Boiling Springs, SC High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Boiling Springs, South Carolina Market population: 9K. Browse multifamily, office, retail, industrial, and mixed-use...
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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 Boiling Springs SC Properties: 1.6000%
⭐ 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 Boiling Springs SC
Common questions from investors exploring commercial real estate in Boiling Springs SC.
What's the overall investment potential of Boiling Springs, SC?
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Boiling Springs, SC, with its median household income of $67,515 and a relatively low poverty rate of 6.7%, presents a stable investment market. The high health insurance coverage rate of 90.8% and short average commute time of 21.1 minutes suggest a reliable and healthy workforce, which is further supported by the top industries in manufacturing, finance, and real estate. This combination indicates a strong potential for rental income stability.
How does the demographic diversity impact the local real estate market?
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The demographic diversity in Boiling Springs, SC, with top ethnicities including White (43.2%), White Non-Hispanic (42.3%), and Black (6.7%), alongside a foreign-born rate of 3.4%, contributes to a culturally rich community. This diversity, coupled with a median property value of $149,000 and a high homeownership rate of 75.7%, suggests a robust and inclusive housing market that can attract a wide range of buyers and renters, supported by industries like manufacturing and finance.
What are the key factors influencing tenant quality and market demand?
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The low poverty rate of 6.7% and high health insurance coverage of 90.8% in Boiling Springs, SC, indicate a working-class market with employment stability. The average commute time of 21.1 minutes and the prevalence of driving alone, working from home, or carpooling as top commute methods suggest solid infrastructure for renters. Additionally, the top industries in manufacturing, finance, and real estate contribute to a stable job market, which can drive demand for housing and influence tenant quality positively.
How does the economic inequality and employment rate affect real estate investment?
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Boiling Springs, SC, has a GINI coefficient of 0.375, indicating moderate income inequality, and an employed population of 4,256, which is significant given its population of 8,728. This employment rate, combined with a median household income of $67,515, suggests a stable economic base. The top industries, including manufacturing and finance, provide a diverse employment landscape, which can support the local real estate market by ensuring a steady demand for housing from employed individuals and families.
What insights can be gleaned from the commute times and health insurance rates for market stability?
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The short average commute time of 21.1 minutes in Boiling Springs, SC, and the high health insurance coverage rate of 90.8% are indicative of a stable and healthy community. These factors, along with the median property value of $149,000 and median property taxes of $2,421, suggest that the area offers a good quality of life, which can attract and retain residents, thereby supporting market stability and potentially increasing property appreciation over time.
Boiling Springs SC Real Estate & City Facts
Key facts and real estate information about Boiling Springs SC.
What are some of the best neighborhoods to live in Boiling Springs?
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Some of the best neighborhoods to live in Boiling Springs include Baxter Village, Pine Valley, Landmark Commons, and Heritage Creek. These neighborhoods offer a range of amenities, including parks, trails, and community events. However, it's worth noting that some areas of Boiling Springs can be quite crowded and traffic-heavy, so it's a good idea to research and visit different neighborhoods before making a decision.
What are some fun things to do in Boiling Springs?
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There are plenty of fun things to do in Boiling Springs, including visiting McMillan Park, which offers soccer fields, tennis courts, and a playground. You can also check out the Red Bordner Distillery, or take a hike at the Broad River Greenway. If you're looking for something more adventurous, you can try Southern Outlaw Adventures or visit the Aquarium & Shark Lab by Team ECCO. Additionally, the city hosts various community events throughout the year, such as festivals and concerts.
What is the food scene like in Boiling Springs?
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The food scene in Boiling Springs is diverse and offers a range of options, from Mexican cuisine at La Paz to Italian food at Capri's Italian Restaurant. You can also find great burgers and pub fare at The Fox Den Pub & Grill, or try some Asian fusion at Taste Of Nagoya. There are also plenty of great food trucks and local eateries to explore, so you're sure to find something that suits your taste. Additionally, the city is close to Spartanburg, which offers an even wider range of dining options.
What are the pros and cons of living in Boiling Springs?
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One of the pros of living in Boiling Springs is its natural beauty, with plenty of parks and trails to explore. The city also has a strong sense of community, with many family-friendly events and activities throughout the year. However, some cons include the traffic and crowds in certain areas, as well as the limited job opportunities compared to larger cities. Additionally, some residents have noted that the city can feel a bit suburban and lacking in cultural diversity. Overall, Boiling Springs is a great choice for families and outdoor enthusiasts, but may not be the best fit for everyone.
Is Boiling Springs a good place to live?
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Boiling Springs can be a great place to live, depending on your individual preferences and priorities. The city offers a unique blend of natural beauty, community events, and small-town charm, making it an attractive option for families and outdoor enthusiasts. However, it may not be the best fit for those looking for a more urban or culturally diverse environment. Ultimately, whether Boiling Springs is a good place to live depends on your personal lifestyle and what you're looking for in a community. It's a good idea to research and visit the area before making a decision to get a sense of whether it's the right fit for you.
⭐ 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 Boiling Springs SC Commercial Property: $67,515
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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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