Cherryville, NC High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Cherryville, North Carolina Market population: 6K. 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 Cherryville NC Properties: 4.8000%
⭐ 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 Cherryville NC
Common questions from investors exploring commercial real estate in Cherryville NC.
What's the overall investment outlook for Cherryville, NC?
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The 13.7% poverty rate combined with a strong 90.6% health insurance coverage suggests a relatively stable market, and with a median household income of $42,656 and top industries like Finance & Insurance, and Public Administration, there's a solid foundation for investment. The 24-minute average commute time and high homeownership rate of 68.6% also indicate a desirable quality of life.
How does the local economy impact real estate investment in Cherryville?
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The employed population of 2,486 and top industries like Finance & Insurance, and Public Administration contribute to a stable economy, while the GINI coefficient of 0.445 indicates a moderate level of income inequality. With a median property value of $104,300 and median property taxes of $1,740, investors can expect a relatively affordable market. The diverse population, including White, White Non-Hispanic, and Black ethnicities, also supports a robust demand for housing.
What are the key factors to consider for rental property investment in Cherryville?
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The 13.7% poverty rate and 90.6% health insurance coverage suggest a working-class market with employment stability, making it suitable for rental properties. The average commute time of 24 minutes and top commute methods like driving alone and carpooling indicate convenient transportation options, which can attract renters. Additionally, the relatively high homeownership rate of 68.6% may lead to a competitive rental market, so investors should carefully consider property pricing and amenities.
How does the demographic diversity of Cherryville impact real estate investment?
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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 and can support a strong demand for housing. The median age of 42.7 and foreign-born rate, although unknown, may still indicate a relatively stable population. With a median household income of $42,656 and top industries like Finance & Insurance, and Public Administration, investors can expect a steady stream of potential renters and buyers from various backgrounds.
What's the outlook for property appreciation and rental yields in Cherryville?
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The median property value of $104,300 and median property taxes of $1,740 suggest a relatively affordable market, which can lead to attractive rental yields. The 13.7% poverty rate and 90.6% health insurance coverage indicate a stable market, and with a strong employed population and top industries, there's potential for long-term property appreciation. The average commute time of 24 minutes and high homeownership rate of 68.6% also support a desirable quality of life, which can drive up property values over time.
Cherryville NC Real Estate & City Facts
Key facts and real estate information about Cherryville NC.
What are some of the best neighborhoods to live in Cherryville?
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Some of the best neighborhoods to live in Cherryville include Waco, which is known for its affordability and friendliness.
What are some fun things to do in Cherryville?
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Cherryville has a small-town atmosphere and a quaint, slow pace of life, making it a great place to enjoy outdoor activities and community events.
What is the food scene like in Cherryville?
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There are also plenty of great local restaurants and cafes in Cherryville, although I couldn't find specific information about them.
What are the pros and cons of living in Cherryville?
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The pros of living in Cherryville include its small-town atmosphere and slow pace of life, while the cons include limited job opportunities and a higher poverty rate compared to other areas.
Is Cherryville a good place to live?
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Overall, Cherryville can be a good place to live for those who value a small-town atmosphere and a slow pace of life, but it may not be the best fit for everyone, especially those looking for job opportunities or a more urban lifestyle.
⭐ 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 Cherryville NC Commercial Property: $42,656
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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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