McPherson, KS High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in McPherson, Kansas Market population: 13K. 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 McPherson KS Properties: 1.4700%
⭐ 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 McPherson KS
Common questions from investors exploring commercial real estate in McPherson KS.
What's the overall investment outlook for McPherson, KS, considering its demographics and economy?
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McPherson, KS, with a population of 13,196 and a median age of 38.2, presents a stable investment environment, given its relatively low poverty rate of 10.3% and a high health insurance coverage rate of 92.1%, indicating a financially stable community. The top industries, including Transportation & Warehousing and Finance & Insurance, contribute to a diverse economy, while the median household income of $53,338 suggests a decent standard of living. This, combined with an average commute time of just 10.7 minutes, mostly driven by those who drive alone or carpool, points to a convenient and accessible location for residents.
How does the ethnic diversity and foreign-born rate impact the demand for real estate in McPherson, KS?
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The ethnic diversity in McPherson, KS, with White and White Non-Hispanic populations being predominant, alongside a small but present Hispanic community, suggests a relatively homogeneous market. However, the low foreign-born rate of 2.1% might indicate less demand from international buyers or renters. Still, the stability provided by a high homeownership rate of 67.4% and a median property value of $124,400 could attract local buyers and long-term investors, especially considering the strong employment in industries like Manufacturing and Finance & Insurance.
What are the implications of the poverty rate and health insurance coverage for real estate investors in McPherson, KS?
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The poverty rate of 10.3% in McPherson, KS, although lower than many areas, when considered alongside the high health insurance coverage rate of 92.1%, suggests a working population with access to healthcare, indicating potential stability in rental income. This, coupled with a short average commute time of 10.7 minutes and prevalent use of personal vehicles for commuting, points to a practical and desirable location for working individuals and families, making it an attractive market for investors looking for reliable tenants.
How do the top industries in McPherson, KS, influence the local real estate market?
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The presence of top industries such as Transportation & Warehousing, Finance & Insurance, and Manufacturing in McPherson, KS, contributes to a diverse and relatively stable economy. This diversity can lead to a consistent demand for housing, both for purchase and rent, as employees in these sectors look for convenient and affordable living options. Given the median property taxes are $3,982 and the median gross rent is $844, investors might find opportunities in catering to the housing needs of workers in these industries, especially considering the favorable commute times and methods.
What role does the GINI coefficient and income inequality play in assessing real estate investment potential in McPherson, KS?
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The GINI coefficient of 0.402 in McPherson, KS, indicates a moderate level of income inequality. When considered alongside the median household income of $53,338 and the poverty rate of 10.3%, it suggests that while there is some disparity, the overall economic conditions are favorable. This, combined with a high health insurance rate and short commute times, may attract investors looking for a balanced market with potential for both rental income and property appreciation, especially in a community with a strong sense of stability and relatively low inequality compared to other areas.
McPherson KS Real Estate & City Facts
Key facts and real estate information about McPherson KS.
What are some of the best neighborhoods to live in McPherson?
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Some of the best neighborhoods to live in McPherson include Lindsborg, Union Township, and the neighborhoods around McPherson College. These areas offer a mix of historic homes, family-friendly parks, and a strong sense of community. Additionally, neighborhoods like Maxwell Wildlife Refuge and Hess Park offer a more rural feel with easy access to outdoor recreation.
What are some fun things to do in McPherson?
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McPherson has a variety of attractions and activities to enjoy, including the McPherson Museum and Arts Foundation, the McPherson Opera House, and the McPherson Water Park. Visitors can also explore the city's historic downtown area, take a stroll along the creek walk, or visit the Maxwell Wildlife Refuge. For some local flavor, be sure to check out the McPherson Mural Collection and take a historical trolley tour.
What is the food scene like in McPherson?
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The food scene in McPherson is a mix of classic American comfort food, Italian cuisine, and local favorites. Some popular restaurants include Hank's Place, The Boiler House, and Neighbors Cafe. There are also plenty of great food trucks and specialty shops to explore. For a taste of the local culture, be sure to try some of the city's famous BBQ or attend one of the many food festivals throughout the year.
What are the pros and cons of living in McPherson?
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One of the pros of living in McPherson is its strong sense of community and small-town charm. The city also has a relatively low cost of living and a variety of outdoor recreational opportunities. However, some cons include limited job opportunities in certain industries and a lack of diversity in the local economy. Additionally, the city's rural location can make it difficult to access certain amenities or services. Overall, McPherson is a great choice for those looking for a tight-knit community and a relaxed pace of life.
Is McPherson a good place to live?
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McPherson is a great place to live for those who value a strong sense of community, outdoor recreation, and a relaxed pace of life. The city has a lot to offer, from its historic downtown area to its many parks and trails. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, McPherson is definitely worth considering for those who want to experience the best of small-town Kansas.
⭐ 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 McPherson KS Commercial Property: $53,338
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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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