Industrial Condominium with Marquee
For Sale
$1,250,000
50 Hulmeville Ave Unit 5, Penndel, PA 19047
Industrial condominium unit with certified roof and ongoing facade improvements, plus marquee signage and ample on-site parking.
Property Size14,000 SF
Price / SF$89.29
Days on Market45
Property Features for 50 Hulmeville Ave Unit 5
General Information
Standard status
Active
Size
14,000 SF
Additional Details
Road Access
Yes
Amenities
marquee signage
ample on-site parking
Building Details
Year Built
1916
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Anushervon Odilov · License #RS378130
(267) 784-9975
Source:
Kandorre
Added: Jul 21
Changed: Aug 19
Last Checked: Sep 1 at 10:00PM
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 Keller Williams Real Estate Tri-County
Investment Insights
Based on property information with market context.
This industrial condominium unit offers approximately 14,000 square feet of flexible space suitable for industrial, warehouse, or distribution uses. The property will be delivered with a certified roof and a one-year transferable warranty. Ongoing facade improvements are in progress, and the front parking area is planned to be resurfaced post-closing.
The unit also benefits from marquee signage along Hulmeville Road for business exposure, supported by ample on-site parking designed to accommodate day-to-day operations.
As an ownership option, this condominium is positioned for buyers seeking an industrial asset with value-add exterior updates underway and warranty coverage tied to the roof.
The unit also benefits from marquee signage along Hulmeville Road for business exposure, supported by ample on-site parking designed to accommodate day-to-day operations.
As an ownership option, this condominium is positioned for buyers seeking an industrial asset with value-add exterior updates underway and warranty coverage tied to the roof.
Key Highlights
- 14,000 SF industrial condominium unit within a Lower Bucks County industrial corridor
- Certified roof to be delivered with a 1‑year transferable warranty
- Ongoing façade improvements underway at the building
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
$102,782
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
8.22%
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%
$2,055,640
$2.1M
Cap Rate 7%
$1,468,314
$1.5M
Cap Rate 9%
$1,142,022
$1.1M
Market Conditions
NOI Build-Up for 14,000 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
$159.6K $11.40/SF
− Vacancy
−$12.8K −$0.91/SF
EGI
$146.8K $10.49/SF
− OpEx
−$44.0K −$3.15/SF
NOI
$102.8K $7.34/SF
Area
Bucks County, PA
Vacancy
8.00%
Lease Rate
$11.40 /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%
$2,055,640
Cap Rate 7%
$1,468,314
Cap Rate 9%
$1,142,022
Alternative Uses
Best Use
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,200 @ 7.0% cap · market cap 11.46%
Second Best
Industrial
$1.47M
$1.28M – $1.71M
NOI $102,782 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $297,126 @ 7.0% cap · market cap 23.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condominium unit with certified roof and ongoing facade improvements, plus marquee signage and ample on-site parking.
Where is this warehouse located?
The property is located at 50 Hulmeville Ave Unit 5 Penndel, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 14,000 SF industrial condominium unit within a Lower Bucks County industrial corridor; Certified roof to be delivered with a 1‑year transferable warranty; Ongoing façade improvements underway at the building
