Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1916 Welsh Rd Philadelphia, PA 19115
    Back to Search
    Property profile & analytics

    1916 Welsh Rd Philadelphia, PA 19115

    View on Map
    • Strip malls
    • 15,950 SF
    • 1.14 lot acres
    For Sale
    $3,700,000
    View Listing →
    Bustleton Welsh Shopping Center For Sale
    $3,700,000
    27,020 SF

    Bustleton Welsh Shopping Center

    Value-add opportunity in densely populated Philadelphia area.

    1916 Welsh Rd, Philadelphia, PA
    View Listing
    Property ID
    US73-2371387
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bustleton Welsh Shopping Center / Shopping Center & Mall
    • Colleen Kendrick / Dental Office
    • De Stefano's Hairstyling / Hair Salon
    • Chef Crab House / Restaurant
    • Dr. Michael Mcdermott / Physician

    Property Details for 1916 Welsh Rd

    Year built
    1984
    Lot size
    1.14 lot acres
    Property size
    15,950 SF
    Zone code
    CA1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    88-2-3968-00
    APU
    882396800

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,850,000
      6.5%
      $3,555,000
      7%
      $3,300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,959,000
      Market price range: $1.49M - $4.76M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,960,000
      Current use
      RESTAURANT
      $4,940,000
      Change: +67% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,435,000
      Change: +50% Conversion: Difficult
      OFFICE BUILDING
      $4,060,000
      Change: +37% Conversion: Moderate
      MEDICAL BUILDING
      $3,915,000
      Change: +32% Conversion: Difficult
      RETAIL STORES
      $2,735,000
      Change: -8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,515,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.038
    Latitude
    40.0813
    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
    $31,067
    $443,889
    $1,775,511
    $2,219,400
    -
    $443,889
    $1,775,511
    $2,219,400

    Comparable in this City

    • Value Estimation
      $1,820,000
      15,960 SF

      1900 Grant Ave

      SHOPPING CENTER, STRIP CENTER • 15,960 SF
      1900 Grant Ave, Philadelphia, PA 19115-4370
      View Details
    • Value Estimation
      $2,220,000
      19,335 SF

      8911 Krewstown Rd, Unit 31

      SHOPPING CENTER, STRIP CENTER • 19,335 SF
      8911 Krewstown Rd, Philadelphia, PA 19115-4516
      View Details
    • Value Estimation
      $2,510,000
      21,859 SF

      725 Red Lion Rd

      SHOPPING CENTER, STRIP CENTER • 21,859 SF
      725 Red Lion Rd, Philadelphia, PA 19115-1321
      View Details
    • Value Estimation
      $3,605,000
      31,600 SF

      9806 Bustleton Ave

      SHOPPING CENTER, STRIP CENTER • 31,600 SF
      9806 Bustleton Ave, Philadelphia, PA 19115-2146
      View Details
    • Value Estimation by Request
      9,801 SF

      9898 Roosevelt Blvd, Unit B

      SHOPPING CENTER, STRIP CENTER • 9,801 SF
      9898 Roosevelt Blvd, Philadelphia, PA 19115-1730
      View Details
    • Value Estimation
      $1,025,000
      13,140 SF

      9551 Bustleton Ave

      SHOPPING CENTER, STRIP CENTER • 13,140 SF
      9551 Bustleton Ave, Philadelphia, PA 19115-3800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,020 SF

      Bustleton Welsh Shopping Center

      Value-add opportunity in densely populated Philadelphia area.
      1916 Welsh Rd, Philadelphia, PA 19115
      View Details
    • Contact for pricing

      Retail Space on Bustleton Avenue

      Retail space for sale in Northeast Philadelphia near Einstein Medical.
      9808 Bustleton Ave, Philadelphia, PA 19115
      View Details
    • Contact for pricing

      Retail Space on Roosevelt Boulevard

      Retail spaces available with high traffic and visibility.
      Welsh Rd & Roosevelt Blvd, Philadelphia, PA 19115
      View Details
    • Contact for pricing

      Retail Space Available For Sale

      Retail property with dedicated entrance and shared parking.
      9880 Roosevelt Blvd, Philadelphia, PA 19115
      View Details
    • $699,900

      High-Visibility Commercial Property For Sale

      Two-story commercial property with high visibility and multiple entrances.
      9353 Old Bustleton Ave, Philadelphia, PA 19115
      View Details
    • $799,900

      High-Traffic Corner Commercial Building

      Multi-tenant commercial building in high-traffic area, ideal for investors.
      1825 Grant Ave, Philadelphia, PA 19115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,775 SF

      Retail Space in Red Lion

      Retail space available in a busy Philadelphia shopping center.
      9898 Roosevelt Blvd, Philadelphia, PA 19115
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space on Roosevelt Boulevard

      Available retail space with high visibility and ample parking.
      9701 Roosevelt Blvd, Philadelphia, PA 19115
      View Details
    • $699,900

      High-Visibility Commercial Property For Rent

      Two-story commercial property with frontage and sign exposure.
      9353 Old Bustleton Ave, Philadelphia, PA 19115
      View Details
    • Contact for pricing

      Bustleton Avenue Office Space

      6,200 SF office space available for rent.
      9808 Bustleton Ave, Philadelphia, PA 19115
      View Details
    • Contact for pricing

      14.87 Acres Commercial Land Available

      14.87 acres available for lease in Philadelphia, PA.
      10169-75 Red Lion Rd, Philadelphia, PA 19115
      View Details
    • Contact for pricing
      11,533 SF

      Medical Office Space Sublease

      11,533 SF medical office space available for sublease.
      9910 East Roosevelt Blvd, Philadelphia, PA 19115
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1916 Welsh Rd
    Philadelphia, PA 19115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1916 Welsh Rd, Philadelphia, PA, 19115
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!