Elsmere, KY High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Elsmere, Kentucky Market population: 8K. Compare commercial properties across all major asset classes with...
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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 Elsmere KY Properties: 1.5000%
⭐ 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 Elsmere KY
Common questions from investors exploring commercial real estate in Elsmere KY.
What's the overall investment potential of Elsmere, KY, considering its demographics and economy?
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With a median household income of $43,563 and a poverty rate of 17.7%, Elsmere's market is characterized by a mix of working-class and middle-class residents, which can be attractive for investors looking for rental yields, especially given the city's diverse top industries, including Wholesale Trade, Construction, and Other Services, and a relatively high health insurance coverage rate of 91.6% indicating a degree of employment stability.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential tenants in Elsmere, KY?
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The average commute time of 24.9 minutes in Elsmere, combined with top commute methods like driving alone, carpooling, and working from home, suggests a relatively convenient and flexible transportation infrastructure, which, paired with a high health insurance rate of 91.6%, contributes to a stable and attractive environment for both residents and investors, considering the ethnic diversity with top ethnicities being White, White Non-Hispanic, and Black.
What role does the foreign-born population and ethnic diversity play in shaping the real estate market in Elsmere, KY?
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Although the foreign-born rate is relatively low at 2.3%, the presence of diverse ethnic groups such as White, White Non-Hispanic, and Black, alongside a GINI coefficient of 0.352 indicating moderate income inequality, suggests a community with a potential for cultural and economic growth, which can be beneficial for real estate investors looking to capitalize on a dynamic and evolving market, especially when considering the top industries and the median property value of $105,000.
How do the poverty rate and health insurance coverage interact to influence the tenant quality and market stability in Elsmere, KY?
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The 17.7% poverty rate, while significant, is somewhat mitigated by the high health insurance coverage rate of 91.6%, indicating that many residents have access to employment benefits or can afford health insurance, which suggests a level of financial stability and responsibility among potential tenants, making the rental market more attractive for investors, especially when combined with the city's median household income and top occupations in office and administrative support.
What insights can be gleaned from the homeownership rate, median property value, and median property taxes for real estate investment in Elsmere, KY?
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With a homeownership rate of 69.2%, a median property value of $105,000, and median property taxes of $2,531, Elsmere presents a relatively affordable housing market, which can be appealing for both homeowners and investors, considering the potential for property appreciation and rental yields, especially in a context where the employed population of 4,202 and top industries like Wholesale Trade and Construction may drive demand for housing and contribute to market stability and growth.
Elsmere KY Real Estate & City Facts
Key facts and real estate information about Elsmere KY.
What are some of the best neighborhoods to live in Elsmere?
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Some of the best neighborhoods to live in Elsmere, KY, include Elsmere/Florence, which is known for being peaceful and family-friendly. There are also other neighborhoods in the area that are considered safe and walkable, such as those near Dixie Highway. However, as with any area, there are hits and misses, and it's always a good idea to do your own research and visit the area before making a decision.
What are some fun things to do in Elsmere?
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There are plenty of fun things to do in and around Elsmere, KY. You can visit the Augusta Distillery, go to the Great American Ball Park, or explore the historic landmarks in the area, such as the Dinsmore Homestead. Additionally, there are several guided tours and breweries in the area that are worth checking out. If you're looking for something to do with your family, there are also several family-friendly activities in the area, such as visiting the aquarium or going to a resort state park.
What is the food scene like in Elsmere?
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The food scene in Elsmere, KY, is diverse and offers something for everyone. There are several highly-rated restaurants in the area, such as Manny's Cabin and Greyhound Tavern, that serve a variety of cuisines. You can also find great lunch specials at places like Garzellis and Log Cabin. If you're looking for something sweet, Emerson's bakery is a great option. There are also plenty of great food trucks and other eateries in the area that are worth trying.
What are the pros and cons of living in Elsmere?
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The pros of living in Elsmere, KY, include the city's peaceful and family-friendly atmosphere, as well as its proximity to several fun attractions and activities. Additionally, the area has a relatively low cost of living and a strong sense of community. However, some of the cons of living in Elsmere include the potential for traffic and congestion on Dixie Highway, as well as the limited number of job opportunities in certain industries. Overall, whether or not Elsmere is a good fit for you will depend on your individual priorities and preferences.
Is Elsmere a good place to live?
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Whether or not Elsmere, KY, is a good place to live depends on your individual priorities and preferences. If you're looking for a peaceful and family-friendly community with a strong sense of community, Elsmere may be a great fit. Additionally, the area's proximity to several fun attractions and activities, as well as its relatively low cost of living, make it an attractive option for many people. However, if you're looking for a more urban or fast-paced environment, or if you have specific job or industry requirements, you may want to consider other options. Ultimately, it's always a good idea to do your own research and visit the area before making a decision.
⭐ 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 Elsmere KY Commercial Property: $43,563
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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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