One-Bedroom Residential Income
For Sale
$265,000
11303 CENTENNIAL STATION, Warminster, PA 18974
An eat-in kitchen, office alcove, balcony and stall shower add useful features to the unit’s layout.
Property Size951 SF
Price / SF$278.65
Days on Market44
Property Features for 11303 CENTENNIAL STATION
General Information
Standard status
Active
Size
951 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Sprinkler System
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,624
Amenities
balcony
indoor pool
exercise room
ball room
professional center
24-hour security system
Building Details
Building Size
951 SF
Year Built
2001
Construction
concrete/cinderblock
Listing Agency:
Faber Realty Inc
Listed By:
Frank Faber · License #RM419180
(215) 672-2626
Source:
Desantis-realestate
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 27 at 4:29AM
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 951-square-foot, one-bedroom condo is located in Building 11, built in 2001. The unit has an eat-in kitchen, an office alcove and a balcony, along with a stall shower. Ceramic tile finishes the kitchen, while laminate flooring extends throughout the rest of the residence. Building construction is concrete and cinderblock, with sprinklers in the units and common areas.
The condo charge covers water, sewer, trash removal, snow service and cable TV, as well as the master insurance policy. Shared amenities include an indoor pool, exercise room and ballroom. A professional center on the property includes a restaurant, dentist, real estate office with notary services, beauty salon and wealth manager. A 24-hour security system is monitored.
The condo charge covers water, sewer, trash removal, snow service and cable TV, as well as the master insurance policy. Shared amenities include an indoor pool, exercise room and ballroom. A professional center on the property includes a restaurant, dentist, real estate office with notary services, beauty salon and wealth manager. A 24-hour security system is monitored.
Key Highlights
- 951‑square‑foot, one‑bedroom condo with balcony and office alcove
- Building 11 was built in 2001 and has concrete and cinderblock construction
- Sprinklers serve units and common areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,775
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,500
$235.5K
Cap Rate 7%
$168,214
$168.2K
Cap Rate 9%
$130,833
$130.8K
Market Conditions
NOI Build-Up for 951 SF
Gross rent
$22.1K $23.28/SF
− Vacancy
−$731 −$0.77/SF
EGI
$21.4K $22.51/SF
− OpEx
−$9.6K −$10.13/SF
NOI
$11.8K $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%
$235,500
Cap Rate 7%
$168,214
Cap Rate 9%
$130,833
Alternative Uses
Best Use
Apartment 5plus
$168.2K
$147.2K – $196.3K
NOI $11,775 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.3K
$252.3K – $336.4K
NOI $20,183 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
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 - An eat-in kitchen, office alcove, balcony and stall shower add useful features to the unit’s layout.
Where is this residential income property located?
The property is located at 11303 CENTENNIAL STATION Warminster, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 951‑square‑foot, one‑bedroom condo with balcony and office alcove; Building 11 was built in 2001 and has concrete and cinderblock construction; Sprinklers serve units and common areas
