Alice, ND High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Alice, North Dakota Market population: 19K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Alice TX Properties: 2.6000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Alice TX
Common questions from investors exploring commercial real estate in Alice TX.
What's the overall investment potential of Alice, TX, considering its demographics and economy?
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The city's median household income of $38,819, combined with a poverty rate of 25.9% and a health insurance coverage of 78.8%, suggests a relatively stable market with opportunities for growth, particularly in the manufacturing and public administration sectors, which are among the top industries here.
How does the ethnic diversity and commute time in Alice, TX impact the rental market?
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The diverse population, with 45.4% White, 43.9% Hispanic, and 5.5% White Non-Hispanic, along with an average commute time of 19.9 minutes, indicates a vibrant and accessible city that could attract a wide range of renters, potentially supporting a strong rental yield.
What are the implications of the GINI coefficient and homeownership rate for real estate investors in Alice, TX?
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The GINI coefficient of 0.478, which measures income inequality, and a homeownership rate of 58.5%, suggest that while there is some income disparity, a significant portion of the population owns their homes, which could influence the demand for rental properties and the overall stability of the housing market.
How do the top industries in Alice, TX, such as manufacturing and agriculture, affect the local job market and, by extension, the real estate investment landscape?
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The presence of manufacturing, agriculture, and public administration as top industries, employing a significant portion of the 7,935 employed population, indicates a relatively stable job market, which is crucial for maintaining a healthy rental market and supporting property appreciation over time.
What insights can be gleaned from the median property value, property taxes, and health insurance coverage for assessing the attractiveness of Alice, TX to real estate investors?
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The median property value of $75,200, coupled with median property taxes of $4,126 and a health insurance coverage rate of 78.8%, suggests that Alice, TX offers relatively affordable properties with manageable tax burdens, and a population that is largely covered by health insurance, which can be indicative of a stable and potentially attractive market for investors.
Alice TX Real Estate & City Facts
Key facts and real estate information about Alice TX.
What are some of the best neighborhoods to live in Alice?
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Some of the best neighborhoods to live in Alice, TX are Sagewood, Calallen, and Robstown. Sagewood is known for its affordability and friendliness, while Calallen is a bit better for families with better schools. Robstown is also a good option, but it's a bit farther from the city center.
What are some fun things to do in Alice?
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There are plenty of fun things to do in Alice, TX. You can visit the South Texas Museum, go bowling at Pin City Lanes, or catch a show at the Rio Plaza IV Theater. If you're looking for outdoor activities, you can check out the Alice Parks & Recreation department or play a round of golf at the Alice Country Club.
What is the food scene like in Alice?
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The food scene in Alice, TX is diverse and delicious. You can find everything from traditional Texan cuisine to Filipino plates at N&M Curbside. Some popular restaurants in the area include Bones Restaurant & Bar, Adam's Den, and NY Joe's Italian Restaurant. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Alice?
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The pros of living in Alice, TX include its affordable housing, friendly community, and plenty of outdoor activities. However, some cons include the limited job opportunities and lower median household income compared to other cities in the state. Additionally, the city's poverty rate is higher than the national average, which can be a challenge for some residents.
Is Alice a good place to live?
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Overall, Alice, TX can be a good place to live for those who value a close-knit community and outdoor activities. While it may have its challenges, the city has a lot to offer, from its rich history and culture to its natural beauty and friendly residents. It's worth considering for those who are looking for a smaller town feel with a strong sense of community.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Alice TX Commercial Property: $38,819
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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