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Property profile & analytics
FOR LEASE
Apartment buildings
335 East King St Malvern, PA 19355
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1175341
For Lease
1 / 7
$25,630,000
335 East King St, Malvern, PA 19355
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
179,501 SF
Lot
3.92 ac (170,625 SF)
Zoning code
C2
APN
0204 01480000
UPID
US73-1175341
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.63M
Owner & transaction history
237 King Partners LLC · 18 yrs held
237 King Partners LLC
since 2008
7 recorded transactions
Zoning & alternative use
C2 · Malvern, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Article VII R4 - Residential District Article VIII R5 - Residential District Article IX R6 - Residential District Article X R7 - Residential District Article XI Reserved Article XII C1 - Commercial District Article XIII C2 - Adaptive Reuse Commercial District Article XIV C3 - Town Center Commercial District Article XV C4 - High Intensity Commercial District…
Zone name
Commercial 4.8 Acres
General category
COMMERCIAL
Zone area
4.80 ac
Top alternative use upside
Commercial (general)
$41.0M
+20.2%
Restaurant
$38.8M
+14.0%
Auto repair, garage
$38.4M
+12.6%
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 Malvern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malvern 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%
$32,440,000
6.5%
$29,945,000
7%
$27,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$34,075,000
Current use
COMMERCIAL (GENERAL)
$40,955,000
Change: +20% · Conversion: Moderate
RESTAURANT
$38,830,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,350,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$32,150,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$25.63M
Range $23.07M – $28.19M · ±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
$143 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$674,718
Tax year 2024
Assessed value
$20,520,000
Assessed 2024
Previous assessed
$23,970,000
-14.4% YoY
Effective rate
3.29%
On assessed value
Assessed land
$717,190
Assessed improvement
$19,802,810
Land market value
$717,190
Improvement market value
$19,903,280
Total market value
$20,620,470
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
84
Rooms
6
Bathrooms
1
Total area
179,501 SF
Lot
3.92 ac (170,625 SF)
Zoning code
C2
APN
0204 01480000
UPID
US73-1175341
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Malvern, PAZoning C2 · permitted uses
C2 · Malvern, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Article VII R4 - Residential District Article VIII R5 - Residential District Article IX R6 - Residential District Article X R7 - Residential District Article XI Reserved Article XII C1 - Commercial District Article XIII C2 - Adaptive Reuse Commercial District Article XIV C3 - Town Center Commercial District Article XV C4 - High Intensity Commercial District Article XVI I1 - Institutional District Article XVII I2 - Institutional District A
Zone name
Commercial 4.8 Acres
General category
COMMERCIAL
Zone area
4.80 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$34.1M
COMMERCIAL (GENERAL)
Est. value
$41.0M
RESTAURANT
Est. value
$38.8M
AUTO REPAIR, GARAGE
Est. value
$38.4M
OFFICE BUILDING
Est. value
$32.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
84
Rooms
6
Bathrooms
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
237 King Partners LLC
Entity
Mailing address
795 E LANCASTER AVE STE #202, VILLANOVA, PA 19085-1525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
237 King Partners LLC
—
Deed
related
$242,075,263 · Sbnp Sia IV Wf Seller LLC
Jan 31, 2023
—
237 King Partners LLC
—
Deed
related
$237,790,000 · Pgim Real Estate Us Debt Fund Borrower V
Dec 22, 2014
—
237 King Partners LLC
—
Grant Deed
related
$40,409,000 · Berkadia Com'l Mtg
Nov 14, 2013
—
237 King Partners LLC
—
Trustees Deed
related
$900,000 · Manufacturers Traders & Trust
Mar 2, 2012
—
237 King Partners LLC
—
Grant Deed
related
$35,000,000 · Manufacturers Traders & Trust
Jun 5, 2008
$305,000
237 King Partners LLC
Anthony J Puccini
Deed
$3,580,000 · Wilmington Trust Of Pennsylvania
Dec 8, 2006
—
Anthony J Puccini
Puccini,rosalina C
Quit Claim 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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