Two-Story End-Unit Industrial
50 Hulmeville Ave Unit 6 Penndel, PA 19047
New
50 Hulmeville Ave Unit 6, Penndel, PA, 19047
$2,999,000
For Sale
$2,999,000
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 Market3
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
(267) 784-9975
Listed by
Anushervon Odilov · License #RS378130
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 12:04PM Checked: Jul 22 at 4:50AM
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 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
Local Financial Insights For Flex RnD
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 | $403.2k | $8.40 |
| − Vacancy | −$24.2k | −$0.50 |
| EGI | $379.0k | $7.90 |
| − OpEx | −$132.7k | −$2.76 |
| NOI | $246.4k | $5.13 |
48,000 SF · lease $8.40/SF/yr · vacancy 6.00% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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
