Harrodsburg, KY High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Harrodsburg, Kentucky Market population: 8K. Explore income-producing properties with verified cap rates and operating...
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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 Harrodsburg KY Properties: 1.1300%
⭐ 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 Harrodsburg KY
Common questions from investors exploring commercial real estate in Harrodsburg KY.
What's the overall investment potential of Harrodsburg, KY, considering its demographics and economy?
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With a median household income of $29,495 and a poverty rate of 21.8%, Harrodsburg's market may present opportunities for affordable housing investments, especially given the relatively low median property value of $97,100 and a strong employment base in Public Administration and Finance & Insurance, which could support rental demand from a diverse population, including 46.1% White and 4.2% Black residents.
How does the city's commute time and health insurance coverage impact the quality of life for residents and potential tenants?
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The average commute time of 21.5 minutes, combined with a high health insurance coverage rate of 91.3%, suggests a relatively stable and healthy community, which is attractive for both residents and investors, as it indicates a reliable workforce and lower risk of tenant turnover, especially in a city with top industries like Transportation & Warehousing, and Utilities that may require a mobile workforce.
What are the implications of Harrodsburg's income inequality and poverty rate on the local real estate market?
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The Gini coefficient of 0.456, indicating moderate income inequality, coupled with a poverty rate of 21.8%, may suggest a market with a mix of affordable and higher-end properties, presenting opportunities for investors to cater to different segments, including the 55.9% of residents who are homeowners, and those employed in the top industries such as Finance & Insurance, and Real Estate & Rental & Leasing.
How does the ethnic diversity and industry mix in Harrodsburg influence market demand and investment strategies?
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The city's ethnic diversity, with 46.1% White and 4.2% Black populations, alongside a strong presence of industries like Public Administration and Transportation & Warehousing, & Utilities, indicates a potential for stable demand from a diverse workforce, which investors can capitalize on by offering housing options that cater to different demographic groups, considering the median property value of $97,100 and median property taxes of $2,025.
What role do health insurance coverage and commute methods play in assessing the stability of the rental market in Harrodsburg?
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The high health insurance coverage rate of 91.3% and the prevalence of commute methods like 'Drove Alone' and 'Carpooled' suggest a relatively stable and insured population, which can contribute to a lower risk of tenant default and higher rental yield stability, making the city an attractive location for real estate investments, especially considering the average commute time of 21.5 minutes and the employed population of 2,972.
Harrodsburg KY Real Estate & City Facts
Key facts and real estate information about Harrodsburg KY.
What are some of the best neighborhoods to live in Harrodsburg?
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Some of the best neighborhoods to live in Harrodsburg include Mooreland Ave, Alexander Heights, Bell Acres, Bellaire, Blue Ridge, Brentwood, Brightleaf, and Chimney Rock Estates. These neighborhoods offer a range of housing options and are considered to be safe and desirable places to live.
What are some fun things to do in Harrodsburg?
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There are plenty of fun things to do in Harrodsburg, including visiting the Shaker Village of Pleasant Hill, Old Fort Harrod State Park, and Devine's Corn Maze & Pumpkin Patch. You can also explore the historic downtown area, go hiking or biking, or attend one of the many festivals and events that take place throughout the year.
What is the food scene like in Harrodsburg?
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The food scene in Harrodsburg is diverse and delicious, with a range of restaurants serving everything from traditional Southern cuisine to international dishes. Some popular restaurants include The Trustees' Table, Olde Bus Station, Old Owl Tavern, and Beaumont Inn Dining Room. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Harrodsburg?
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The pros of living in Harrodsburg include its historic charm, natural beauty, and strong sense of community. However, some cons include the limited job opportunities and higher cost of living compared to other parts of the state. Additionally, the town can be quite touristy at times, which may be a drawback for some residents.
Is Harrodsburg a good place to live?
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Overall, Harrodsburg is a great place to live for those who value history, community, and natural beauty. While it may not be the best fit for everyone, it offers a unique and charming way of life that is worth considering. With its rich history, scenic landscapes, and friendly residents, Harrodsburg is definitely worth exploring as a potential 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 Harrodsburg KY Commercial Property: $29,495
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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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