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

    2701 Renaissance Blvd King Of Prussia, PA 19406-2781

    • Office buildings
    • 118,981 SF
    • 4.24 lot acres
    OFF-MARKET
    Value Estimations
    $29,490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0850270
    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

    • Hibu / Advertising Agency / Marketing & Advertising
    • TQ CAFE AND CATERING / Cafe & Coffee Shop
    • MedRisk / Corporate Office
    • MLP Construction / Construction Company / General Contractor
    • 1-800-RECOVERY / Medical Clinic

    Property Details for 2701 Renaissance Blvd

    Year built
    2001
    Lot size
    4.24 lot acres
    Property size
    118,981 SF
    Zone code
    SM1
    Property type
    Office buildings
    APN
    58-00-15956-03-3
    APU
    580015956033

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,100,000
      Market price range: $14.1M - $28.1M
      AI Estimate
      $30,880,000
      Market price range: $10.1M - $30.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $22,635,000
      Current use
      AUTO REPAIR, GARAGE
      $35,165,000
      Change: +55% Conversion: Difficult
      RETAIL STORES
      $32,040,000
      Change: +42% Conversion: Moderate
      MEDICAL BUILDING
      $18,755,000
      Change: -17% Conversion: Easy
      WAREHOUSE, STORAGE
      $18,580,000
      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
    -75.3449
    Latitude
    40.0813
    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
    $414,934
    $0.00
    $0.00
    $13,464,000
    -
    $0.00
    $0.00
    $13,464,000

    Comparable in this City

    • Value Estimation
      $640,000
      2,592 SF

      356 Henderson Rd

      PROFESSIONAL BUILDING • 2,592 SF
      356 Henderson Rd, King Of Prussia, PA 19406-2513
      View Details
    • Value Estimation
      $11,425,000
      46,099 SF

      2700 Horizon Dr

      OFFICE BUILDING • 46,099 SF
      2700 Horizon Dr, King Of Prussia, PA 19406-2677
      View Details
    • Value Estimation
      $21,410,000
      92,896 SF

      3200 Horizon Dr

      OFFICE BUILDING • 92,896 SF
      3200 Horizon Dr, King Of Prussia, PA 19406-2680
      View Details
    • Value Estimation
      $17,020,000
      84,649 SF

      720 Vandenburg Rd

      OFFICE BUILDING • 84,649 SF
      720 Vandenburg Rd, King Of Prussia, PA 19406-1400
      View Details
    • Value Estimation
      $35,470,000
      261,192 SF

      1150 1st Ave

      OFFICE BUILDING • 261,192 SF
      1150 1st Ave, King Of Prussia, PA 19406-1334
      View Details
    • Value Estimation
      $43,015,000
      230,132 SF

      760 Moore Rd

      OFFICE BUILDING • 230,132 SF
      760 Moore Rd, King Of Prussia, PA 19406-1212
      View Details

    Similar Nearby for Sale

    • $499,000
      1,920 SF

      King of Prussia Office Condo

      1,920 SF, 2-unit office condo, great location
      10119 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $3,500,000
      1.30 Acres

      King of Prussia Office Building

      Prime Office Space, 9 Offices, 21 Parking Spots
      618 Shoemaker Rd, King of Prussia, PA 19406
      View Details
    • $199,900
      0.03 Acres

      King of Prussia Commercial Space

      1,170 sq ft commercial space in Valley Forge Towers.
      10116 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $269,000
      0.02 Acres

      Professional Office Space, King of Prussia

      Modern office space in a desirable commercial hub with ample amenities.
      20133 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $690,000
      2,759 SF

      King of Prussia Office Condo

      Modern 2,759 SF office condo in King of Prussia.
      860 1St Ave, King of Prussia, PA 19406
      View Details
    • $499,000
      960 SF

      King of Prussia Commercial Condominium

      Luxurious commercial condominium in King of Prussia with highway access.
      1000-4000 Valley Forge Cir, King of Prussia, PA 19406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,928 SF

      Under Construction Office Building

      Four-story, 100,000 SF office building with modern amenities.
      650 Park Ave, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      15,769 SF

      Renovated Class A Office Building

      Four-story office building with commuter-friendly location and shuttle service.
      200 N Warner Rd, King of Prussia, PA 19406
      View Details
    • $5,800 /Mo
      2,000 SF

      Renovated Two-Story Building For Rent

      2,000 SF renovated building near King of Prussia Mall.
      729 W Dekalb Pike, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      40,153 SF

      King of Prussia Office Space

      Office building with highway access and renovated lobby for lease.
      630 Allendale Rd, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      9,804 SF

      King of Prussia Office Building

      Single-story office building near major routes and highways.
      2010 Renaissance Blvd, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      23,358 SF

      Class A Office Space Available

      Luxury office building with modern amenities in King of Prussia.
      640 Freedom Business Ctr Dr, King of Prussia, PA 19406
      View Details
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    King Of Prussia, PA 19406-2781
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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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