Lake Stevens, WA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lake Stevens, Washington Market population: 29K. Explore income-producing properties with verified cap rates and...
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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 Lake Stevens WA Properties: 0.8600%
⭐ 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 Lake Stevens WA
Common questions from investors exploring commercial real estate in Lake Stevens WA.
What is the overall investment potential of Lake Stevens, WA?
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The combination of a relatively low poverty rate of 6.8%, high health insurance coverage of 93.3%, and a strong median household income of $72,451 suggests a stable and attractive market for real estate investment in Lake Stevens, WA. The top industries, including Manufacturing, Public Administration, and Construction, also indicate a diverse economy. With a median property value of $246,900 and a homeownership rate of 74.3%, the market shows potential for both rental and ownership opportunities.
How does the demographic diversity of Lake Stevens impact the rental market?
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The ethnic diversity of Lake Stevens, with top ethnicities including White, White Non-Hispanic, and Hispanic, suggests a potentially vibrant and inclusive rental market. Combined with an average commute time of 32.3 minutes and a high rate of health insurance coverage, the market may attract a wide range of renters. The foreign-born rate of 7.4% also indicates a degree of cultural diversity that could support demand for rental properties.
What are the key factors influencing the quality of life for residents and tenants in Lake Stevens?
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The average commute time of 32.3 minutes, top commute methods including driving alone and working from home, and a high health insurance coverage rate of 93.3% all contribute to a relatively high quality of life in Lake Stevens. Additionally, the median household income of $72,451 and a poverty rate of 6.8% suggest a stable economic environment, which can positively impact tenant quality and retention.
How does the local economy and industry diversity impact real estate investment in Lake Stevens?
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The diversity of top industries in Lake Stevens, including Manufacturing, Public Administration, and Construction, indicates a resilient local economy. This diversity, combined with a median household income of $72,451 and an employed population of 13,746, suggests a strong potential for rental income stability and property appreciation. The GINI coefficient of 0.362 also indicates a relatively low level of income inequality, which can contribute to a more stable market.
What role do property values, taxes, and homeownership rates play in the investment potential of Lake Stevens?
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The median property value of $246,900, median property taxes of $7,265, and a homeownership rate of 74.3% in Lake Stevens suggest a balanced housing market with opportunities for both investors and homeowners. The relatively high homeownership rate may indicate a strong sense of community, which can positively impact property values and rental demand. Additionally, the median property taxes, while significant, are manageable in the context of the overall property values and median household income.
Lake Stevens WA Real Estate & City Facts
Key facts and real estate information about Lake Stevens WA.
What are some of the best neighborhoods to live in Lake Stevens?
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Some of the best neighborhoods to live in Lake Stevens include Westview Ridge, Highlands, Stevens Creek, Skyline, Sunnycrest, Highland, Hillcrest, Glenwood, and Mt. Pilchuck. These neighborhoods are known for their beautiful views, community spirit, and family-friendly atmosphere.
What are some fun things to do in Lake Stevens?
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There are plenty of fun things to do in Lake Stevens, including visiting the Lake Stevens Historical Museum, Lake Stevens Community Park, and Lundeen Park. You can also enjoy watersports, attend the Aquarun, a carnival and circus, a car show, and evening fireworks. Additionally, the city has a variety of programs and activities, such as teaching crafts or sharing knowledge with others.
What is the food scene like in Lake Stevens?
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The food scene in Lake Stevens is diverse and exciting, with a range of restaurants to choose from, including Conto's Pizza & Pasta, LJ's Bistro & Bar, Dwellers Drinkery, and Francisco's Kitchen & Cantina. There are also plenty of great food trucks and other dining options available. From Italian to Mexican cuisine, you can find something to suit your taste.
What are the pros and cons of living in Lake Stevens?
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The pros of living in Lake Stevens include its beautiful views, community spirit, and family-friendly atmosphere. The city also has a lower overall crime rate compared to the national average. However, some cons include the potential for traffic and commute time, as well as the need for more diverse dining and entertainment options. Overall, Lake Stevens is a great place to live for those who value a strong sense of community and outdoor activities.
Is Lake Stevens a good place to live?
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Yes, Lake Stevens is a good place to live, offering a unique blend of natural beauty, community spirit, and small-town charm. While it may have some drawbacks, the city's pros outweigh its cons, making it an attractive option for families, outdoor enthusiasts, and those looking for a relaxed pace of life.
⭐ 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 Lake Stevens WA Commercial Property: $72,451
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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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