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Property profile & analytics
FOR LEASE
Super regional malls
640 W Dekalb Pike, King of Prussia, PA 19406
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0296530
For Lease
1 / 5
$30,100,000
640 W Dekalb Pike, King of Prussia, PA 19406
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Total area
197,108 SF
Lot
2.08 ac (90,605 SF)
Zoning code
SC
APN
58-00-06208-10-6
UPID
US73-0296530
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
-
Anthropologie (Bike/Boat/Book/etc) Store Cosmetic Store
-
Urban Outfitters (Bike/Boat/Book/etc) Store Cosmetic Store
-
Old Navy Clothing & Fashion Store
-
Zounds Hearing Hearing Aid Store
-
LifeSound Hearing Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.10M
Owner & transaction history
Lbc2 Reo LLC · 1 yrs held
Lbc2 Reo LLC
since 2024
7 recorded transactions
Zoning & alternative use
SC · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$37.5M
+46.0%
Medical building
$31.1M
+20.9%
Warehouse, storage
$30.8M
+19.8%
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
NEIGHBORHOOD: SHOPPING CENTER
$25,690,000
Current use
OFFICE BUILDING
$37,495,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$31,070,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$30,775,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,435,000
Change: +11% · Conversion: Difficult
RESTAURANT
$27,665,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$30.10M
Range $27.09M – $33.11M · ±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
$153 / 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
$862,904
Tax year 2023
Assessed value
$28,000,000
Assessed 2024
Previous assessed
$28,000,000
+0.0% YoY
Effective rate
3.08%
On assessed value
Total market value
$28,000,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1981
Heating
FORCED AIR
Cooling
CENTRAL
Total area
197,108 SF
Lot
2.08 ac (90,605 SF)
Zoning code
SC
APN
58-00-06208-10-6
UPID
US73-0296530
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SC · King Of Prussia, PA
Zoning SC · permitted uses
SC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$25.7M
OFFICE BUILDING
Est. value
$37.5M
MEDICAL BUILDING
Est. value
$31.1M
WAREHOUSE, STORAGE
Est. value
$30.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.4M
RESTAURANT
Est. value
$27.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1981
Heating
FORCED AIR
Cooling
Yes
Lot
2.08 ac
Current owner
From public records · entity-resolved
Lbc2 Reo LLC
Entity
Mailing address
PO BOX 6120, INDIANAPOLIS, IN 46206-6120
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Lbc2 Reo LLC
Ps Court Associates LP
Special Warranty Deed
—
Jun 1, 2016
—
Ps Court Associates LP
—
Deed
related
$40,000,000 · Us Com'l Mtg Loan Portfolio
Apr 17, 2000
$23,400,000
P S Court Associates LP
Pavilion Holdings LLC
Grant Deed
—
Apr 17, 2000
—
Ps Court Associates LP
—
Deed Of Trust
related
$17,900,000 · Pavilion Holdings LLC
Feb 3, 1999
—
Pavilion Holdings
May Dept Stores Co
Quit Claim Deed
related
$14,000,000 · May Department Stores Co
Feb 3, 1999
$22,000,000
Pavilion Holdings LLC
May Dept Stores Co
Trustees Deed
related
—
—
—
Ps Court Associates LP
—
Deed Of Trust
related
$40,000,000 · Us Com'l Mtg Loan Portfolio
—
—
Pnc Bk NA
—
Deed Of Trust
related
—
—
—
Ps Court Associates LP
—
Deed Of Trust
related
$37,600 · Pnc Bank
—
—
Ps Court Associates
—
Deed Of Trust
related
$38,000,000 · Nationwide Life Insurance Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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