Corner Residential Income
For Sale
$325,000
11000 CENTENNIAL STATION, Warminster, PA 18974
A step-free patio entrance, formal dining room, and access to extensive shared recreation facilities distinguish this 55+ condo.
Property Size1,651 SF
Price / SF$196.85
Days on Market20
Property Features for 11000 CENTENNIAL STATION
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,443
Building Details
Building Size
1,651 SF
Year Built
2001
Listing Agency:
Faber Realty Inc
Listed By:
Frank Faber · License #RM419180
(215) 672-2626
Source:
Desantis-realestate
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 4:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faber Realty Inc
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Investment Insights
Based on property information with market context.
This 1,651-square-foot corner condo is part of a 55+ community and includes a private, step-free entrance from the patio or parking area. The layout has a formal dining room and 11 windows. Interior features include hard-surface flooring, granite kitchen counters and bathroom vanities, a ceramic backsplash, tray ceilings, and ceiling fans. The HVAC system, water heater, and refrigerator are described as newer. The building dates to 2001 and is constructed of concrete and cinderblock, with sprinklers in units and common areas.
Across from the building, the activity center offers an indoor pool, fitness room, ballroom, game room, card room, and library. Community services also include a restaurant, dental office, beauty salon, wealth manager, and a professional center with a real estate office. Condo charges cover water, sewer, trash, snow removal, cable TV, security system monitoring, and master insurance, along with access to listed amenities. Dogs are not permitted except for service or ESA animals.
Across from the building, the activity center offers an indoor pool, fitness room, ballroom, game room, card room, and library. Community services also include a restaurant, dental office, beauty salon, wealth manager, and a professional center with a real estate office. Condo charges cover water, sewer, trash, snow removal, cable TV, security system monitoring, and master insurance, along with access to listed amenities. Dogs are not permitted except for service or ESA animals.
Key Highlights
- 1,651‑square‑foot corner condo in a 55+ community
- Private patio or parking‑area entrance with no steps
- Formal dining room and 11 windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,442
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,840
$408.8K
Cap Rate 7%
$292,029
$292.0K
Cap Rate 9%
$227,133
$227.1K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$38.4K $23.28/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$37.2K $22.51/SF
− OpEx
−$16.7K −$10.13/SF
NOI
$20.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,840
Cap Rate 7%
$292,029
Cap Rate 9%
$227,133
Alternative Uses
Best Use
Apartment 5plus
$292.0K
$255.5K – $340.7K
NOI $20,442 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.6K
$438.0K – $584.0K
NOI $35,040 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
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Demographics for 18974, PA
42,507
Population
17,970
Households
2.4
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
2,158
Density / Sq Mi
$99,724
Median Household Income
$57,726
Median Earnings
$1,634
Median Rent
$407,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A step-free patio entrance, formal dining room, and access to extensive shared recreation facilities distinguish this 55+ condo.
Where is this residential income property located?
The property is located at 11000 CENTENNIAL STATION Warminster, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,651‑square‑foot corner condo in a 55+ community; Private patio or parking‑area entrance with no steps; Formal dining room and 11 windows
