40,153 SF

      King of Prussia Office Space

      Office building with highway access and renovated lobby for lease.
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      View Details
    • Contact for pricing
      2,276 SF

      New Clinical Space in King

      Newly constructed clinical space with convenient access to amenities.
      491 Allendale Rd, King of Prussia, PA 19406
      View Details
    • $2,100 /Mo

      King of Prussia Commercial Space

      Versatile commercial space in an active King of Prussia location.
      570 W Dekalb Pike, King of Prussia, PA 19406
      View Details
    • $3,250 /Mo
      2,178 SF

      Furnished Office Suite in Towers

      Modern, renovated office suite in Valley Forge Towers. Available 2026.
      20142 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $3,466 /Mo

      King of Prussia Warehouse Space

      Warehouse with mezzanine office space available for lease.
      367 E Church Rd, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      8,000 SF

      King of Prussia Retail Space

      Retail space available in a super regional market.
      99-131 Town Center Rd, King of Prussia, PA 19406
      View Details
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    King of Prussia, PA 19406
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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