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    Two-Story End-Unit Industrial Condo Title is generated by Realmo AI

    50 Hulmeville Ave #6, Penndel, PA 19047

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    For Sale
    $2,999,000

    Two-story end-unit industrial condominium with second-floor offices and meeting space, designed for flexible warehouse and light industrial use.

    Type:Commercial
    Property size:
    48,000 SF
    Price / SF:
    $62/SF
    Added:
    May 31, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 2:10 am

    Property Features for 50 Hulmeville Ave #6

    General Information

    Standard status
    Active
    Size
    48,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1916

    We can help!

    Listing Contact
    ANUSHERVON ODILOV

    Listing agent ANUSHERVON ODILOV License #RS378130

    Listing office KELLER WILLIAMS REAL ESTATE TRI-COUNTY

    Listing date May 31, 2026

    Source Corcoran

    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

    HighLights

    • Two‑story, end‑unit industrial condominium totaling 48,000 SF, with about 24,000 SF per floor
    • Second‑floor includes multiple offices and meeting areas for operational plus administrative space
    • Roof is only 2 years old and will transfer with a 1‑year warranty
    • Ongoing facade renovations underway to modernize the building exterior
    • Front parking area will be fully resurfaced post‑closing

    Overview

    This two-story end-unit industrial condominium totals approximately 48,000 square feet, with about 24,000 square feet on each floor. The configuration supports a blend of operational space and administrative needs, including multiple offices and meeting areas on the second floor. The property includes a newer roof, stated as being only two years old, with a one-year transferable warranty to be delivered with the condominium.

    The end-unit layout is intended to enhance accessibility and overall functionality. The exterior will be improved through ongoing façade renovations following closing, and the front parking area will be fully resurfaced post-closing.

    For owner-users and investors, this type of layout can fit businesses that want warehouse or distribution space alongside on-site office and meeting rooms within the same building. The property is being presented as suitable for warehouse, distribution, light industrial, or retail/showroom applications, with the existing second-floor office component supporting day-to-day management and client-facing activities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penndel
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.918436
    Latitude
    40.158311

    Nearby Similar for Sale

    • $2,999,000

      Two-Story End-Unit Industrial Condo

      Large, flexible industrial condominium with built-in second-floor office and meeting space, plus recently updated roof and exterior improvements.
      50 HULMEVILLE Avenue, PENNDEL, PA 19047
      View Details
    • $1,300,000
      3,654 SF

      Retail Space For Sale

      Retail space available for sale on Lincoln Hwy.
      121 W Lincoln Hwy, Penndel, PA 19047
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-story end-unit industrial condominium with second-floor offices and meeting space, designed for flexible warehouse and light industrial use.
    Where is this flex space located?
    The property is located at 50 Hulmeville Ave #6 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, with about 24,000 SF per floor; Second‑floor includes multiple offices and meeting areas for operational plus administrative space; Roof is only 2 years old and will transfer with a 1‑year warranty
    (215) 464-8800
    We can help!
    Listing Contact
    ANUSHERVON ODILOV
    Real Estate License ID: RS378130
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    50 Hulmeville Ave #6, PENNDEL, PA 19047
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