1916 Welsh Rd, Philadelphia, PA
Value-add opportunity in densely populated Philadelphia area.
- Added:
- Aug 13, 2025
- Days on Market:
- 306
- Last Refresh:
- May 20 at 9:40 pm
Property Features for 1916 Welsh Rd
General Information
- Standard status
- Active
- Size
- 27,020 SF
- Lot size
- 1.94 Acres
- Property subtype
- RETAIL
Listing agent Bart Delfiner License #RM050201A
Listing office Equity CRE (610) 645-7700
Listing date Aug 13, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Equity CRE
HighLights
- Strong Demographics: Average HHI of $99,178 within a 3‑mile radius.
- Densely Populated Area: Nearly 200,000 people living within a 3‑mile radius.
- Value‑Add Opportunity: Convert month‑to‑month gross leases to full net leases.
- Zoning: CA Auto‑Oriented Commercial allows for a range of uses including shopping centers.
- Month‑to‑month gross‑lease tenancy
- Destination‑oriented uses
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $486.4k | $18.00 |
| − Vacancy | −$50.1k | −$1.85 |
| EGI | $436.3k | $16.15 |
| − OpEx | −$130.9k | −$4.84 |
| NOI | $305.4k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.038
- Latitude
- 40.0813