Richfield, KS High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Richfield, Kansas Market population: 36K. 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 Richfield MN Properties: 1.2900%
⭐ 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 Richfield MN
Common questions from investors exploring commercial real estate in Richfield MN.
What is the overall investment potential of Richfield, MN, considering its demographic and economic factors?
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Richfield, MN offers a stable investment market, with a median household income of $52,829, a relatively low poverty rate of 9.8%, and a high health insurance coverage rate of 90.6%, indicating a reliable tenant base. The city's diverse economy, led by industries such as Public Administration and Information, also contributes to its investment potential. Additionally, the average commute time of 21.2 minutes and high homeownership rate of 62.2% suggest a desirable quality of life for residents.
How does the ethnic diversity and foreign-born population impact the local real estate market in Richfield, MN?
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The ethnic diversity in Richfield, MN, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant and inclusive community, which can attract a wide range of tenants and buyers. The foreign-born rate of 14.5% also indicates a potential for international investment and cultural exchange, which can positively impact the local real estate market. Furthermore, the city's median property value of $190,600 and median property taxes of $9,373 suggest a relatively affordable and stable housing market.
What are the key factors to consider when evaluating the quality of life in Richfield, MN, and its impact on real estate investment?
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When evaluating the quality of life in Richfield, MN, key factors to consider include the average commute time of 21.2 minutes, which is relatively short, and the high health insurance coverage rate of 90.6%, indicating access to quality healthcare. The city's top commute methods, such as driving alone and carpooling, also suggest a well-developed transportation infrastructure. Additionally, the poverty rate of 9.8% and GINI coefficient of 0.424 provide insight into the city's socioeconomic stability and potential for investment growth.
How do the top industries in Richfield, MN, such as Public Administration and Information, influence the local real estate market?
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The top industries in Richfield, MN, including Public Administration and Information, contribute to a diverse and stable economy, which can attract a range of professionals and businesses to the area. The employed population of 18,820 and median household income of $52,829 also suggest a reliable tenant base and potential for rental income. Furthermore, the city's relatively low poverty rate of 9.8% and high health insurance coverage rate of 90.6% indicate a stable and secure environment for investment.
What are the implications of Richfield, MN's housing market, including its median property value and homeownership rate, for real estate investors?
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The median property value of $190,600 and median property taxes of $9,373 in Richfield, MN, suggest a relatively affordable and stable housing market. The homeownership rate of 62.2% also indicates a strong sense of community and potential for long-term investment growth. Additionally, the rent as a percentage of household income of 42.1% provides insight into the city's rental market and potential for rental income, making it an attractive option for real estate investors seeking a balance of affordability and profitability.
Richfield MN Real Estate & City Facts
Key facts and real estate information about Richfield MN.
What are some of the best neighborhoods to live in Richfield?
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Some of the best neighborhoods to live in Richfield include Jefferson Park, which is a clean and family-friendly area with convenient access to parks and shopping centers. Wood Lake Nature Center is also a nice area, with a beautiful nature preserve and plenty of outdoor activities. Other neighborhoods like Veterans Memorial Park and Target Store Richfield are also popular among residents.
What are some fun things to do in Richfield?
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There are plenty of fun things to do in Richfield, including visiting the Wood Lake Nature Center, playing mini-golf, and exploring the Richfield Farmers Market. You can also grab breakfast at Patrick's, shop at the local stores, or play a round of golf at one of the nearby courses. Additionally, the city hosts various events throughout the year, such as PennFest and Voyageur Curling.
What is the food scene like in Richfield?
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The food scene in Richfield is diverse and delicious, with plenty of options to suit every taste. Some popular restaurants include Patrick's French Bakery & Cafe, Pizza Luce, and El Taco Real. You can also find great Mexican food at El Tejaban Mexican Grill, or try some of the local eateries like Sandy's Tavern or Fireside. There are also plenty of great food trucks and cafes to grab a quick bite.
What are the pros and cons of living in Richfield?
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One of the pros of living in Richfield is its convenient location, with easy access to Minneapolis and other surrounding cities. The city also has a strong sense of community, with plenty of local events and activities to get involved in. However, one of the cons is that the city can be quite busy, especially during rush hour. Additionally, some areas of the city may have higher crime rates than others, so it's essential to do your research before moving to a particular neighborhood.
Is Richfield a good place to live?
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Overall, Richfield is a great place to live, with a mix of urban and suburban amenities. The city has a strong economy, good schools, and plenty of outdoor activities to enjoy. While it may have some drawbacks, such as traffic and crime, the pros outweigh the cons for many residents. With its diverse community, rich history, and exciting events, Richfield is definitely worth considering as a place to call home.
⭐ 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 Richfield MN Commercial Property: $52,829
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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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