Millersville, TN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Millersville, Tennessee Market population: 8K. 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 Millersville PA Properties: 2.6200%
⭐ 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 Millersville PA
Common questions from investors exploring commercial real estate in Millersville PA.
What's the overall investment potential of Millersville, PA, considering its demographics and economy?
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Millersville's median household income of $42,536, combined with a poverty rate of 22.0% and a high health insurance coverage of 89.3%, suggests a relatively stable market with a mix of working-class and more affluent residents, driven by top industries like Public Administration and Finance & Insurance.
How does the city's commute time and transportation infrastructure impact rental demand?
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The average commute time of 18.8 minutes, with top commute methods including driving alone, walking, and carpooling, indicates a well-connected city with a relatively short commute, which, paired with a median property value of $168,900, could attract renters seeking convenience and affordability.
What role does ethnic diversity play in shaping the local real estate market?
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The city's ethnic diversity, with White and White Non-Hispanic populations making up 44.1% and 43.3% respectively, and a Hispanic population of 4.1%, contributes to a vibrant community, which, combined with a GINI coefficient of 0.481 indicating some income inequality, suggests a market with potential for diverse rental and buyer demand.
How do the employment rate and top industries influence the stability of the real estate market?
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With an employed population of 3,793 and top industries including Public Administration, Finance & Insurance, and Manufacturing, Millersville's economy appears relatively stable, which, considering the city's poverty rate of 22.0% and health insurance coverage of 89.3%, suggests a market with a balance of employment opportunities and social support, making it attractive for real estate investment.
What are the implications of the city's homeownership rate and property taxes for investors?
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The homeownership rate of 56.4% and median property taxes of $1,469, in the context of a median property value of $168,900 and an average household income of $42,536, indicate a relatively affordable housing market, which, paired with the city's short average commute time of 18.8 minutes and high health insurance coverage, could make Millersville an appealing location for both homeowners and renters, thus presenting opportunities for real estate investors.
Millersville PA Real Estate & City Facts
Key facts and real estate information about Millersville PA.
What are some of the best neighborhoods to live in Millersville?
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Some of the best neighborhoods to live in Millersville include Wynfield at Millersville, a 55+ community, and other family-friendly neighborhoods like Bausman. These neighborhoods offer a peaceful and safe environment, perfect for raising a family or retiring.
What are some fun things to do in Millersville?
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There are plenty of fun things to do in Millersville, including visiting the Millersville Mennonite Cemetery, exploring the Raney Cellars Brewery, and checking out the Charles R. and Anita B. Winter Visual and Performing Arts Center. You can also visit the nearby Lancaster Central Market, Cherry Hill Orchards, and other attractions in Lancaster.
What is the food scene like in Millersville?
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The food scene in Millersville is thriving, with a variety of restaurants serving delicious cuisine. Some popular spots include the Belvedere Inn, known for its new age American cuisine, and the Mad Chef, which offers a unique dining experience. There are also plenty of great breakfast and brunch spots, like the Cactus Cafe and Turning Point.
What are the pros and cons of living in Millersville?
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The pros of living in Millersville include its peaceful and safe environment, family-friendly neighborhoods, and access to nearby attractions in Lancaster. However, some cons include the limited number of things to do within Millersville itself, and the need to drive to nearby cities for more entertainment options. Overall, Millersville is a great place to live for those who value a quiet and community-oriented lifestyle.
Is Millersville a good place to live?
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Yes, Millersville is a good place to live, especially for families and retirees who value a peaceful and safe environment. While it may not have all the amenities and entertainment options of a larger city, it offers a unique blend of small-town charm and access to nearby attractions. With its thriving food scene and community-oriented lifestyle, Millersville is definitely worth considering as a place to call home.
⭐ 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 Millersville PA Commercial Property: $42,536
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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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