COMMERCIAL PM PENNSYLVANIA
667 Welsh Road
Property background, corrected financial examples, and resources to verify current details.
GREATER PHILADELPHIALOCAL PROPERTY KNOWLEDGE.
667 Welsh Road, Unit 2
Historical office condominium information. Ask a broker to confirm current availability and terms.
Listing status and property details
Historical listing details
The 2025 listing identifies an office property built in 1972, with approximately 3,700 square feet described in its marketing remarks. Measurements and condominium unit boundaries must be verified before purchase.
Historical price
The listing history records a reduction from $625,000 to $615,000 on March 8, 2025. These are historical asking prices, not a verified sale price or current offer.
Records to confirm
Obtain the correct unit parcel number, current tax bill, condominium documents, permitted uses, floor plan, occupancy details, and any existing leases. Building totals may differ from unit figures.
View historical MLS-syndicated listing and price history ↗
The earlier MLS reference, mixed-use classification, 1986 construction date, $725,000 price and $6,759 tax figure were removed because they were mismatched or could not be verified for this unit. No current tax amount or flood-zone designation is asserted here.
Financial analysis: illustrative calculations
These examples use an assumed 3,700 square feet and hypothetical annual net operating income (NOI) of $55,000. They are arithmetic examples, not a valuation, actual income statement, asking-price update, or forecast.
| Assumed purchase price | Price per assumed square foot | Cap rate at assumed $55,000 NOI |
|---|---|---|
| $725,000 | $195.95 | 7.59% |
| $615,000 | $166.22 | 8.94% |
| $550,000 | $148.65 | 10.00% |
Formulas: Price per square foot = purchase price ÷ floor area. Cap rate = annual NOI ÷ purchase price × 100.
NOI requires an expense budget
Estimate collected rent after vacancy and credit losses, then subtract operating expenses such as property taxes, insurance, association dues, maintenance, management, and owner-paid utilities. Mortgage payments are excluded from NOI. Gross rental income cannot be treated as NOI without documenting expenses.
Cash-on-cash return needs financing assumptions
Annual cash flow after debt service ÷ total cash invested × 100. Loan amount, rate, amortization, closing costs, renovations, and cash reserves must be specified. The previous unsupported cash-on-cash percentages have been removed.
Undated comparable transactions, guaranteed occupancy or appreciation claims, and the previous suggested offer price have been removed. A current valuation requires verified comparable sales and property-specific income and expenses.
Due diligence resources
- County assessment records
Search the exact address and unit; confirm parcel identity and assessment details. Obtain the current bill from the appropriate tax collector.
Montgomery County property records ↗ - Flood maps and insurance
Check the specific parcel and structure on the effective FEMA map. Request an insurance quote and lender review rather than relying on the former unverified Zone AE statement.
FEMA Flood Map Service Center ↗ - Condominium and use review
Review association budgets, dues, reserves, special assessments, bylaws, leasing rules, and responsibility for common systems. Confirm zoning and intended-use approvals with the municipality.
- Investment planning
Use verified property data to build your operating budget and financing model.
Investor resources · Investment evaluator · Property management
Request an updated property review
Contact Benny Hen for help checking availability, obtaining the correct records, or comparing other commercial properties. This contact does not imply that Benny is the listing agent for the historical listing.
Quinn & Wilson, Inc. REALTORS office: 215-885-7600