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Property profile & analytics
OFF-MARKET
Estimated value
$47,900,000
High-rise multifamily apartments
649 Henderson Rd King Of Prussia, PA 19406-3529
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US73-0305529
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1969
Total area
333,974 SF
Lot
18.56 ac (808,474 SF)
Zoning code
HR
APN
58-00-17062-00-7
UPID
US73-0305529
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
-
Gulph Mills Village Apartments Apartment Building Apartment Complex
-
JuneBug Sweet Treats Department Store
-
Top Priority Mobile Detailing Car Wash
-
Capture the Atlas Travel Agency Tour Operator
-
Trivenite Software (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$62.48M
Blend (final)
Blend
$47.90M
Owner & transaction history
Gulph Mills Village Apartments · 17 yrs held
Gulph Mills Village Apartments
since 2008
2 recorded transactions
Zoning & alternative use
HR · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$63.5M
+31.9%
Medical building
$52.6M
+9.3%
Warehouse, storage
$52.1M
+8.2%
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
APARTMENT HOUSE (5+ UNITS)
$48,180,000
Current use
OFFICE BUILDING
$63,530,000
Change: +32% · Conversion: Moderate
MEDICAL BUILDING
$52,640,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$52,145,000
Change: +8% · Conversion: Difficult
RESTAURANT
$46,875,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$43,530,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$47.90M
Range $43.11M – $52.69M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$552,167
Tax year 2023
Assessed value
$17,917,000
Assessed 2024
Previous assessed
$17,917,000
+0.0% YoY
Effective rate
3.08%
On assessed value
Total market value
$17,917,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1969
Heating
ELECTRIC
Cooling
NONE
Units
82
Total area
333,974 SF
Lot
18.56 ac (808,474 SF)
Zoning code
HR
APN
58-00-17062-00-7
UPID
US73-0305529
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HR · King Of Prussia, PA
Zoning HR · permitted uses
HR · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$48.2M
OFFICE BUILDING
Est. value
$63.5M
MEDICAL BUILDING
Est. value
$52.6M
WAREHOUSE, STORAGE
Est. value
$52.1M
RESTAURANT
Est. value
$46.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Heating
ELECTRIC
Cooling
Yes
Units
82
Lot
18.56 ac
Current owner
From public records · entity-resolved
Gulph Mills Village Apartments
Individual
Mailing address
550 AMERICAN AVE STE #1, KING OF PRUSSIA, PA 19406-1441
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2018
—
Gulph Mills Vlg Apts LP
—
Grant Deed
related
$25,000,000 · Capital One Multifamily Fin
Dec 19, 2008
$24,625,000
Gulph Mills Village Apartments
Weissenberger,guntram
Grant Deed
—
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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