Citrus Park, AZ High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Citrus Park, Arizona Market population: 25K. 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 Citrus Park FL Properties: 0.7700%
⭐ 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 Citrus Park FL
Common questions from investors exploring commercial real estate in Citrus Park FL.
What is the overall investment potential of Citrus Park, FL, considering its demographic and economic factors?
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Citrus Park, FL, with a median household income of $57,453 and a relatively low poverty rate of 10.5%, presents a stable investment market. The area's diverse population, including a significant Hispanic population (19.9%) and a notable foreign-born rate (24.1%), contributes to its economic vibrancy, supported by top industries like Information and Finance & Insurance. Additionally, the 27.6-minute average commute time and high health insurance coverage rate (85.4%) suggest a reliable and healthy workforce.
How does the ethnic diversity and industry mix in Citrus Park impact the demand for real estate?
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The ethnic diversity in Citrus Park, with White (37.7%), White Non-Hispanic (25.5%), and Hispanic (19.9%) populations, alongside its industry mix including Information, Agriculture, and Finance & Insurance, indicates a robust demand for real estate. This diversity, combined with a median property value of $178,100 and a homeownership rate of 67.3%, suggests a stable and potentially growing market. The presence of a significant employed population (12,052) further supports the demand for housing.
What are the implications of Citrus Park's commute times and health insurance rates for real estate investors?
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The average commute time of 27.6 minutes in Citrus Park, coupled with a high health insurance coverage rate of 85.4%, implies a market with reliable, employed individuals who can afford housing. This stability, along with a poverty rate of 10.5%, suggests that tenants are likely to be consistently employed and able to pay rent, making it an attractive location for real estate investment. The commute methods, with a preference for driving alone, working at home, or carpooling, also indicate flexibility and potential for future infrastructure development.
How does the income inequality and poverty rate in Citrus Park affect the quality of tenants and property values?
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The GINI coefficient of 0.441 and a poverty rate of 10.5% in Citrus Park suggest a level of income inequality, but the overall economic indicators, including a median household income of $57,453, point towards a working-class market with employment stability. The relatively low poverty rate, compared to other areas, combined with high health insurance coverage (85.4%), indicates a tenant base that is more likely to be stable and reliable, which can positively impact property values and rental yields.
What role does the foreign-born population and top industries play in the real estate market of Citrus Park?
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The significant foreign-born rate (24.1%) in Citrus Park contributes to its cultural and economic diversity, potentially increasing demand for housing from a varied demographic. The top industries, including Information and Finance & Insurance, attract a skilled workforce, which can drive up housing demand and support property appreciation. This, combined with a median property value of $178,100, suggests that Citrus Park offers opportunities for real estate investment growth, especially in sectors catering to its diverse and employed population.
Citrus Park FL Real Estate & City Facts
Key facts and real estate information about Citrus Park FL.
What are some of the best neighborhoods to live in Citrus Park?
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Some of the best neighborhoods to live in Citrus Park include Avery Oaks, a single-family home community built in 2003, and other areas in the north parts of the city, which tend to be more desirable. However, more affordable homes can be found in the southwest regions.
What are some fun things to do in Citrus Park?
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There are plenty of fun things to do in Citrus Park, including visiting the Westfield Citrus Park mall, exploring the Florida Aquarium, and taking a tour of the Old McMicky's Farm, where you can milk cows, ride ponies, and pet cute farm animals. You can also attend events and activities like stand-up comedy shows, museum tours, and author talks.
What is the food scene like in Citrus Park?
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The food scene in Citrus Park is diverse and exciting, with a range of restaurants to choose from, including BJ's Restaurant & Brewhouse, Boteco do Manolo, and Florida Cracker Fish Company, which serves fresh Florida ingredients. There are also plenty of great food trucks and other eateries to try.
What are the pros and cons of living in Citrus Park?
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The pros of living in Citrus Park include its safe and suburban environment, with plenty of amenities like malls and movie theaters. However, some cons include the need to travel to other areas like Soho or Downtown for more entertainment options, and the potential for traffic and commute time. Overall, Citrus Park is a great place to live for those who want a more laid-back and family-friendly atmosphere.
Is Citrus Park a good place to live?
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Yes, Citrus Park is a good place to live, with its safe and suburban environment, affordable housing options, and plenty of amenities. While it may not have all the entertainment options of other areas, it is a great choice for families and those who want a more relaxed pace of life. With its convenient location and range of activities and attractions, Citrus Park is definitely worth considering as a place to call home.
⭐ 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 Citrus Park FL Commercial Property: $57,453
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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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