Raceland, KY High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Raceland, Kentucky Market population: 10K. Compare commercial properties across all major asset classes with...
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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 Raceland LA Properties: 1.2300%
⭐ 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 Raceland LA
Common questions from investors exploring commercial real estate in Raceland LA.
What is the overall investment potential of Raceland, LA, considering its demographic and economic factors?
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Raceland, LA, with a population of 10,209 and a median age of 37.2, presents a unique investment opportunity, especially considering its median household income of $40,881 and a poverty rate of 18.4%, which suggests a relatively stable working-class market. The city's diverse economy, led by industries such as Wholesale Trade and Professional, Scientific, & Management Services, coupled with an average commute time of 26.5 minutes, indicates a solid infrastructure for both residents and businesses. Furthermore, the high health insurance coverage rate of 88.9% implies a level of employment stability and access to healthcare, which can be attractive for potential renters and buyers.
How does the ethnic diversity and industry mix in Raceland, LA, impact the demand for real estate?
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The ethnic diversity in Raceland, LA, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community that can attract a wide range of residents. This diversity, combined with the city's top industries such as Wholesale Trade, Professional Services, and Transportation & Warehousing, suggests a strong and varied demand for real estate, both for residential and commercial purposes. The median property value of $101,100 and median property taxes of $3,094 also make Raceland an attractive option for investors looking for relatively affordable properties with potential for appreciation.
What are the implications of Raceland, LA's, poverty rate and health insurance coverage for real estate investors?
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The 18.4% poverty rate in Raceland, LA, combined with an 88.9% health insurance coverage rate, suggests that while there are challenges related to poverty, there is also a significant portion of the population with access to employment and healthcare benefits. This mix can indicate a working-class market with some level of employment stability, which can be beneficial for real estate investors looking for tenants with reliable income sources. Additionally, the GINI coefficient of 0.45, which measures income inequality, provides further insight into the economic distribution within the city, helping investors understand the potential tenant base and market demand.
How do commute times and methods in Raceland, LA, affect the quality of life and attractiveness to potential residents?
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The average commute time of 26.5 minutes in Raceland, LA, and the top commute methods being driving alone, carpooling, and other methods, suggest that the city has relatively manageable commute times and a variety of transportation options. This can significantly impact the quality of life for residents, making Raceland more attractive to potential buyers and renters who value convenience and accessibility. When combined with the city's median household income and poverty rate, these commute factors can help investors assess the stability and desirability of the local real estate market.
What insights can be gleaned from Raceland, LA's, homeownership rate and its implications for real estate investment?
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With a homeownership rate of 78.3%, Raceland, LA, indicates a strong preference for owning over renting, which can be a positive sign for investors looking at the long-term potential of the real estate market. This high homeownership rate, coupled with the median property value and taxes, suggests a stable community with potential for property appreciation. Moreover, the employed population of 4,524 and the mix of top industries provide a foundation for economic stability, which is crucial for maintaining a healthy and attractive real estate market for both current and potential investors.
Raceland LA Real Estate & City Facts
Key facts and real estate information about Raceland LA.
What are some of the best neighborhoods to live in Raceland?
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Some of the best neighborhoods to live in Raceland include Bayou Country Club, which has a grade B+ overall niche grade and B public schools, and other areas near Downtown Thibodaux. Raceland has a rural atmosphere and is about 15 miles from Downtown Thibodaux.
What are some fun things to do in Raceland?
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There are plenty of fun things to do in Raceland, such as visiting the Louisiana's Cajun Bayou Visitor Center, taking a swamp tour, or going fishing. You can also check out the Lafourche Central Market or stay at a bed and breakfast like A Chateau on the Bayou. Additionally, there are many restaurants and hotels in the area, including Vic's Touchdown Grill and Motel 90.
What is the food scene like in Raceland?
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The food scene in Raceland is known for its Cajun cuisine, with many restaurants serving up delicious seafood and Southern comfort food. Some popular spots include Vic's Touchdown Grill, Beck's, and Spahr's Seafood. There are also plenty of great food trucks and markets in the area, such as the Lafourche Central Market. According to National Geographic, Louisiana's Cajun Bayou is home to one of the state's best food scenes.
What are the pros and cons of living in Raceland?
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The pros of living in Raceland include its rural atmosphere, friendly community, and access to outdoor activities like fishing and swamp tours. However, some cons include the limited job opportunities and higher poverty rate compared to other areas. The median household income is around $40,881, and the poverty rate is around 18.4%. Despite these challenges, Raceland has a lot to offer, including a low cost of living and a strong sense of community.
Is Raceland a good place to live?
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Raceland can be a good place to live for those who value a rural atmosphere and a strong sense of community. While it may have its challenges, such as limited job opportunities and a higher poverty rate, it also has a lot to offer, including a low cost of living, access to outdoor activities, and a delicious food scene. Ultimately, whether or not Raceland is a good place to live depends on your individual priorities and preferences.
⭐ 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 Raceland LA Commercial Property: $40,881
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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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