Two-Story End-Unit Industrial
6-50 Hulmeville Avenue Penndel, PA 19047
6-50 Hulmeville Avenue, Penndel, PA, 19047
$2,999,000
For Sale
$2,999,000
Two-story end-unit industrial condominium with second-floor offices and meeting space, plus recent roof and capital improvements.
Property Size48,000 SF
Price / SF$62.48
Days on Market52
Property Features for 6-50 Hulmeville Avenue
General Information
- Standard status
- Active
- Size
- 48,000 SF
Listing agency
Keller Williams Real Estate Tri-County
(267) 784-9975
Listed by
Anushervon Odilov · License #RS378130
(267) 784-9975
Source
Exprealty
Added: Jun 1 Updated: Jul 21 at 9:16PM Checked: Jul 22 at 7:47AM
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.
Two-story, end-unit industrial condominium totaling approximately 48,000 square feet, with about 24,000 square feet on each floor. The second floor includes multiple offices and meeting areas, supporting a layout that can combine warehouse or distribution activity with on-site administrative space. The property is positioned as a flexible industrial option for users seeking operational and office functionality in one building.
Located in Lower Bucks County at 6-50 Hulmeville Avenue (PennDEL, PA 19047), the end-unit configuration is designed to support accessibility and overall functionality. The roof is only two (2) years old, and the condominium will be delivered with a one (1) year transferable warranty.
Exterior work is underway, with ongoing façade renovations planned to modernize the building’s exterior and improve curb appeal. In addition, the front parking area will be fully resurfaced post-closing, following the completion of improvements.
Located in Lower Bucks County at 6-50 Hulmeville Avenue (PennDEL, PA 19047), the end-unit configuration is designed to support accessibility and overall functionality. The roof is only two (2) years old, and the condominium will be delivered with a one (1) year transferable warranty.
Exterior work is underway, with ongoing façade renovations planned to modernize the building’s exterior and improve curb appeal. In addition, the front parking area will be fully resurfaced post-closing, following the completion of improvements.
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 operational and administrative space in one building.
- Roof is only 2 years old and the property will be delivered with 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
Similar Off Market Nearby
- Apron Catering LLC — 420 N Bellevue Ave, Langhorne, PA 19047
FAQs
What type of property is this?
Flex space - Two-story end-unit industrial condominium with second-floor offices and meeting space, plus recent roof and capital improvements.
Where is this flex space located?
The property is located at 6-50 Hulmeville Avenue 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 operational and administrative space in one building.; Roof is only 2 years old and the property will be delivered with a 1‑year transferable warranty.
