Renovated Manufacturing
New
For Sale
Contact for pricing
2021 Cabot Blvd W, Langhorne, PA 19047
Manufacturing facility leased to Tesla, Inc. with fixed annual increases and two renewal options.
Property Size48,817 SF
Price / SF$248.77
Days on Market7
Property Features for 2021 Cabot Blvd W
General Information
Standard status
Active
Size
48,817 SF
Property subtype
INDUSTRIAL
Building Details
Year Built
1982
Year Renovated
2026
Buildings
1
Building Size
48,817 SF
Tenancy
Single
Listing Agency:
Newmark
(949) 608-2066
Listed By:
Matt Berres · License #RELIC.#01977909
(949) 608-2066
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 6:33AM
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 Newmark
Investment Insights
Based on property information with market context.
Located at 2021 Cabot Blvd W in Langhorne, Pennsylvania, this manufacturing facility was originally built in 1982 and renovated in 2026. The property is occupied by Tesla, Inc., with Fortress Credit identified as the landlord.
The lease includes fixed 3% annual increases and two 5-year renewal options. These contractual terms provide a defined framework for continued occupancy and future lease administration at the industrial property.
The lease includes fixed 3% annual increases and two 5-year renewal options. These contractual terms provide a defined framework for continued occupancy and future lease administration at the industrial property.
Key Highlights
- Manufacturing facility at 2021 Cabot Blvd W, Langhorne, PA 19047
- Originally constructed in 1982 and renovated in 2026
- Tesla, Inc. is the identified tenant
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
$299,662
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
2.95%
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%
$5,993,240
$6.0M
Cap Rate 7%
$4,280,886
$4.3M
Cap Rate 9%
$3,329,578
$3.3M
Market Conditions
NOI Build-Up for 40,817 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
$465.3K $11.40/SF
− Vacancy
−$37.2K −$0.91/SF
EGI
$428.1K $10.49/SF
− OpEx
−$128.4K −$3.15/SF
NOI
$299.7K $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%
$5,993,240
Cap Rate 7%
$4,280,886
Cap Rate 9%
$3,329,578
Alternative Uses
Best Use
Industrial
$4.28M
$3.75M – $4.99M
NOI $299,662 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.38M
$10.83M – $14.44M
NOI $866,271 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
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?
Manufacturing property - Manufacturing facility leased to Tesla, Inc. with fixed annual increases and two renewal options.
Where is this manufacturing property located?
The property is located at 2021 Cabot Blvd W Langhorne, PA.
What is the asking price?
The asking price for this property is $10,154,000.
What are key features of this property?
This property features: Manufacturing facility at 2021 Cabot Blvd W, Langhorne, PA 19047; Originally constructed in 1982 and renovated in 2026; Tesla, Inc. is the identified tenant
