Cherry Hills Village, CO High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Cherry Hills Village, Colorado Market population: 6K. Browse multifamily, office, retail, industrial, and mixed-use...
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3 properties found
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π Average Cap Rate For Cherry Hills Village CO Properties: 5.7%
β 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
π Avg Property Tax Rate For Cherry Hills Village CO Properties: 0.6000%
β 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
Investor Questions For Cherry Hills Village CO
Common questions from investors exploring commercial real estate in Cherry Hills Village CO.
What's the overall investment potential of Cherry Hills Village, CO?
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With a median household income of $211,477, a low poverty rate of 2.7%, and a high health insurance coverage rate of 97.7%, Cherry Hills Village presents a stable investment market, further supported by its diverse top industries, including Manufacturing, Finance & Insurance, and Information.
How does the local economy impact rental demand?
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The top industries in Cherry Hills Village, such as Finance & Insurance and Real Estate & Rental & Leasing, combined with a high median household income and low poverty rate, suggest a strong demand for rentals, especially considering the village's low average commute time of 20.6 minutes and prevalent commute methods like driving alone and working from home.
What's the quality of life like for potential tenants?
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The quality of life in Cherry Hills Village is high, with an average commute time of 20.6 minutes, a high health insurance coverage rate of 97.7%, and a low poverty rate of 2.7%, indicating a stable and healthy community, which is attractive for potential tenants and suggests a lower risk for investors.
How does ethnic diversity impact the local real estate market?
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The ethnic diversity in Cherry Hills Village, with top ethnicities including White and White Non-Hispanic, along with a foreign-born rate of 6.4%, contributes to a culturally rich community, which can attract a wide range of tenants and support a stable rental market, especially when combined with the area's high median property value of $1,000,001 and low poverty rate.
What are the implications of the local housing market for real estate investors?
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With a median property value of $1,000,001, a high homeownership rate of 96.0%, and relatively low median property taxes of $1,971, Cherry Hills Village's housing market presents opportunities for real estate investors, particularly when considering the village's strong economy, diverse industries, and high quality of life, which can support long-term property appreciation and rental income stability.
Cherry Hills Village CO Real Estate & City Facts
Key facts and real estate information about Cherry Hills Village CO.
What are some of the best neighborhoods to live in Cherry Hills Village?
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Some of the best neighborhoods to live in Cherry Hills Village include Old Cherry Hills, Buell Mansion estates, Cherryridge, and Cherry Hills North. These neighborhoods offer a peaceful, family-friendly environment with lots of green spaces, horse trails, and a strong sense of community.
What are some fun things to do in Cherry Hills Village?
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There are plenty of fun things to do in Cherry Hills Village, such as exploring the Mary Carter Greenway Trail, attending the Annual Winter Celebration, or watching a free movie at the Outdoor Movie Night. You can also visit the Village Center, which hosts various community-friendly events throughout the year.
What is the food scene like in Cherry Hills Village?
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Unfortunately, I was unable to find specific information about the food scene in Cherry Hills Village. However, the surrounding areas of Denver and the Denver Tech Center offer a wide range of dining options, from fine dining to casual eateries.
What are the pros and cons of living in Cherry Hills Village?
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The pros of living in Cherry Hills Village include its peaceful and family-friendly environment, excellent schools, and easy access to downtown Denver and the Denver Tech Center. However, the area is known for being upscale and expensive, with high property values and taxes. Additionally, the community may be quite secluded, which could be a con for some residents.
Is Cherry Hills Village a good place to live?
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Overall, Cherry Hills Village seems to be a great place to live for those who value a peaceful, family-friendly environment and are willing to invest in a higher-end lifestyle. The area offers excellent schools, plenty of green spaces, and easy access to urban conveniences. However, it may not be the best fit for those on a budget or looking for a more vibrant, urban atmosphere.
π Average Income For Cherry Hills Village CO Commercial Property: $211,477
β 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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