North Plainfield, NJ High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in North Plainfield, New Jersey Market population: 22K. Explore income-producing properties with verified cap rates...
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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 North Plainfield NJ Properties: 8.4600%
⭐ 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 North Plainfield NJ
Common questions from investors exploring commercial real estate in North Plainfield NJ.
What is the overall investment potential of North Plainfield, NJ?
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The combination of a relatively low poverty rate of 11.1%, a high health insurance coverage rate of 82.4%, and a strong median household income of $64,503 suggests a stable investment market in North Plainfield, NJ, with a diverse population of Hispanic, White, and White Non-Hispanic residents.
How does the commute time and transportation infrastructure impact the rental market?
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The average commute time of 29 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a solid infrastructure for renters, while the diverse top industries such as Public Administration, Finance & Insurance, and Information suggest a strong demand for housing.
What are the key factors to consider when assessing tenant quality in North Plainfield, NJ?
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The poverty rate of 11.1% combined with the health insurance coverage rate of 82.4% suggests a working-class market with employment stability, and the foreign-born rate of 34.6% and top ethnicities of Hispanic, White, and White Non-Hispanic indicate a culturally diverse population.
How does the local economy and employment market impact real estate investment?
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The employed population of 12,183, low unemployment rate of 4.8%, and top industries including Public Administration, Finance & Insurance, and Information suggest a strong and stable local economy, which can support a healthy rental market and relatively high median property value of $280,800.
What are the implications of the homeownership rate and property taxes for real estate investors?
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The homeownership rate of 55.1% and median property taxes of $4,154 indicate a relatively stable housing market, while the median property value of $280,800 and average commute time of 29 minutes suggest that investors may find opportunities for long-term appreciation and rental income in North Plainfield, NJ.
North Plainfield NJ Real Estate & City Facts
Key facts and real estate information about North Plainfield NJ.
What are some of the best neighborhoods to live in North Plainfield?
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Some of the best neighborhoods to live in North Plainfield include Grove and Linden, which is known for being a clean and family-friendly area with a strong community spirit. Other desirable areas tend to be in the southwest parts of the city, while more affordable homes are in the northwest regions.
What are some fun things to do in North Plainfield?
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There are several fun things to do in North Plainfield, including visiting the Watchung Reservation for nice views and walking, and checking out the various attractions and activities listed on VisitNJ.org, such as amusements, aquariums, and breweries. You can also find highly-rated restaurants and activities on Yelp and Tripadvisor.
What is the food scene like in North Plainfield?
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The food scene in North Plainfield is diverse and offers a range of options, including American, Italian, and Mexican cuisine. Some highly-rated restaurants in the area include Texas Roadhouse, Pepe's Italian Restaurant, and Orlando's Chicken. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in North Plainfield?
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The pros of living in North Plainfield include its stable housing market, family-friendly environment, and convenient location. However, some cons include the potential for higher property taxes and a relatively high cost of living. Additionally, some areas of the city may be more desirable than others, so it's worth doing your research before deciding where to live.
Is North Plainfield a good place to live?
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Overall, North Plainfield can be a good place to live for those who value a stable and family-friendly community. While it may have its drawbacks, the city offers a range of amenities and activities, and its location makes it a convenient option for those who work in nearby cities. As with any place, it's worth weighing the pros and cons and doing your research before making a decision.
⭐ 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 North Plainfield NJ Commercial Property: $64,503
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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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