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Property profile & analytics
OFF-MARKET
Estimated value
$13,800,000
Industrial properties
1350 Welsh Rd 1 North Wales, PA 19454-1923
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-4331889
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1974
Total area
132,360 SF
Lot
3.05 ac (132,858 SF)
Zoning code
LI
APN
46-00-04243-01-3
UPID
US73-4331889
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
-
Surplus Warehouse Used Store Fixture Supplier Material Handling Equipment Supplier
-
Lakeside High School Vocational School
-
CREATING PRESENCE Association / Organization
-
Lakeside Educational Network High School
-
Lakeside Global Institute Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.79M
Blend (final)
Blend
$13.80M
Owner & transaction history
Exeter 1350 Welsh 2021 LP · 4 yrs held
Exeter 1350 Welsh 2021 LP
since 2021
6 recorded transactions
Zoning & alternative use
LI · North Wales, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
velopment District (TOD) § 208-41 Purpose and applicability. § 208-42 Permitted uses. § 208-43 Dimensional requirements for development. § 208-44 Development design standards. § 208-45 Design review criteria. Article XI LI Limited Industrial District § 208-46 Intent. § 208-47 Permitted uses. § 208-48 Environmental regulations. § 208-49 Power facilities. § 20…
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
10.84 ac
Top alternative use upside
Office building
$21.7M
+46.3%
Medical building
$20.9M
+41.0%
Restaurant
$18.6M
+25.5%
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 North Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Wales 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
INDUSTRIAL (GENERAL)
$14,800,000
Current use
OFFICE BUILDING
$21,655,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$20,865,000
Change: +41% · Conversion: Difficult
RESTAURANT
$18,580,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,395,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,250,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$13.80M
Range $12.42M – $15.18M · ±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
$104 / 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
$179,030
Tax year 2023
Assessed value
$4,799,150
Assessed 2024
Previous assessed
$4,799,150
+0.0% YoY
Effective rate
3.73%
On assessed value
Total market value
$4,799,150
Applied tax rate
46.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Total area
132,360 SF
Lot
3.05 ac (132,858 SF)
Zoning code
LI
APN
46-00-04243-01-3
UPID
US73-4331889
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · North Wales, PAZoning LI · permitted uses
LI · North Wales, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
velopment District (TOD) § 208-41 Purpose and applicability. § 208-42 Permitted uses. § 208-43 Dimensional requirements for development. § 208-44 Development design standards. § 208-45 Design review criteria. Article XI LI Limited Industrial District § 208-46 Intent. § 208-47 Permitted uses. § 208-48 Environmental regulations. § 208-49 Power facilities. § 208-50 Dimensional requirements. § 208-51 Additional requirements for conditional us
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
10.84 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$14.8M
OFFICE BUILDING
Est. value
$21.7M
MEDICAL BUILDING
Est. value
$20.9M
RESTAURANT
Est. value
$18.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
Lot
3.05 ac
Current owner
From public records · entity-resolved
Exeter 1350 Welsh 2021 LP
Entity
Mailing address
100 W MATSONFORD RD #250, RADNOR, PA 19087-4558
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
Exeter 1350 Welsh 2021 LP
—
Deed
related
—
Jan 14, 2022
—
Exeter 1350 Welsh 2021 LP
—
Deed
related
$8,123,208 · Metlife Real Estate Lending
Oct 7, 2021
—
Exeter 1350 Welsh 2021 LP
1350 Welsh Partners LLC
Deed
—
Apr 28, 2021
—
1350 Welsh Partners LLC
—
Deed
related
$575,000 · Lakeland Bank
Dec 8, 2016
$8,500,000
1350 Welsh Partners LLC
Montgomeryville Real Estate Associa
Special Warranty Deed
—
Aug 2, 2016
—
Montgomeryville Real Estate Associa
—
Deed
related
$1,018,579 · Td Bank NA
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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