McMinnville, TN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in McMinnville, Tennessee Market population: 34K. 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 McMinnville OR Properties: 79.0000%
⭐ 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 McMinnville OR
Common questions from investors exploring commercial real estate in McMinnville OR.
What is the overall investment potential of McMinnville, OR, considering its demographic and economic factors?
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McMinnville, OR, with a population of 34,319 and a median age of 36.4, presents a stable investment market, given its median household income of $53,419 and a relatively low poverty rate of 12.2%, which is further bolstered by a high health insurance coverage rate of 95.1% and a diverse economy led by Healthcare & Social Assistance, Retail Trade, and Manufacturing.
How does the ethnic diversity and industry mix in McMinnville impact the demand for real estate investments?
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The city's ethnic diversity, with top ethnicities being White (83.9%), Hispanic (14.1%), and Asian (1.8%), alongside its foreign-born rate of 14.5%, contributes to a culturally rich and potentially dynamic housing market. The top industries, including Healthcare & Social Assistance, Retail Trade, and Manufacturing, suggest a stable employment base, which can drive demand for housing and support real estate investments.
What are the implications of McMinnville's commute times and health insurance coverage for real estate investors?
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The average commute time of 22.1 minutes, with 74.1% of commuters driving alone and 7.3% working from home, indicates a manageable and somewhat flexible commute environment. Combined with a high health insurance coverage rate of 95.1%, this suggests a population with access to employment and healthcare, potentially leading to a more stable tenant base for investors.
How do the poverty rate and income inequality in McMinnville affect the quality of tenants and the overall investment stability?
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The poverty rate of 12.2% and a GINI coefficient of 0.421 suggest that while there is some level of income inequality, the overall economic stability and low poverty rate contribute to a working-class market with employment stability. This, coupled with the high health insurance coverage, indicates a potentially reliable tenant base for real estate investors.
What insights can be gleaned from McMinnville's housing market statistics, such as median property value and homeownership rate, for investment purposes?
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The median property value of $283,400 and a homeownership rate of 64.2% suggest a relatively stable and potentially growing housing market. With median property taxes of $2,845, investors should consider both the appreciation potential of properties and the rental yield in a market where 35.8% of the population rents, offering a balanced investment opportunity.
McMinnville OR Real Estate & City Facts
Key facts and real estate information about McMinnville OR.
What are some of the best neighborhoods to live in McMinnville?
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Some of the best neighborhoods to live in McMinnville include Orchard Park, St. Joseph, and Downtown McMinnville. These areas are known for their family-friendly environment, safe surroundings, and proximity to local amenities. Additionally, surrounding areas like Newberg, Dundee, and Sheridan are also worth considering for their charm and community feel.
What are some fun things to do in McMinnville?
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McMinnville has a lot to offer when it comes to things to do. You can cycle among the vineyards, groove at a music festival, catch some live theater, shop in our charming downtown boutiques, or visit an art gallery. Some popular attractions include the Evergreen Aviation & Space Museum, Maysara Winery, and various wine tastings and vineyards. Downtown McMinnville's Third Street corridor is also a must-visit, with its inviting atmosphere, mom-and-pop boutiques, artisan shops, farm-to-table restaurants, cozy cafes, and more.
What is the food scene like in McMinnville?
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McMinnville's food scene is thriving, with a focus on farm-to-table cuisine and award-winning fine dining. Some popular restaurants include La Rambla Restaurant & Bar, Crescent Cafe, Pura Vida Cocina, Thistle, Grounded Table, and Cypress. You can also find great comfort food, Latin and Spanish cuisine, and American cafes. The city's downtown area is particularly notable for its dining options, with many restaurants and cafes within walking distance of each other.
What are the pros and cons of living in McMinnville?
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Living in McMinnville has its pros and cons. On the plus side, the city has a charming downtown area, a strong sense of community, and plenty of opportunities for outdoor activities like cycling and wine tasting. However, some areas of the city may be more affordable than others, and traffic can be a issue in certain parts of town. Additionally, while McMinnville has a lot to offer, it may not have the same level of diversity or nightlife as larger cities. Ultimately, the pros and cons will depend on your individual preferences and priorities.
Is McMinnville a good place to live?
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McMinnville can be a great place to live, depending on what you're looking for. The city has a lot to offer, from its charming downtown area to its outdoor activities and community events. While it may not be perfect, McMinnville's pros often outweigh its cons, making it a desirable choice for those who value a small-town feel, a strong sense of community, and easy access to nature and local amenities. As with any city, it's worth doing your research and weighing the pros and cons 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 McMinnville OR Commercial Property: $53,419
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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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