New Hope, KY High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in New Hope, Kentucky Market population: 21K. Compare commercial properties across all major asset classes...
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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 New Hope MN Properties: 1.4300%
⭐ 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 New Hope MN
Common questions from investors exploring commercial real estate in New Hope MN.
What's the overall investment outlook for New Hope, MN, considering its demographics and economy?
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New Hope's median household income of $48,377, combined with a relatively low poverty rate of 10.9% and high health insurance coverage of 92.8%, suggests a stable market with a strong foundation for real estate investment. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, and a range of top industries like Finance & Insurance and Public Administration, also contribute to its appeal. With a median property value of $192,400 and average commute time of 22.2 minutes, New Hope offers a balance of affordability and accessibility.
How does the local economy impact the rental market in New Hope, MN?
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The presence of top industries like Finance & Insurance, Public Administration, and Wholesale Trade in New Hope contributes to a stable employment market, with 9,604 employed individuals and a median household income of $48,377. This, paired with a relatively low poverty rate of 10.9% and high health insurance coverage of 92.8%, indicates a reliable tenant base. The city's average commute time of 22.2 minutes and top commute methods, including driving alone and working from home, also suggest a convenient and desirable location for renters.
What are the key factors influencing property values in New Hope, MN?
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New Hope's median property value of $192,400 is influenced by factors like its median household income of $48,377, low poverty rate of 10.9%, and high health insurance coverage of 92.8%, which all contribute to a stable and desirable market. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, and its range of top industries, also play a role in shaping property values. Additionally, the average commute time of 22.2 minutes and median property taxes of $4,761 are important considerations for investors assessing the local real estate market.
How does the city's demographic diversity impact the demand for real estate in New Hope, MN?
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New Hope's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a strong and varied demand for real estate. The city's median age of 40.2 and median household income of $48,377 also suggest a stable and established community. With a range of top industries, including Finance & Insurance and Public Administration, and a high health insurance coverage rate of 92.8%, New Hope offers an attractive environment for a wide range of residents, from young professionals to families, which can help drive demand for real estate.
What role do quality of life metrics play in assessing the stability of New Hope's real estate market?
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Quality of life metrics like the average commute time of 22.2 minutes, top commute methods, and health insurance coverage rate of 92.8% are essential in evaluating the stability of New Hope's real estate market. These factors, combined with the city's median household income of $48,377, poverty rate of 10.9%, and diverse population, suggest a high level of livability and desirability, which can contribute to a stable and growing real estate market. The city's GINI coefficient of 0.432 and homeownership rate of 54.3% also provide insight into the local economy and housing market, helping investors make informed decisions.
New Hope MN Real Estate & City Facts
Key facts and real estate information about New Hope MN.
What are some of the best neighborhoods to live in New Hope?
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Some of the best neighborhoods to live in New Hope include Hidden Valley, Northwood East, and Sunnyside. These neighborhoods are known for their walkability, family-friendly atmosphere, and abundance of parks. However, it's worth noting that the most desired areas tend to be in the west parts of the city, while more affordable homes are in the north regions.
What are some fun things to do in New Hope?
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New Hope has a variety of things to do, including visiting the New Hope Aquatic Park, exploring the Millennium Garden, and playing games at Claw World. You can also check out the city's parks and recreation department for sports activities, science, technology, arts, and crafts. Additionally, there are several churches and spas in the area, such as Hometown Church and Keys Luxury Day Spa.
What is the food scene like in New Hope?
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The food scene in New Hope is diverse, with a range of restaurants serving different cuisines. Some popular restaurants include Fat Nat's Eggs, Pub 42, and Gion Restaurant. You can also find cozy restaurants like Ciao Bella and The Block. There are also plenty of great food trucks and cafes in the area, making it easy to find something to suit your taste.
What are the pros and cons of living in New Hope?
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The pros of living in New Hope include its family-friendly atmosphere, abundance of parks, and variety of things to do. However, some cons include the fact that the most desired areas tend to be more expensive, and traffic can be a issue in certain parts of the city. Additionally, some residents have noted that the city can be quite suburban and lacks a vibrant nightlife.
Is New Hope a good place to live?
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Overall, New Hope is a great place to live for families and individuals who value a suburban lifestyle. The city has a lot to offer, from its parks and recreation department to its diverse food scene. However, it may not be the best fit for those who are looking for a more urban or vibrant atmosphere. Ultimately, whether or not New Hope is a good place to live depends on your individual preferences and priorities.
⭐ 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 New Hope MN Commercial Property: $48,377
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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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