Beckley, WV High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Beckley, West Virginia Market population: 18K. 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 Beckley WV Properties: 0.7200%
⭐ 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 Beckley WV
Common questions from investors exploring commercial real estate in Beckley WV.
What's the overall investment potential of Beckley, WV, considering its demographics and economy?
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Beckley's median household income of $33,261, combined with a poverty rate of 22.6% and a high health insurance coverage of 91.4%, suggests a relatively stable market with a mix of working-class and insured residents. The top industries, including Finance & Insurance and Public Administration, also indicate a diverse economic base, while the 19.2-minute average commute time and high homeownership rate of 58.3% point to a desirable quality of life.
How does the city's ethnic diversity and industry mix impact rental demand?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant community, while the top industries, such as Finance & Insurance and Wholesale Trade, attract a diverse range of workers, potentially driving rental demand. Additionally, the relatively low median property value of $102,500 and median property taxes of $4,459 make Beckley an attractive option for investors looking for affordable properties.
What are the implications of Beckley's poverty rate and health insurance coverage for tenant quality?
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The 22.6% poverty rate in Beckley, although relatively high, is mitigated by the strong health insurance coverage of 91.4%, indicating that many residents have access to employment and healthcare benefits, which can contribute to a more stable tenant base. Furthermore, the employed population of 7,511 and the GINI coefficient of 0.525 suggest a degree of economic inequality, but also a sizable workforce that could support rental incomes.
How does the city's commute time and transportation infrastructure affect its attractiveness to investors?
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Beckley's average commute time of 19.2 minutes, which is relatively short, and the top commute methods, including driving alone, carpooling, and working from home, suggest a convenient and flexible transportation infrastructure, making the city an attractive option for investors looking for properties with easy access to amenities and employment centers. The high health insurance rate and low poverty rate among the employed population also contribute to a stable and desirable environment for renters.
What role do the city's homeownership rate and property values play in determining its investment potential?
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The homeownership rate of 58.3% in Beckley, although not extremely high, indicates a sizable proportion of owner-occupied homes, which can contribute to neighborhood stability and property values. The median property value of $102,500, which is relatively affordable, and the median property taxes of $4,459, also make Beckley an attractive option for investors looking for affordable properties with potential for appreciation, particularly when combined with the city's diverse economy and relatively low commute times.
Beckley WV Real Estate & City Facts
Key facts and real estate information about Beckley WV.
What are some of the best neighborhoods to live in Beckley?
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Some of the best neighborhoods to live in Beckley include Stanaford Acres, which is known for its peaceful and well-maintained environment, and the southeast parts of the city, which tend to be more desirable. However, more affordable homes can be found in the east regions.
What are some fun things to do in Beckley?
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Beckley has a lot to offer when it comes to outdoor activities, including fishing, rafting, mountain biking, rock climbing, and hiking. Some popular attractions include the Beckley Exhibition Coal Mine and Youth Museum, Theater West Virginia, and the Hickory Tree Antique Mall. Additionally, the Tamarack Conference Center is a great place to experience the local culture.
What is the food scene like in Beckley?
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The food scene in Beckley is a mix of local and chain restaurants. Some popular locally-owned restaurants include The Dish Cafe, Black Circle Bistro, and Mickey's. For Japanese cuisine, Fujiyama's is a great option, and Pasquale's is a good choice for Italian food. There are also plenty of great fast food options, including Subway and El Bandido Mexican Restaurant.
What are the pros and cons of living in Beckley?
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One of the pros of living in Beckley is its natural beauty, with plenty of opportunities for outdoor activities. The city also has a rich cultural scene, with attractions like the Beckley Exhibition Coal Mine and Youth Museum. However, one of the cons is that the city has a higher poverty rate and lower median household income compared to other cities in the US. Additionally, the job market may be limited in certain industries.
Is Beckley a good place to live?
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Beckley can be a good place to live for those who enjoy outdoor activities and a small-town atmosphere. The city has a lot to offer in terms of natural beauty and cultural attractions, and the cost of living is relatively low. However, it's essential to consider the potential drawbacks, such as the higher poverty rate and limited job market. Ultimately, whether or not Beckley is a good place to live depends on your individual priorities and preferences.
⭐ 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 Beckley WV Commercial Property: $33,261
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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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