New Prague, MN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in New Prague, Minnesota Market population: 7K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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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
đ Avg Property Tax Rate For New Prague MN Properties: 1.2100%
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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 Prague MN
Common questions from investors exploring commercial real estate in New Prague MN.
What's the overall investment outlook for New Prague, MN?
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New Prague presents a stable investment market, with a median household income of $61,296 and a relatively low poverty rate of 5.2%, indicating a strong potential for rental income and property appreciation, especially considering the high health insurance coverage rate of 97.0% and the diverse economy driven by top industries like Finance & Insurance and Manufacturing.
How does the local economy impact real estate investment in New Prague?
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The local economy, driven by industries such as Finance & Insurance, Transportation & Warehousing, and Manufacturing, supports a median household income of $61,296, which, combined with a low poverty rate of 5.2% and high employment rate, suggests a stable tenant base and potential for long-term property value growth, further enhanced by the area's ethnic diversity, including a prominent White and White Non-Hispanic population.
What are the key factors influencing property values in New Prague?
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Property values in New Prague, with a median of $201,700, are influenced by factors such as the high homeownership rate of 78.0%, low poverty rate of 5.2%, and the area's relatively low income inequality, as indicated by a GINI coefficient of 0.416, suggesting a stable and potentially appreciating housing market, especially when considering the average commute time of 31.7 minutes and high health insurance coverage rate of 97.0%.
How does the commute and transportation infrastructure affect the real estate market in New Prague?
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The average commute time of 31.7 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a manageable and flexible commute infrastructure, which, when combined with the area's low poverty rate of 5.2% and high health insurance coverage of 97.0%, suggests a desirable quality of life for residents and a stable market for real estate investors, particularly those interested in the Finance & Insurance and Manufacturing sectors.
What role does demographic diversity play in the investment potential of New Prague?
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The demographic diversity of New Prague, featuring a mix of White, White Non-Hispanic, and Hispanic populations, alongside a foreign-born rate of 2.1%, contributes to a vibrant community, which, when considered alongside the area's strong economic indicators such as a median household income of $61,296 and low poverty rate of 5.2%, suggests a resilient and potentially growing real estate market, supported by a diverse and stable workforce employed in industries like Transportation & Warehousing and Manufacturing.
New Prague MN Real Estate & City Facts
Key facts and real estate information about New Prague MN.
What are some of the best neighborhoods to live in New Prague?
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Some of the best neighborhoods to live in New Prague include New Prague South, which is a charming and family-friendly area with beautiful surroundings and a welcoming community. Other desirable areas tend to be in the southwest parts of the city, while more affordable homes can be found in the south regions.
What are some fun things to do in New Prague?
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There are plenty of fun things to do in New Prague, such as visiting the Next Chapter Winery, Giesenbräu Bier Co, and the Gopher State Railway Museum. You can also explore the outdoors at Cedar Lake Farm, which offers swimming, fishing, and hiking along scenic trails. Additionally, you can check out the quirky shops and attractions in the area, such as the Farmhouse Market.
What is the food scene like in New Prague?
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The food scene in New Prague is diverse and exciting, with a range of restaurants to choose from. Some popular options include Gary's Supper Club, Porterhouse Steak and Seafood, and Mystic Steakhouse. You can also find great outdoor dining spots, such as The Local 105 and 1319 Woodfire Tavern. For a unique experience, be sure to check out Ettlin's Cafe Field Kitchen, a food truck turned restaurant. And for a taste of authentic Chinese cuisine, head to China Royal of New Prague.
What are the pros and cons of living in New Prague?
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Living in New Prague has its pros and cons. On the plus side, the city offers a charming small-town feel, with a strong sense of community and beautiful surroundings. The median household income is also relatively high, and the poverty rate is low. However, some downsides include a relatively high cost of living, and limited job opportunities in certain industries. Additionally, the city's population is growing rapidly, which can put a strain on local resources and infrastructure.
Is New Prague a good place to live?
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Overall, New Prague is a great place to live, offering a unique blend of small-town charm and modern amenities. While it may have its drawbacks, the city's strong sense of community, beautiful surroundings, and relatively high standard of living make it an attractive option for families, young professionals, and retirees alike. As with any city, it's essential to weigh the pros and cons and consider your individual needs and priorities before making a decision.
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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
đ Average Income For New Prague MN Commercial Property: $61,296
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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
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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
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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
â 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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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
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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
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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
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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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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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