Damascus, GA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Damascus, Georgia Market population: 15K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Damascus MD Properties: 89.0000%
⭐ 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 Damascus MD
Common questions from investors exploring commercial real estate in Damascus MD.
What's the overall investment outlook for Damascus, MD?
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With a median household income of $109,590 and a low poverty rate of 4.6%, Damascus presents a stable investment market, further reinforced by its high health insurance coverage of 96.8% and a relatively short average commute time of 39.2 minutes, indicating a strong and reliable workforce.
How does the ethnic diversity and industry mix impact demand in Damascus?
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The city's diverse population, including White (41.1%), White Non-Hispanic (36.8%), and Hispanic (7.4%) communities, alongside top industries like Information, Public Administration, and Wholesale Trade, suggests a robust and varied demand for housing, supported by a high employment rate and median property value of $380,500.
What are the implications of the commute time and health insurance rate for investors?
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The average commute time of 39.2 minutes, although somewhat lengthy, is mitigated by the prevalence of driving alone, working from home, and carpooling, indicating flexibility and infrastructure for commuters, while the high health insurance rate of 96.8% points to a stable and secure tenant base, reducing investor risk.
How does the income inequality and foreign-born rate affect the rental market?
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Despite a moderate GINI coefficient of 0.345 indicating some income inequality, the overall high median household income and low poverty rate suggest a resilient rental market, and with a foreign-born rate of 14.1%, there's potential for a diverse tenant pool, although investors should consider these factors in pricing and tenant selection strategies.
What role do property taxes and homeownership rates play in investment decisions?
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With a median property tax of $4,332 and a high homeownership rate of 90.1%, investors in Damascus should factor these costs into their financial planning, recognizing that while property taxes may eat into rental yields, the high homeownership rate can indicate a stable and desirable community, potentially supporting long-term property appreciation and rental demand.
Damascus MD Real Estate & City Facts
Key facts and real estate information about Damascus MD.
What are some of the best neighborhoods to live in Damascus?
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Some of the best neighborhoods to live in Damascus include Damascus Park Terrace, Kings Valley, and Montgomery Village. These neighborhoods are known for being peaceful, family-friendly, and having a strong sense of community. For example, Damascus Park Terrace is a quiet and safe neighborhood with plenty of parks and outdoor spaces, while Kings Valley is considered one of the nicest areas in Damascus, offering large homes and a convenient location.
What are some fun things to do in Damascus?
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There are plenty of fun things to do in Damascus, including visiting the Damascus Heritage Society Museum, exploring the trails at Damascus Recreational Park, and checking out the local wineries like Linganore Winecellars. You can also visit nearby attractions like Adventure Park USA, which offers roller coasters, go-karts, and mini-golf. Additionally, the town hosts various community events throughout the year, such as festivals and parades.
What is the food scene like in Damascus?
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The food scene in Damascus is diverse and growing, with a range of restaurants serving everything from traditional American cuisine to international flavors. Some popular spots include Tom and Ray's Family Restaurant, which serves up classic breakfast dishes, and 61 Vineyard, a small, family-owned restaurant with a focus on local ingredients. There are also plenty of great food trucks and cafes in the area, offering everything from tacos to ice cream.
What are the pros and cons of living in Damascus?
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One of the pros of living in Damascus is its strong sense of community, with plenty of family-friendly neighborhoods and community events. The town also has a relatively low crime rate and a good school system. However, some cons include the town's limited job opportunities and higher cost of living compared to other areas in the state. Additionally, traffic can be a issue in certain parts of town, especially during rush hour.
Is Damascus a good place to live?
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Overall, Damascus is a great place to live for those who value a strong sense of community, good schools, and a relatively safe environment. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle or a wider range of job opportunities, it is definitely worth considering for families and individuals who prioritize these factors. With its growing food scene, outdoor recreational opportunities, and convenient location, Damascus has a lot to offer residents and visitors alike.
⭐ 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 Damascus MD Commercial Property: $109,590
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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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