End-Unit Industrial
50 Hulmeville Avenue Penndel, PA 19047
For Sale
Contact for pricing
Functional industrial condo with 18’ clear ceiling height and four drive-in overhead doors for efficient distribution and loading.
Property Size24,000 SF
Price / SF$108.33
Days on Market52
Property Features for 50 Hulmeville Avenue
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Property subtype
- Retail, Industrial, Special Purpose
Listing Agency:
KW Commercial Newtown
Listed By:
Ronald Isgate · License #AB069251
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 22 at 11:27AM
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 KW Commercial Newtown
Investment Insights
Based on property information with market context.
This end-unit industrial condominium offers a highly functional warehouse layout designed to support a range of industrial, warehousing, and distribution uses. The space includes 18’ clear ceiling heights and four (4) drive-in overhead doors, supporting practical loading and operational flow. Significant exterior capital improvements are underway, including a brand-new roof to be completed prior to closing and delivered fully warrantied, along with planned facade enhancements to modernize the appearance. A front parking lot resurfacing is also scheduled post-closing.
Located at 50 Hulmeville Road in Penndel, Pennsylvania, the property is positioned for visibility along Hulmeville Road, with marquee signage mentioned in the offering. The site provides ample on-site parking for staff and operations, supporting both day-to-day activity and customer or contractor access.
With its end-unit configuration, the building is presented as offering increased accessibility, natural light, and operational flexibility compared with interior units. The combination of ceiling height, multiple drive-in doors, and the planned roof, facade, and parking updates makes the condo well-suited for owner-users, investors, or expanding businesses looking to acquire an upgraded industrial asset in Lower Bucks County.
Located at 50 Hulmeville Road in Penndel, Pennsylvania, the property is positioned for visibility along Hulmeville Road, with marquee signage mentioned in the offering. The site provides ample on-site parking for staff and operations, supporting both day-to-day activity and customer or contractor access.
With its end-unit configuration, the building is presented as offering increased accessibility, natural light, and operational flexibility compared with interior units. The combination of ceiling height, multiple drive-in doors, and the planned roof, facade, and parking updates makes the condo well-suited for owner-users, investors, or expanding businesses looking to acquire an upgraded industrial asset in Lower Bucks County.
Key Highlights
- 24,000 SF end‑unit industrial condominium in Penndel, PA, on Hulmeville Road
- 18' clear ceiling heights for industrial/warehouse use and loading operations
- Four (4) drive‑in overhead doors for efficient distribution and access
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.6k | $11.40 |
| − Vacancy | −$21.9k | −$0.91 |
| EGI | $251.7k | $10.49 |
| − OpEx | −$75.5k | −$3.15 |
| NOI | $176.2k | $7.34 |
24,000 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,485 @ 7.0% cap · market cap 9.44%
Second Best
Industrial
$2.52M
$2.20M – $2.94M
NOI $176,198 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$7.28M
$6.37M – $8.49M
NOI $509,359 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
FAQs
What type of property is this?
Warehouse - Functional industrial condo with 18’ clear ceiling height and four drive-in overhead doors for efficient distribution and loading.
Where is this warehouse located?
The property is located at 50 Hulmeville Avenue Penndel, PA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 24,000 SF end‑unit industrial condominium in Penndel, PA, on Hulmeville Road; 18' clear ceiling heights for industrial/warehouse use and loading operations; Four (4) drive‑in overhead doors for efficient distribution and access
