Lucas, IA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lucas, Iowa Market population: 6K. Compare commercial properties across all major asset classes with...
Advertisement
11 properties found
.png)
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
.png)
⭐ 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 Lucas TX Properties: 1.4400%
⭐ 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 Lucas TX
Common questions from investors exploring commercial real estate in Lucas TX.
What's the overall investment outlook for Lucas, TX, considering its demographics and economy?
+
Lucas, TX presents a stable investment market, with a median household income of $118,239, a relatively low poverty rate of 4.8%, and a high health insurance coverage rate of 94.5%, indicating a strong and secure tenant base. The top industries, including Information and Manufacturing, contribute to the area's economic stability. Additionally, the city's ethnic diversity, with a majority of White and White Non-Hispanic populations, and a notable Hispanic presence, suggests a culturally rich and potentially resilient market.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Lucas, TX?
+
The average commute time of 32.1 minutes in Lucas, TX, combined with the top commute methods being driving alone, working from home, and carpooling, suggests a relatively convenient and flexible transportation infrastructure. This, paired with a high health insurance coverage rate of 94.5% and a low poverty rate of 4.8%, indicates a good quality of life for residents, which can attract and retain reliable renters. The public transportation usage, although low at 1.2%, may still support a subset of the population, contributing to the area's overall livability.
What role does the median property value and property taxes play in the investment potential of Lucas, TX?
+
The median property value of $452,600 and median property taxes of $1,483 in Lucas, TX, suggest a significant investment potential, particularly when considering the area's high homeownership rate of 90.1% and relatively low poverty rate of 4.8%. The high median property value indicates a strong and potentially appreciating housing market, while the property taxes, although a consideration for investors, contribute to the local economy and public services, which can enhance the quality of life and attract more residents and renters.
How does the ethnic diversity and industry mix in Lucas, TX influence the demand for housing and rental properties?
+
The ethnic diversity in Lucas, TX, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a culturally vibrant community that can attract a wide range of residents. The top industries, including Information, Manufacturing, and Finance & Insurance, create a strong and diverse economic base, which can drive demand for housing and rental properties. This demand, coupled with the area's relatively low poverty rate of 4.8% and high health insurance coverage rate of 94.5%, suggests a stable and potentially growing rental market.
What are the implications of the GINI coefficient and income inequality for real estate investors in Lucas, TX?
+
The GINI coefficient of 0.506 in Lucas, TX, indicates a moderate level of income inequality, which, when considered alongside the median household income of $118,239 and poverty rate of 4.8%, suggests that investors should be aware of the potential for varying tenant profiles and income levels. However, the high health insurance coverage rate of 94.5% and low poverty rate can mitigate some of these concerns, indicating a generally stable and secure tenant base. Investors should balance these factors when assessing the local rental market and potential investment opportunities.
Lucas TX Real Estate & City Facts
Key facts and real estate information about Lucas TX.
What are some of the best neighborhoods to live in Lucas?
+
Some of the best neighborhoods to live in Lucas, TX include the east parts of the city, which tend to be more desired, and the southeast regions, which offer more affordable homes. According to AreaVibes, Lucas has a population of 8,398 and is considered one of the best places to live in Texas. Neighborhoods like Richardson and Plano are also nearby and offer a range of housing options.
What are some fun things to do in Lucas?
+
There are plenty of fun things to do in Lucas, TX. You can visit the Blackland Prairie Raptor Center, which is open to the public on the first Saturday of every month, or explore the Southfork Ranch. If you're looking for something more adventurous, you can check out the Celebration Park or the Old Rooster Creek Flea Markets & RV Parks. The Lucas Farmers Market is also a great place to find local vendors selling fresh produce and other products.
What is the food scene like in Lucas?
+
The food scene in Lucas, TX is diverse and offers a range of options. You can find restaurants like Subway, Smoothie King, and Palio's Pizza Cafe, as well as more unique spots like The South and The Boathouse. There are also plenty of great food trucks and local eateries, such as Curuba and HoneyBird, that serve up delicious cuisine. If you're looking for Italian food, Villa Vinci is a great option, and for Chinese food, you can try Mr Panda Chinese.
What are the pros and cons of living in Lucas?
+
The pros of living in Lucas, TX include its highly rated schools, low crime rate, and affordable housing options. The city also has a strong sense of community, with plenty of local events and activities to get involved in. However, some cons of living in Lucas include its limited job opportunities and lack of public transportation. Additionally, the city can feel quite rural, which may not be ideal for those who prefer a more urban lifestyle.
Is Lucas a good place to live?
+
Overall, Lucas, TX is a great place to live for those who value a strong sense of community, good schools, and affordable housing. While it may not be ideal for everyone, particularly those who prefer a more urban lifestyle, the city's pros outweigh its cons. With its low crime rate, plenty of local events, and range of outdoor activities, Lucas is a great option for families, retirees, and anyone looking for a quiet, rural lifestyle.
⭐ 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 Lucas TX Commercial Property: $118,239
Advertisement
⭐ 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 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
Advertisement
⭐ 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
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
Advertisement