Hobart, WI High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hobart, Wisconsin Market population: 29K. 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 Hobart IN Properties: 1.1200%
⭐ 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 Hobart IN
Common questions from investors exploring commercial real estate in Hobart IN.
What is the overall investment potential of Hobart, IN, considering its demographic and economic factors?
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Hobart, IN, with a population of 28,894 and a median age of 38.7, presents a stable investment market, given its median household income of $55,617 and a relatively low poverty rate of 11.8%. The city's diverse economy, led by Wholesale Trade, Manufacturing, and Public Administration, supports a strong employment base, which, combined with a high health insurance coverage rate of 91.5%, suggests a reliable tenant market.
How does the ethnic diversity and industry mix in Hobart, IN, influence the demand for real estate?
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The ethnic diversity in Hobart, IN, with top ethnicities being White (43.2%), White Non-Hispanic (39.2%), and Hispanic (7.6%), contributes to a vibrant community. This diversity, coupled with the city's top industries - Wholesale Trade, Manufacturing, and Public Administration - indicates a steady demand for housing, as these sectors tend to attract and retain a skilled and diverse workforce.
What are the implications of Hobart, IN's commute times and health insurance coverage for real estate investors?
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The average commute time of 26.7 minutes in Hobart, IN, suggests that the city has a manageable and relatively short commute, which can enhance the quality of life for residents and potentially increase demand for properties in areas with easy access to employment centers. Furthermore, the high health insurance coverage rate of 91.5% implies a stable and secure population, which is beneficial for investors looking for reliable tenants.
How do the poverty rate and median property value in Hobart, IN, impact the real estate investment landscape?
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The poverty rate of 11.8% in Hobart, IN, is relatively low, which, when considered alongside the median property value of $132,800, indicates a market with potential for appreciation and stable rental income. This combination suggests that investors can find opportunities for both long-term growth and current income, making Hobart an attractive location for real estate investment.
What role do the GINI coefficient and foreign-born rate play in assessing the investment stability of Hobart, IN?
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The GINI coefficient of 0.364 in Hobart, IN, indicates a moderate level of income inequality, which, when considered in the context of a foreign-born rate of 7.1%, suggests a community with a mix of economic statuses but also a notable level of cultural diversity. This diversity can contribute to a dynamic local economy and, by extension, support the stability and potential for growth in the real estate market, making Hobart an interesting choice for investors seeking a balanced risk profile.
Hobart IN Real Estate & City Facts
Key facts and real estate information about Hobart IN.
What are some of the best neighborhoods to live in Hobart?
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Some of the best neighborhoods to live in Hobart include Crestwood, Hobart Brickies, and areas near Lake George. These neighborhoods offer a peaceful and family-friendly atmosphere, with a strong sense of community and convenient access to local amenities.
What are some fun things to do in Hobart?
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There are plenty of fun things to do in Hobart, including visiting the Albanese Candy Factory, exploring the Deep River County Park, and enjoying the city's festivals and concerts. You can also check out the Hobart Art Theatre, play a round of golf at the River Pointe Country Club, or take a stroll along the lakefront at Lake George.
What is the food scene like in Hobart?
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Hobart has a vibrant food scene, with a variety of restaurants serving everything from American comfort food to Caribbean cuisine. Some popular spots include Cafe 339, Montego Bay Grille, and Bon Vie, which offers farm-to-table cuisine. There are also plenty of great food trucks and casual eateries to grab a quick bite.
What are the pros and cons of living in Hobart?
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The pros of living in Hobart include its friendly community, convenient location, and plenty of outdoor recreational opportunities. However, some cons include the city's limited job market and higher cost of living compared to other areas in the region. Additionally, some residents have noted that the city can feel a bit quiet and suburban, which may not be ideal for those looking for a more urban lifestyle.
Is Hobart a good place to live?
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Overall, Hobart is a great place to live for those who value a strong sense of community, outdoor recreation, and a relaxed pace of life. While it may not be the best fit for everyone, the city's unique blend of small-town charm and big-city amenities makes it an attractive option for many. With its beautiful parks, vibrant food scene, and friendly residents, Hobart 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 Hobart IN Commercial Property: $55,617
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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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