Industrial Condominium with Marquee
50 Hulmeville Ave Unit 5 Penndel, PA 19047
New
50 Hulmeville Ave Unit 5, Penndel, PA, 19047
$1,250,000
For Sale
$1,250,000
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 Market2
Property Features for 50 Hulmeville Ave Unit 5
General Information
- Standard status
- Active
- Size
- 14,000 SF
Building Details
- Year Built
- 1916
Listing agency
Keller Williams Real Estate Tri-County
(267) 784-9975
Listed by
Anushervon Odilov · License #RS378130
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 4:37AM Checked: Jul 22 at 4:37AM
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
Local 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 | $159.6k | $11.40 |
| − Vacancy | −$12.8k | −$0.91 |
| EGI | $146.8k | $10.49 |
| − OpEx | −$44.0k | −$3.15 |
| NOI | $102.8k | $7.34 |
14,000 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
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
