Property profile

1120 Welsh Rd North Wales, PA 19454

OFF-MARKET
Other office properties
Property ID
US73-5525691
37,200 SF 0.85 ac lot Built 1998
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Gwynedd Corporate Center is a 13-acre office park located on Route 63 (Welsh Road) at North Wales Road, near the center of Lansdale and approximately 1 mile from Route 202, with the Lansdale interchange of the Pennsylvania Turnpike about 4 miles away. The park is situated at a signalized intersection and is surrounded by retail and service uses, restaurants, lodging options, recreational opportunities, and expanding residential communities. Building and site features include 24-hour key card access, efficient HVAC systems, and fire alarm with smoke detection panels, with communications services available via Comcast Cable and Verizon Fios.

Property profile

Verified
Property type Other office properties
Use group CONDOMINIUM OFFICES
Year built 1998
Total area 37,200 SF
Lot 0.85 ac (37,000 SF)
Zoning code OC
APN 56-00-09307-00-6
UPID US73-5525691

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician
  • Physician
  • Physician Medical Clinic

Location

1120 Welsh Rd North Wales, PA 19454-3794
North Wales metro Census 201003 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k

Owner & transaction history

since 2024
Last sale
$825,000
7 recorded transactions
2024
Price N/A
2022
Price N/A
2018
Price N/A
2018
$5.5M
2016
$243,600
2016
$641,000
2014
Price N/A

Zoning & alternative use

OC · North Wales, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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