Blackfoot, ID High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Blackfoot, Idaho Market population: 12K. Compare commercial properties across all major asset classes with...
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⭐ 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
📊 Avg Property Tax Rate For Blackfoot ID Properties: 0.4900%
📊 Average Income For Blackfoot ID Commercial Property: $39,904
Investor Questions For Blackfoot ID
Common questions from investors exploring commercial real estate in Blackfoot ID.
What's the overall investment potential of Blackfoot, ID, considering its demographics and economy?
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The city's median household income of $39,904, combined with a poverty rate of 14.4% and a high health insurance coverage rate of 89.7%, suggests a relatively stable market with opportunities for growth, particularly in the Finance & Insurance, and Real Estate & Rental & Leasing industries, which are among the top industries in the area.
How does the city's diversity and commute time impact the rental market?
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Blackfoot's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, along with an average commute time of 19.4 minutes and a high rate of driving alone, indicates a market with a mix of local and potentially commuter renters, which could lead to a stable rental demand.
What are the key factors to consider when evaluating property values and taxes in Blackfoot?
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The median property value of $124,600 and median property taxes of $2,586, in conjunction with a homeownership rate of 63.7% and a relatively low poverty rate, suggest a balanced housing market with opportunities for appreciation, especially considering the city's growing industries and relatively low commute times.
How does the city's employment and income inequality affect the quality of life for residents and potential tenants?
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The employed population of 4,825 and a GINI coefficient of 0.446, indicating moderate income inequality, combined with a high health insurance coverage rate and relatively low average commute time, suggest a city with a decent quality of life, which could attract and retain tenants and support a stable rental market.
What role do the top industries and ethnic diversity play in shaping the local real estate market?
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The presence of top industries like Finance & Insurance, and Real Estate & Rental & Leasing, along with a diverse population, including significant White, White Non-Hispanic, and Hispanic communities, indicates a market with a strong potential for growth, driven by a mix of local demand and potential investment from these industries, which could lead to increased property values and rental yields over time.
Blackfoot ID Real Estate & City Facts
Key facts and real estate information about Blackfoot ID.
What are some of the best neighborhoods to live in Blackfoot?
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Some of the best neighborhoods to live in Blackfoot include Groveland/Moreland, Wapello, Blackfoot City Center, and Riverside/Rockford. These neighborhoods offer a range of housing options and are known for their close-knit communities and scenic views of the Snake River.
What are some fun things to do in Blackfoot?
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There are plenty of fun things to do in Blackfoot, including visiting the Idaho Potato Museum, exploring Jensen Grove Park, and checking out the Bingham County Historical Museum. You can also enjoy outdoor activities like hiking, whitewater rafting, and fishing in the surrounding areas.
What is the food scene like in Blackfoot?
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The food scene in Blackfoot is diverse and delicious, with popular restaurants like Rupe's Burgers, Smokin' Gun BBQ, and The L7 Grill & Taphouse. There are also plenty of great food trucks and cafes, like Taco H taco truck, and Taste of Teton, which offers an elevated dinner experience.
What are the pros and cons of living in Blackfoot?
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The pros of living in Blackfoot include its friendly community, scenic views, and outdoor recreational opportunities. However, some cons include the limited job market and lower median household income compared to other cities in the state. Overall, Blackfoot is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Blackfoot a good place to live?
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Blackfoot is a good place to live for those who value a small-town atmosphere and easy access to outdoor recreation. While it may not offer the same level of economic opportunity as larger cities, it has a lot to offer in terms of quality of life and community. With its scenic views, friendly residents, and growing food scene, Blackfoot is definitely worth considering as a place to call home.
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