Two-Story End-Unit Industrial
For Sale
$2,999,000
50 Hulmeville Ave Unit 6, Penndel, PA 19047
Two-story end-unit industrial condominium with second-floor office and meeting space and recent roof replacement.
Property Size48,000 SF
Price / SF$62.48
Days on Market96
Property Features for 50 Hulmeville Ave Unit 6
General Information
Standard status
Active
Size
48,000 SF
Building Details
Year Built
1916
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Anushervon Odilov · License #RS378130
(267) 784-9975
Source:
Kandorre
Added: Jul 20
Changed: Oct 17
Last Checked: Oct 21 at 12:09AM
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
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Investment Insights
Based on property information with market context.
This two-story, end-unit industrial condominium totals approximately 48,000 square feet, with about 24,000 square feet on each floor. The second floor includes multiple offices and meeting areas, supporting an operations-and-administration layout under one roof. The unit is positioned as a flexible option for warehouse, distribution, light industrial, or retail/showroom use.
The property is located at 50 Hulmeville Ave, Unit 6, in Penndel, Pennsylvania. It features a roof that is approximately two years old and will be delivered with a one-year transferable warranty. Ongoing façade renovations are planned to modernize the exterior, and the front parking area will be fully resurfaced after closing.
With its end-unit configuration and on-site parking, the property is well suited for owner-users or investors seeking a large industrial condominium that includes built-in office infrastructure.
The property is located at 50 Hulmeville Ave, Unit 6, in Penndel, Pennsylvania. It features a roof that is approximately two years old and will be delivered with a one-year transferable warranty. Ongoing façade renovations are planned to modernize the exterior, and the front parking area will be fully resurfaced after closing.
With its end-unit configuration and on-site parking, the property is well suited for owner-users or investors seeking a large industrial condominium that includes built-in office infrastructure.
Key Highlights
- Two‑story, end‑unit industrial condominium totaling 48,000 SF (about 24,000 SF per floor)
- Second floor includes multiple offices and meeting areas for combined warehouse/administrative space
- Roof was replaced 2 years ago and includes a 1‑year transferable warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,355
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,927,100
$4.9M
Cap Rate 7%
$3,519,357
$3.5M
Cap Rate 9%
$2,737,278
$2.7M
Market Conditions
NOI Build-Up for 48,000 SF
Gross rent
$403.2K $8.40/SF
− Vacancy
−$24.2K −$0.50/SF
EGI
$379.0K $7.90/SF
− OpEx
−$132.7K −$2.76/SF
NOI
$246.4K $5.13/SF
Area
Bucks County, PA
Vacancy
6.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,927,100
Cap Rate 7%
$3,519,357
Cap Rate 9%
$2,737,278
Alternative Uses
Best Use
Office B
$10.78M
$9.43M – $12.58M
NOI $754,639 @ 7.0% cap · market cap 25.16%
Second Best
Warehouse
$7.01M
$6.14M – $8.18M
NOI $490,971 @ 7.0% cap · market cap 16.37%
Theoretical Best
Office A
$14.55M
$12.73M – $16.98M
NOI $1,018,718 @ 7.0% cap · market cap 33.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Two-story end-unit industrial condominium with second-floor office and meeting space and recent roof replacement.
Where is this flex space located?
The property is located at 50 Hulmeville Ave Unit 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 (about 24,000 SF per floor); Second floor includes multiple offices and meeting areas for combined warehouse/administrative space; Roof was replaced 2 years ago and includes a 1‑year transferable warranty
