Two-Story End-Unit Industrial
50 HULMEVILLE Avenue Penndel, PA 19047
50 HULMEVILLE Avenue, Penndel, PA, 19047
$2,999,000
For Sale
$2,999,000
Commercial Sale - PENNDEL, PA
Property Size48,000 SF
Lot Size6.15 Acres
Price / SF$62.48
Days on Market48
Property Features for 50 HULMEVILLE Avenue
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 115
- Parking features
- Parking Lot
- Standard status
- Active
- Lot size
- 6.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 44039
Building Details
- Year built
- 1916
Listing Agency
Keller Williams Real Estate Tri-County
(215) 464-8800
1917 Welsh Road, Philadelphia, PA
Listed by
Anushervon Odilov · License #RS378130
(267) 784-9975
Added: Jun 1 Checked: Jul 18 at 5:06 am
MLS# PABU2122788
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 two-story, end-unit industrial condominium offers approximately 48,000 square feet total, with about 24,000 square feet on each floor. The configuration supports a range of operational uses, including warehouse, distribution, light industrial, and retail/showroom applications. The second floor includes multiple offices and meeting areas, creating a practical environment for businesses that need both workflow and administration under one roof. The building also benefits from a roof that is only two years old, with delivery including a one-year transferable warranty.
The property is positioned in a prime Lower Bucks County location, and the end-unit arrangement enhances accessibility and overall functionality. Additional capital items are in progress, including ongoing façade renovations intended to modernize the building’s exterior and improve curb appeal. After closing, the front parking area will be fully resurfaced, and ample on-site parking supports day-to-day operations for employees, customers, and deliveries.
Designed for owner-users and investors alike, this asset provides the scale and flexibility of an industrial condominium along with office infrastructure on the upper level. The blend of warehouse-ready footprint and second-floor administrative space can help streamline operations for teams that want to manage receiving, distribution, and customer-facing functions in the same facility while ongoing exterior improvements support long-term property presentation.
The property is positioned in a prime Lower Bucks County location, and the end-unit arrangement enhances accessibility and overall functionality. Additional capital items are in progress, including ongoing façade renovations intended to modernize the building’s exterior and improve curb appeal. After closing, the front parking area will be fully resurfaced, and ample on-site parking supports day-to-day operations for employees, customers, and deliveries.
Designed for owner-users and investors alike, this asset provides the scale and flexibility of an industrial condominium along with office infrastructure on the upper level. The blend of warehouse-ready footprint and second-floor administrative space can help streamline operations for teams that want to manage receiving, distribution, and customer-facing functions in the same facility while ongoing exterior improvements support long-term property presentation.
Key Highlights
- Two‑story, end‑unit industrial condominium totaling +/-48,000 SF (+/-24,000 SF per floor)
- Second floor includes offices and meeting areas for combined operations and administrative space
- Roof is only 2 years old and includes a 1‑year transferable warranty
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $403.2k | $8.40 |
| − Vacancy | −$24.2k | −$0.50 |
| EGI | $379.0k | $7.90 |
| − OpEx | −$132.7k | −$2.76 |
| NOI | $246.4k | $5.13 |
48,000 SF · lease $8.40/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$10.78M
$9.43M – $12.58M
NOI $754,639 @ 7.0% cap · market cap 25.16%
Second Best
Warehouse
$7.01M
$6.14M – $8.18M
NOI $490,971 @ 7.0% cap · market cap 16.37%
Theoretical Best
Office A
$14.55M
$12.73M – $16.98M
NOI $1,018,718 @ 7.0% cap · market cap 33.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Large, flexible industrial condominium with built-in second-floor office and meeting space, plus recently updated roof and exterior improvements.
Where is this flex space located?
The property is located at 50 HULMEVILLE Avenue Penndel, PA.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Two‑story, end‑unit industrial condominium totaling +/-48,000 SF (+/-24,000 SF per floor); Second floor includes offices and meeting areas for combined operations and administrative space; Roof is only 2 years old and includes a 1‑year transferable warranty
