Building Details

Year Built 1916

Listing Agency: Keller Williams Real Estate Tri-County

Listed By: Anushervon Odilov · License #RS378130 Show Phone

Source: Kandorre

Added: Jul 21 Changed: Oct 22 Last Checked: Oct 21 at 2:39AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$102,782

Cap Rate

8.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,640 $2.1M

Cap Rate 7%

$1,468,314 $1.5M

Cap Rate 9%

$1,142,022 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,000 SF

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 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 (±1% cap)

NOI $143,200 @ 7.0% cap · market cap 11.46%

Second Best

Industrial

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,782 @ 7.0% cap · market cap 8.22%

Theoretical Best

Office A

$4.24M

$3.71M – $4.95M (±1% cap)

NOI $297,126 @ 7.0% cap · market cap 23.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Retail Space For Sale

121 W Lincoln Hwy, Penndel, PA 19047

Contact for pricing

3,654 SF

View details

Showroom or Office Space

151a BELLEVUE AVENUE, Penndel, PA 19047

Contact for pricing

725 SF

View details

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