Mead, WA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Mead, Washington Market population: 7K. Explore income-producing properties with verified cap rates and operating...
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3 properties found
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π Avg Property Tax Rate For Mead WA Properties: 0.9000%
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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
π Average Income For Mead WA Commercial Property: $61,442
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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
Investor Questions For Mead WA
Common questions from investors exploring commercial real estate in Mead WA.
What's the overall investment potential of Mead, WA, considering its demographics and economy?
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Mead, WA, with a population of 7,446 and a median age of 41.8, presents a stable investment environment, given its low poverty rate of 6.9% and high health insurance coverage of 94.2%, indicating a relatively secure and healthy population. The top industries, including Finance & Insurance and Public Administration, contribute to a median household income of $61,442, suggesting a strong economic foundation. Additionally, the ethnic diversity, led by White and White Non-Hispanic populations, alongside a low foreign-born rate of 2.1%, points to a cohesive community.
How does the commute time and method impact the quality of life for residents and, by extension, real estate investment?
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The average commute time of 25.7 minutes in Mead, WA, combined with the top commute methods being driving alone, working from home, and carpooling, suggests a flexible and manageable commute environment. This, paired with a high health insurance rate of 94.2%, indicates a good quality of life, which can attract and retain residents, thereby supporting real estate investment. The relatively low poverty rate of 6.9% further reinforces the stability of the local workforce and residential market.
What role does the homeownership rate and property value play in assessing the real estate investment potential in Mead, WA?
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With a homeownership rate of 87.5% and a median property value of $189,800, Mead, WA, demonstrates a strong preference for owning over renting, which can impact rental yields. However, the high homeownership rate also suggests stability in the community, which can be beneficial for long-term investments. Considering the median property taxes are $2,401, investors should weigh the costs against the potential for property appreciation and rental income in a market with a relatively low poverty rate of 6.9% and diverse top industries.
How does ethnic diversity and the presence of top industries influence market demand for real estate in Mead, WA?
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The ethnic diversity in Mead, WA, led by White and White Non-Hispanic populations, alongside a small but present Hispanic community, contributes to a culturally rich environment that can attract a variety of residents. The top industries, including Finance & Insurance and Public Administration, not only provide employment opportunities but also suggest a demand for housing that can accommodate professionals and families. This demand, coupled with a low poverty rate of 6.9% and a high health insurance rate of 94.2%, indicates a stable and potentially growing market for real estate investments.
What insights can be gleaned from the income inequality and employment population for real estate investment strategies in Mead, WA?
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The GINI coefficient of 0.406 indicates a moderate level of income inequality in Mead, WA, which, when considered alongside an employed population of 3,355 and a median household income of $61,442, suggests that there is a sizable middle class. This demographic can support both rental and ownership markets. The low poverty rate of 6.9% and high health insurance coverage of 94.2% further suggest that the workforce is relatively stable and secure, making it an attractive consideration for investors looking to tap into a reliable tenant or buyer market.
Mead WA Real Estate & City Facts
Key facts and real estate information about Mead WA.
What are some of the best neighborhoods to live in Mead?
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Some of the best neighborhoods to live in Mead, WA, are Mt Spokane, which is a peaceful and family-friendly area known for its beautiful tree-lined streets. Other desired areas tend to be in the northeast parts of the city, while more affordable homes are in the west regions.
What are some fun things to do in Mead?
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There are several fun things to do in Mead, WA, such as visiting the Cat Tales Wildlife Center, Big Barn Brewing Company, and Mrs. Kalin's Barn. You can also explore the great outdoors by hiking or biking on one of the many trails in the area, including those found on AllTrails.
What is the food scene like in Mead?
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The food scene in Mead, WA, offers a variety of options, including Cinola Restaurant & Lounge, Maw Phin Thai Cuisine, and Hop Mountain Taproom and Grill. There are also plenty of great food trucks and other local eateries to try.
What are the pros and cons of living in Mead?
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The pros of living in Mead, WA, include its peaceful and family-friendly atmosphere, beautiful outdoor spaces, and a variety of local restaurants and activities. However, some cons may include the limited number of job opportunities and a relatively high cost of living compared to other areas in the state.
Is Mead a good place to live?
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Overall, Mead, WA, can be a great place to live for those who value a peaceful and family-friendly atmosphere, with plenty of opportunities to enjoy the great outdoors. While it may have some drawbacks, such as limited job opportunities, the pros can outweigh the cons for many people.
β 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
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