Chesapeake, WV High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Chesapeake, West Virginia Market population: 226K. Explore income-producing properties with verified cap rates and...
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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 Chesapeake VA Properties: 0.9500%
⭐ 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 Chesapeake VA
Common questions from investors exploring commercial real estate in Chesapeake VA.
What makes Chesapeake, VA an attractive market for real estate investment?
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The city's median household income of $69,743, combined with a relatively low poverty rate of 8.7% and high health insurance coverage of 92.2%, suggests a stable and employed population, making it an attractive market for real estate investment. Additionally, the top industries in Public Administration, Manufacturing, and Information provide a diverse range of job opportunities, which can drive demand for housing. The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, also contributes to a vibrant and inclusive community.
How does the commute time and transportation infrastructure impact the quality of life for residents in Chesapeake?
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The average commute time of 24.4 minutes in Chesapeake, VA is relatively short, and the top commute methods of driving alone, working from home, and carpooling indicate a convenient and flexible transportation infrastructure. This, combined with the high health insurance coverage rate of 92.2%, suggests a high quality of life for residents, which can contribute to a stable and attractive rental market. The city's diverse economy, with top industries in Public Administration, Manufacturing, and Information, also provides a range of job opportunities that can support a strong rental market.
What are the key factors that contribute to the stability of the rental market in Chesapeake, VA?
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The stability of the rental market in Chesapeake, VA can be attributed to the city's low poverty rate of 8.7%, high health insurance coverage of 92.2%, and relatively short average commute time of 24.4 minutes. These factors, combined with the city's diverse economy and high median household income of $69,743, suggest a stable and employed population that can support a strong rental market. Additionally, the city's high homeownership rate of 71.9% indicates a strong sense of community and investment in the area.
How does the ethnic diversity of Chesapeake, VA impact the demand for housing and real estate investment opportunities?
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The ethnic diversity of Chesapeake, VA, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant and inclusive community that can drive demand for housing. The city's diverse economy, with top industries in Public Administration, Manufacturing, and Information, also provides a range of job opportunities that can attract a diverse range of residents. This, combined with the city's relatively low poverty rate of 8.7% and high health insurance coverage of 92.2%, makes Chesapeake, VA an attractive market for real estate investment, with a range of opportunities for rental properties and other types of investments.
What are the key economic indicators that suggest Chesapeake, VA is a strong market for real estate investment?
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The key economic indicators that suggest Chesapeake, VA is a strong market for real estate investment include the city's median household income of $69,743, low poverty rate of 8.7%, and high health insurance coverage of 92.2%. Additionally, the city's diverse economy, with top industries in Public Administration, Manufacturing, and Information, provides a range of job opportunities that can drive demand for housing. The city's relatively short average commute time of 24.4 minutes and high homeownership rate of 71.9% also contribute to a stable and attractive rental market, making Chesapeake, VA a strong market for real estate investment.
Chesapeake VA Real Estate & City Facts
Key facts and real estate information about Chesapeake VA.
What are some of the best neighborhoods to live in Chesapeake?
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Some of the best neighborhoods to live in Chesapeake include Great Bridge, Greenbrier, South Norfolk, Western Branch, Hickory, Deep Creek, Edinburgh, Caroon Farms, Pleasant Grove East, and Pleasant Grove West. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Chesapeake?
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Chesapeake has a variety of fun activities to enjoy, including outdoor adventures like hiking, biking, and kayaking, as well as visiting attractions like the Chesapeake Arboretum, Chesapeake Planetarium, and Jerrassic Park. You can also explore the city's vibrant food scene, visit the Wreck It Room, Lost Planet, Glowgolf, Sandbox VR, and The Destruction Room, or check out the Family Fun Xperience.
What is the food scene like in Chesapeake?
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Chesapeake's food scene is diverse and exciting, with a range of restaurants serving everything from seafood to steak to Italian cuisine. Some popular spots include The Egg Bistro, Wicker's Crab Pot Seafood, Pirate's Cove Restaurant, Cutlass Grille, The Butcher's Son, La Oficina Steakhouse & Cantina, Luce Secondo, Almighty Meals, Amazing Glazed, Amber Lantern Restaurant, Andiamo Ristorante Pizza Napoletana, Andy Boy's Pizza Company, and Ang's Sushi Bistro. There are also plenty of great food trucks and local eateries to discover.
What are the pros and cons of living in Chesapeake?
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Living in Chesapeake has its pros and cons. On the plus side, the city offers a great quality of life, with a strong sense of community, excellent schools, and plenty of outdoor recreational opportunities. However, some areas of the city can be prone to traffic congestion, and the summer heat and humidity can be intense. Additionally, the cost of living in Chesapeake is relatively high, especially when it comes to housing. Overall, it's a great place to live for those who value a mix of urban and natural amenities, but it may not be the best fit for everyone.
Is Chesapeake a good place to live?
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Chesapeake is a great place to live for many people, offering a unique blend of urban and natural amenities, a strong sense of community, and a relatively low crime rate. However, as with any city, there are also some challenges to consider, such as traffic congestion and a high cost of living. Ultimately, whether or not Chesapeake is a good place to live depends on your individual priorities and preferences. If you value a mix of outdoor recreation, cultural attractions, and community spirit, Chesapeake may be an excellent choice 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 Chesapeake VA Commercial Property: $69,743
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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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