Grenada, MS High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Grenada, Mississippi Market population: 13K. 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 Grenada MS Properties: 0.9200%
⭐ 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 Grenada MS
Common questions from investors exploring commercial real estate in Grenada MS.
What's the overall investment potential of Grenada, MS, considering its demographic and economic factors?
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Grenada, MS, with a population of 13,028 and a median age of 38.7, presents a unique investment opportunity, especially given its top industries in Finance & Insurance, and Educational Services, which can drive demand for housing. The city's poverty rate of 27.8% is somewhat mitigated by an employed population of 5,260 and a health insurance coverage rate of 87.5%, indicating a level of employment stability and access to healthcare.
How does the ethnic diversity and commute time in Grenada, MS, impact the real estate market?
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The ethnic diversity, with top ethnicities being Black (39.5%), White (29.7%), and White Non-Hispanic (29.5%), contributes to a vibrant community. Combined with an average commute time of 17.6 minutes and top commute methods including driving alone and carpooling, Grenada, MS, offers a convenient and relatively quick travel time to workplaces, which can be attractive to potential renters and buyers.
What are the implications of the poverty rate and health insurance coverage for real estate investors in Grenada, MS?
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The 27.8% poverty rate in Grenada, MS, suggests a challenging market, but when considered alongside the 87.5% health insurance coverage, it indicates a population with some level of employment and access to healthcare, potentially stabilizing the rental market. This balance is crucial for investors to assess the quality and reliability of tenants.
How do the top industries in Grenada, MS, influence the demand for real estate?
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The presence of significant industries such as Finance & Insurance, Educational Services, and Health Care & Social Assistance in Grenada, MS, drives a consistent demand for housing, both for renters and buyers. This demand, coupled with a median property value of $92,200 and a median gross rent of $714, suggests opportunities for investors to capitalize on these sectors' growth and stability.
What role does the GINI coefficient and median household income play in assessing the real estate investment potential in Grenada, MS?
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The GINI coefficient of 0.504 indicates a moderate level of income inequality in Grenada, MS, which, when considered alongside a median household income of $31,397, suggests that investors should be mindful of the market's affordability and the potential for fluctuating demand based on economic conditions. This insight can guide investment strategies towards more affordable housing options or developments that cater to the specific needs of the local workforce.
Grenada MS Real Estate & City Facts
Key facts and real estate information about Grenada MS.
What are some of the best neighborhoods to live in Grenada?
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Some of the best neighborhoods to live in Grenada include Broadmeadow Drive, Southlakes Drive, and Oak Grove. These neighborhoods are known for being well-maintained and having a peaceful atmosphere. However, it's always a good idea to do your own research and visit the areas in person to get a feel for which neighborhood is the best fit for you.
What are some fun things to do in Grenada?
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There are plenty of fun things to do in Grenada, including visiting Grenada Lake, exploring the Walls Grenada, and checking out the Grenada Antique Mall. You can also go hiking at the Lost Bluff trail or take a stroll along the beach at Grenada Landing. If you're looking for something more adventurous, you can try kayaking in the Lee Tartt Nature Preserve or go crappie fishing on Grenada Lake.
What is the food scene like in Grenada?
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The food scene in Grenada is a mix of traditional Southern cuisine and some newer, trendier restaurants. You can find everything from classic burgers and barbecue to Italian food and soul food. Some popular restaurants in the area include Pappy's Burgers & Barbecue, Marshall Steakhouse Oxford, and Carmella's. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Grenada?
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One of the pros of living in Grenada is the small-town feel and close-knit community. The city also has a lot to offer in terms of outdoor activities and natural beauty, with Grenada Lake and the surrounding countryside providing plenty of opportunities for hiking, fishing, and other outdoor pursuits. However, one of the cons is that the job market can be limited, and some people may find the pace of life a bit too slow. Additionally, the city has a higher poverty rate and lower median household income compared to other parts of the country.
Is Grenada a good place to live?
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Whether or not Grenada is a good place to live depends on your individual preferences and priorities. If you're looking for a small-town feel and a close-knit community, Grenada may be a great fit. The city also has a lot to offer in terms of outdoor activities and natural beauty. However, if you're looking for a more fast-paced lifestyle or a wider range of job opportunities, you may want to consider other options. Ultimately, it's a good idea to visit Grenada and get a feel for 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 Grenada MS Commercial Property: $31,397
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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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