Cherry Creek, SD High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Cherry Creek, South Dakota Market population: 12K. Explore income-producing properties with verified cap rates...
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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 Cherry Creek CO Properties: 0.6700%
⭐ 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 Cherry Creek CO
Common questions from investors exploring commercial real estate in Cherry Creek CO.
What's the overall investment potential of Cherry Creek, CO?
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With a median household income of $97,875 and a relatively low poverty rate of 5.4%, Cherry Creek presents a stable investment market, further supported by its high health insurance coverage of 94.1% and a short average commute time of 21.9 minutes, indicating a strong and healthy workforce.
How does the ethnic diversity and industry mix impact the demand for real estate in Cherry Creek?
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The diverse population, with top ethnicities including White, White Non-Hispanic, and Asian, combined with top industries like Construction and Other Services, suggests a robust demand for housing, especially considering the area's low poverty rate and high employment rate of 6,215, which contributes to a stable rental market.
What are the implications of the commute time and health insurance rate for real estate investors in Cherry Creek?
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The 21.9-minute average commute time and high health insurance coverage rate of 94.1% imply a high quality of life, which can attract and retain tenants, and when combined with the area's median property value of $436,200, suggests potential for long-term appreciation in property values.
How does the income inequality and homeownership rate affect the rental market in Cherry Creek?
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The GINI coefficient of 0.444 indicates some level of income inequality, but the high homeownership rate of 71.1% and relatively low poverty rate of 5.4% suggest a stable community, which can lead to a more predictable rental market, especially when considering the top industries and ethnic diversity that contribute to a vibrant local economy.
What role do property taxes and the employed population play in the investment decision for Cherry Creek?
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With median property taxes of $2,926 and an employed population of 6,215, investors can expect a balance between property tax expenses and rental income potential, especially given the high median household income and low poverty rate, which together indicate a strong and stable tenant base with the capacity to afford higher rents and support investment returns.
Cherry Creek CO Real Estate & City Facts
Key facts and real estate information about Cherry Creek CO.
What are some of the best neighborhoods to live in Cherry Creek?
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Some of the best neighborhoods to live in Cherry Creek include Cherry Creek North, Cherry Creek East, Cap Hill, Cheesman, and Wash Park. These neighborhoods offer a range of housing options, from modern luxury to traditional ranch-style properties, and are close to amenities like shopping, dining, and entertainment.
What are some fun things to do in Cherry Creek?
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There are plenty of fun things to do in Cherry Creek, including shopping at the Cherry Creek Shopping Center, exploring the art galleries, and spending a day at the spa. You can also bike the Cherry Creek Trail, visit the Denver Museum of Nature & Science, or enjoy a meal at one of the many restaurants in the area, such as La Merise or Elway's.
What is the food scene like in Cherry Creek?
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The food scene in Cherry Creek is vibrant and diverse, with a range of restaurants serving everything from casual French bistro cuisine to high-end steak. Some popular restaurants in the area include Matsuhisa, North Italia, and Cherry Cricket, as well as more casual spots like Alteño and Ay Papi. There are also plenty of great food trucks and cafes to grab a quick bite or coffee.
What are the pros and cons of living in Cherry Creek?
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The pros of living in Cherry Creek include its convenient location, with easy access to downtown Denver and the rest of the city, as well as its range of amenities, including shopping, dining, and entertainment options. However, some cons of living in Cherry Creek include the high cost of living, with expensive housing and parking options, as well as the potential for traffic and congestion in the area. Additionally, some residents may find the area to be too upscale or commercialized.
Is Cherry Creek a good place to live?
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Overall, Cherry Creek is a great place to live for those who value convenience, amenities, and a vibrant community. While it may not be the most affordable option, the area offers a unique blend of urban and suburban living, with easy access to nature and outdoor recreation. However, it's worth considering the potential downsides, such as high costs and traffic, before making a decision. Ultimately, whether or not Cherry Creek is a good place to live will depend 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 Cherry Creek CO Commercial Property: $97,875
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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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