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Property profile & analytics
FOR SALE
Investment properties

618 Shoemaker Rd King of Prussia, PA 19406

6,511 SF 1.03 ac lot Built 1800
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-0319493
618 Shoemaker Rd, King of Prussia, PA 19406 For Sale
$2,700,000 6,511 SF
618 Shoemaker Rd, King of Prussia, PA 19406
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Property summary
AI-generated overview

This exceptional commercial property, located at 618 Shoemaker Road in King of Prussia, Pennsylvania, presents a lucrative investment opportunity. The two-story office building sits on a generous 1.3-acre lot, zoned for commercial office use. The building boasts nine individual offices, providing ample space for a variety of business needs. With 21 parking spaces available, employee and client parking is readily accommodated. The property's address is 618 Shoemaker Rd, King of Prussia, PA 19406, situated within Montgomery County. Its convenient location in King of Prussia offers excellent accessibility and visibility. The asking price for this well-maintained office building is $3,500,000. This represents a significant opportunity to acquire a substantial and well-positioned commercial property in a thriving business community. The property's size and features make it suitable for a range of businesses seeking a prominent presence in the King of Prussia market. The ample parking and convenient location are key advantages for attracting and retaining employees and clients. This is a turnkey solution for businesses seeking immediate occupancy and operational efficiency. The property's traditional office design offers a classic and professional aesthetic. Serious inquiries are encouraged to explore this compelling investment opportunity further.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1800
Total area 6,511 SF
Lot 1.03 ac (44,823 SF)
Zoning code C0
APN 58-00-17068-00-1
UPID US73-0319493
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
  • Arader Fine Art Framing (Bike/Boat/Book/etc) Store Home Decor Store
  • Triester Jeffrey Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$661k
Blend (final) Blend
$645k
Owner & transaction history
Bo Arader · 1 yrs held
Bo Arader
since 2024
Last sale
$630,000
7 recorded transactions
2024
Price N/A
2022
$630,000
2018
Price N/A
2008
Price N/A
2001
$350,000
1999
$400,000
1969
Price N/A
Zoning & alternative use
C0 · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +91.5%
Warehouse, storage $1.0M +89.7%
Apartment house (5+ units) $940,000 +75.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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