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    90 Bill Smith Blvd King Of Prussia, PA 19406-3068
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    Property profile & analytics

    90 Bill Smith Blvd, King Of Prussia, PA 19406-3068

    View on Map
    • Garden apartment buildings
    • 216,300 SF
    • 16.33 lot acres
    Off-Market
    Property ID
    US73-4379161
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $31,315,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 90 Bill Smith Blvd

    Year built
    1996
    Lot size
    16.33 lot acres
    Zone code
    LI
    Property type
    Garden apartment buildings
    APN
    58-00-12775-00-1
    APU
    580012775001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2018 — Montgomery Cnty Transportation Morgan Prop Abrams Run Owner L Grant Deed · related —
    Aug 8, 2018 — Morgan Prop Abrams Run Owner L — Grant Deed · related $36.9M · Prudential Multifamily Mtg
    Mar 2, 2012 — Morgan Props Abrams Run Owner Abrams Run Apartments Assocs Quit Claim Deed —
    — — Abrams Run Apartments Assoc — Deed Of Trust · related $14k · Lehman Capital Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $40,463,000
      Market price range: $14.5M - $40.5M
      AI Estimate
      $22,166,000
      Market price range: $6.57M - $22.2M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $31,205,000
      Current use
      OFFICE BUILDING
      $41,145,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $34,095,000
      Change: +9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $33,775,000
      Change: +8% Conversion: Difficult
      RESTAURANT
      $30,360,000
      Change: -3% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $28,195,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    King Of Prussia
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3768
    Latitude
    40.0852
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $384,344
    $0.00
    $0.00
    $12,471,392
    -
    $0.00
    $0.00
    $12,471,392

    Comparable in this City

    • Value Estimation
      $36,700,000
      253,500 SF

      140 Vly Grn Ln

      GARDEN APT, COURT APT (5+ UNITS)
      140 Vly Grn Ln, King Of Prussia, PA 19406-2295
      View Details
    • Value Estimation
      $26,285,000
      181,552 SF

      90 Monroe Blvd

      GARDEN APT, COURT APT (5+ UNITS)
      90 Monroe Blvd, King Of Prussia, PA 19406-4357
      View Details
    • Value Estimation
      $2,995,000
      22,694 SF

      1000 Monroe Blvd

      GARDEN APT, COURT APT (5+ UNITS)
      1000 Monroe Blvd, King Of Prussia, PA 19406
      View Details
    • Value Estimation by Request
      872,232 SF

      600 Gulph Ct

      GARDEN APT, COURT APT (5+ UNITS)
      600 Gulph Ct, King Of Prussia, PA 19406-3404
      View Details
    • Value Estimation
      $12,265,000
      124,972 SF

      206 Boro Line Rd

      GARDEN APT, COURT APT (5+ UNITS)
      206 Boro Line Rd, King Of Prussia, PA 19406-2190
      View Details
    • Value Estimation by Request
      493,690 SF

      555 Goddard Blvd

      HIGH-RISE APARTMENTS
      555 Goddard Blvd, King Of Prussia, PA 19406-1697
      View Details

    Similar Nearby for Sale

    • $1,900,000

      King of Prussia Development Site

      Mixed-use development site in King of Prussia submarket.
      657 South Gulph Rd, King of Prussia, PA 19406
      View Details
    • $630,000
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      Turn-Key Duplex in Upper Merion

      Fully occupied duplex with strong rental history and updated interiors.
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    • $173,000

      Land For Sale

      Land available in King Of Prussia, PA.
      501 W Dekalb Pike, King of Prussia, PA 19406
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      15,116 SF

      King of Prussia Opportunity

      Office, flex, life science, entertainment opportunity in King of Prussia.
      480 American Ave, King of Prussia, PA 19406
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      Pending

      Land Available For Sale

      4.60 acres of land available for sale.
      00 Renaissance Blvd, Norristown, PA 19406
      View Details
    • Contact for pricing

      Retail Space Near King of Prussia

      Retail spaces available near King of Prussia Mall.
      600 West Dekalb Pike, King of Prussia, PA 19406
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building For Lease

      Full office building available with renovated lobby and signage.
      2004 Renaissance Blvd, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      Industrial Space in King of Prussia

      14,560 SF industrial space on 5.19 acres for lease.
      3602 Horizon Dr, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      King of Prussia Mall Retail

      Premier retail destination with unmatched regional access and demographics.
      640 W Dekalb Pike, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      Office Suites Available For Lease

      Multiple office suites available for lease with existing conditions.
      2002 Renaissance Blvd, King of Prussia, PA 19406
      View Details
    • Contact for pricing
      4,625 SF

      Move-In Ready Office Suites Available

      Two office suites available for immediate move-in with flexible lease terms.
      2011 Renaissance Blvd, King of Prussia, PA 19406
      View Details
    • $26 SF/Yr
      5,745 SF

      Office Space For Lease

      Office space available for lease.
      120 South Warner Rd, King of Prussia, PA 19406
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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