Pasco, WA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Pasco, Washington Market population: 64K. 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 Pasco WA Properties: 0.7100%
⭐ 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 Pasco WA
Common questions from investors exploring commercial real estate in Pasco WA.
What is the overall investment potential of Pasco, WA, considering its demographic and economic factors?
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Pasco, WA, with a population of 63,560 and a median age of 28.1, presents a diverse market with top ethnicities including White, Hispanic, and White Non-Hispanic, suggesting a culturally rich environment. The median household income of $53,571, combined with a poverty rate of 16.0% and a health insurance coverage of 84.9%, indicates a working-class market with employment stability. The average commute time of 21.3 minutes and top commute methods like driving alone and carpooling also suggest solid infrastructure for renters.
How does the ethnic diversity and industry mix in Pasco, WA, impact the demand for real estate investments?
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The ethnic diversity in Pasco, WA, with White, Hispanic, and White Non-Hispanic being the top ethnicities, contributes to a vibrant community that can attract a wide range of tenants. The top industries, including Information, Finance & Insurance, and Public Administration, provide a stable employment base, which, when combined with the foreign-born rate of 25.1%, suggests a strong demand for housing from a diverse and potentially growing workforce.
What are the implications of the poverty rate and health insurance coverage on the quality of tenants in Pasco, WA?
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The poverty rate of 16.0% in Pasco, WA, although relatively high, is somewhat mitigated by the health insurance coverage rate of 84.9%, indicating that a significant portion of the population has access to healthcare, which can be a factor in tenant stability. This combination suggests a working-class market where tenants may have employment but face financial challenges, making affordable housing options attractive.
How do the commute times and methods in Pasco, WA, affect the attractiveness of the area for real estate investment?
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The average commute time of 21.3 minutes in Pasco, WA, is relatively short, and the top commute methods of driving alone, carpooling, and working at home suggest flexibility and convenience for residents. This, combined with the median property value of $156,800 and median property taxes of $11,998, makes the area attractive for both renters and buyers, potentially leading to a stable and appreciating real estate market.
What role does the GINI coefficient and employment population play in assessing the investment stability of Pasco, WA?
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The GINI coefficient of 0.398 in Pasco, WA, indicates a moderate level of income inequality, which, when considered alongside the employed population of 26,874, suggests that while there are economic challenges, there is also a significant workforce contributing to the local economy. This balance, coupled with the homeownership rate of 68.8%, points to a relatively stable investment environment where both rental and ownership opportunities can thrive.
Pasco WA Real Estate & City Facts
Key facts and real estate information about Pasco WA.
What are some of the best neighborhoods to live in Pasco?
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Some of the best neighborhoods to live in Pasco include Chiawana Park, West Pasco, Riverview, Eagle Crest, and Spencer Estates. These neighborhoods offer a range of amenities, including river views, family-friendly environments, and new developments.
What are some fun things to do in Pasco?
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There are plenty of fun things to do in Pasco, including visiting Sacajawea State Park, the Franklin County Historical Society and Museum, and the Ice Harbor Dam. You can also enjoy outdoor activities like hiking at Badger Mountain, kayaking, or stand-up paddleboarding. Additionally, the city hosts various local events and has a number of parks and recreational activities to explore.
What is the food scene like in Pasco?
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The food scene in Pasco is diverse and offers a range of options, including Mexican restaurants like Hacienda Del Sol and Fiesta Mexican Resturant, Indian cuisine at Love Curry Indian Cuisine, and American fare at Country Mercantile. There are also plenty of great food trucks and local eateries to try, such as Bucketz Bar N Grill and The Social Restaurant and Bar.
What are the pros and cons of living in Pasco?
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The pros of living in Pasco include its family-friendly environment, outdoor recreational opportunities, and a growing food scene. However, some cons include a relatively high crime rate and a need for more diverse employment opportunities. Additionally, some areas of the city may have more affordable housing options, while others may be more expensive.
Is Pasco a good place to live?
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Pasco can be a good place to live, depending on your individual preferences and priorities. The city offers a range of amenities, including outdoor recreational opportunities, a growing food scene, and a family-friendly environment. However, it's essential to weigh the pros and cons, considering factors like crime rate, employment opportunities, and housing affordability, to determine if Pasco is the right fit for you.
⭐ 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 Pasco WA Commercial Property: $53,571
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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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