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Property profile & analytics
FOR LEASE
Warehouses
741 3Rd Ave, King of Prussia, PA 19406
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0335940
For Lease
$5,305,000
741 3Rd Ave, King of Prussia, PA 19406
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
50,000 SF
Lot
3.71 ac (161,608 SF)
Zoning code
SM
APN
58-00-18931-00-1
UPID
US73-0335940
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
-
PromptCare - King of Prussia Home Health Care Service
-
Brandywine Realty Trust Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.31M
Owner & transaction history
Bci IV King Of Prussia Indl Ctr · 7 yrs held
Bci IV King Of Prussia Indl Ctr
since 2019
7 recorded transactions
Zoning & alternative use
SM · King Of Prussia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.9M
+1.0%
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
WAREHOUSE, STORAGE
$7,805,000
Current use
MEDICAL BUILDING
$7,880,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,215,000
Change: -8% · Conversion: Difficult
RESTAURANT
$7,020,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,515,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$5.31M
Range $4.77M – $5.84M · ±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
$106 / 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
$54,686
Tax year 2023
Assessed value
$1,774,500
Assessed 2024
Previous assessed
$1,774,500
+0.0% YoY
Effective rate
3.08%
On assessed value
Total market value
$1,774,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
50,000 SF
Lot
3.71 ac (161,608 SF)
Zoning code
SM
APN
58-00-18931-00-1
UPID
US73-0335940
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SM · King Of Prussia, PA
Zoning SM · permitted uses
SM · 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
WAREHOUSE, STORAGE Current
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.2M
RESTAURANT
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.71 ac
Current owner
From public records · entity-resolved
Bci IV King Of Prussia Indl Ctr
Individual
Mailing address
3520 PIEDMONT RD NE STE #410, ATLANTA, GA 30305-1512
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Aug 1, 2022
—
Bci IV King Of Prussia Industrial C
—
Deed
related
$367,830,000 · Jpmorgan Chase Bank NA
Jun 25, 2019
$31,500,000
Bci IV King Of Prussia Indl Ctr
Kop Industrial LP
Grant Deed
—
Jun 14, 2018
—
Kop Industrial LP
—
Grant Deed
related
$2,580,000 · Inwood Nat'l Bk
Feb 13, 2017
$2,988,350
Kop Industrial LP
Cam 741 Third Avenue LLC
Special Warranty Deed
—
Feb 13, 2012
—
201 221 King Mnr Drive L Cam
—
Deed Of Trust
related
$11,480,000 · Jackson National Life Ins Co
Feb 7, 2012
$2,994,577
Cam 741 Third Avenue LLC
741 Third Avenue Indl Cap LLC
Grant Deed
—
May 31, 2007
—
741 Third Ave Indus Cap LLC
Ron Ragsdale
Deed
—
Aug 24, 1999
—
Brandywine Industrial Ptshp LP
—
Deed Of Trust
related
$38,583,862 · Prudential Insurance Co
Aug 24, 1999
$2,401,880
Brandywine Industrial Ptshp
Brandywine Operating Ptshp LP
Grant Deed
related
—
—
—
741 Third Avenue Indl Cap LLC
—
Deed Of Trust
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.
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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