Mixed-Use Property with
For Sale
$439,999
115 HULMEVILLE Avenue, Penndel, PA 19047
Multi-Family, PENNDEL, PA
Property Size1,245 SF
Lot Size0.42 Acres
Price / SF$353.41
Days on Market95
Property Features for 115 HULMEVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
10
Parking features
Parking Lot
Elementary school district
NESHAMINY
Middle school district
NESHAMINY
High school district
NESHAMINY
Standard status
Active
Size
1,245 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
3232
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s), Wall Unit(s)
Amenities
dedicated laundry area
Building Details
Year built
1940
Number of units
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Real Estate Tri-County · Keller Williams Realty
(215) 464-8800
Listed By:
Giovanni Carpino · License #RS296840
(267) 238-7156
Added: Jun 12
Changed: Sep 13
Last Checked: Sep 14 at 5:06AM
MLS# PABU2123928
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,245-square-foot mixed-use property combines commercial and residential occupancy within a frame building constructed in 1940. The first floor contains salon space under a lease with approximately one year remaining. Upstairs, the one-bedroom unit includes a separate living room, kitchen, full bathroom, and dedicated laundry area, with month-to-month occupancy. Each unit has its own electric service, while gas and water are shared. Heating includes hot water and baseboard systems; cooling is provided by window and wall units.
The property occupies approximately 0.42 acres at 115 Hulmeville Avenue in Penndel Borough, with a corner setting and on-site parking. RC (Retail Commercial) zoning applies. The site is minutes from Penndel Train Station and provides access to Route 1, I-295, and the Pennsylvania Turnpike. Zoning uses, subdivision, and development possibilities require verification with Penndel Borough.
The property occupies approximately 0.42 acres at 115 Hulmeville Avenue in Penndel Borough, with a corner setting and on-site parking. RC (Retail Commercial) zoning applies. The site is minutes from Penndel Train Station and provides access to Route 1, I-295, and the Pennsylvania Turnpike. Zoning uses, subdivision, and development possibilities require verification with Penndel Borough.
Key Highlights
- Approximately 0.42 acres at 115 Hulmeville Avenue, Penndel, PA 19047
- 1,245 square feet in a frame building constructed in 1940
- RC (Retail Commercial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,320
$361.3K
Cap Rate 7%
$258,086
$258.1K
Cap Rate 9%
$200,733
$200.7K
Market Conditions
NOI Build-Up for 1,245 SF
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.
Gross rent
$27.3K $21.96/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$25.8K $20.73/SF
− OpEx
−$7.7K −$6.22/SF
NOI
$18.1K $14.51/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,320
Cap Rate 7%
$258,086
Cap Rate 9%
$200,733
Alternative Uses
Best Use
Retail
$258.1K
$225.8K – $301.1K
NOI $18,066 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,415 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$377.5K
$330.3K – $440.4K
NOI $26,423 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 30%
Home Improvements & Furnishings 3%
Dunkin' Donuts
Dining
7,648 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,424 visits/mo
0.4 miles
Sunoco
Shops & Services
4,922 visits/mo
0.3 miles
AutoZone
Shops & Services
3,657 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,084 visits/mo
0.1 miles
Demographics for 19047, PA
35,452
Population
13,150
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,061
Density / Sq Mi
$110,395
Median Household Income
$55,992
Median Earnings
$1,770
Median Rent
$441,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with leased salon space, a one-bedroom residence, and separate electric service for each unit.
Where is this mixed-use property located?
The property is located at 115 HULMEVILLE Avenue Penndel, PA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: Approximately 0.42 acres at 115 Hulmeville Avenue, Penndel, PA 19047; 1,245 square feet in a frame building constructed in 1940; RC (Retail Commercial) zoning
