Roanoke Rapids, NC High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Roanoke Rapids, North Carolina Market population: 16K. 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 Roanoke Rapids NC Properties: 1.7800%
⭐ 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 Roanoke Rapids NC
Common questions from investors exploring commercial real estate in Roanoke Rapids NC.
What's the overall investment potential of Roanoke Rapids, NC?
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The city's 23.4% poverty rate and $34,975 median household income suggest a working-class market, but the 88.7% health insurance coverage and 16.9-minute average commute time indicate a relatively stable population with access to employment opportunities, particularly in top industries like Transportation & Warehousing and Manufacturing.
How does the local economy impact real estate investment in Roanoke Rapids?
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The employed population of 5,805 and top industries like Public Administration and Manufacturing contribute to a stable economic base, while the GINI coefficient of 0.463 and 23.4% poverty rate highlight income inequality, which investors should consider when assessing rental yields and property appreciation.
What role does ethnic diversity play in the local real estate market?
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The city's ethnic diversity, with 36.1% White, 34.7% White Non-Hispanic, and 21.7% Black populations, can contribute to a vibrant and inclusive community, which may attract a wide range of tenants and support demand for rental properties, especially in areas with convenient commute options like the 16.9-minute average commute time.
How do quality-of-life metrics like health insurance coverage and commute time impact market stability?
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The 88.7% health insurance coverage and 16.9-minute average commute time in Roanoke Rapids suggest a relatively stable and healthy population, which can contribute to lower tenant turnover rates and more consistent rental income, making it an attractive option for investors seeking predictable returns.
What are the key factors to consider when evaluating property investment opportunities in Roanoke Rapids?
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Investors should consider the city's median property value of $112,100, median property taxes of $3,519, and homeownership rate of 50.6%, as well as the poverty rate, health insurance coverage, and commute time, to assess the overall investment potential and potential for long-term appreciation, particularly in areas with strong demand from the local workforce in top industries like Transportation & Warehousing and Manufacturing.
Roanoke Rapids NC Real Estate & City Facts
Key facts and real estate information about Roanoke Rapids NC.
What are some of the best neighborhoods to live in Roanoke Rapids?
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Some of the best neighborhoods to live in Roanoke Rapids include South Rosemary, which is a quiet and family-friendly area with plenty of parks. Other desirable areas tend to be in the north parts of the city, while more affordable homes can be found in the west regions. Neighborhoods like Williamson Road are also popular, although it's worth noting that the quality of the area can vary.
What are some fun things to do in Roanoke Rapids?
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There are plenty of fun things to do in Roanoke Rapids, including visiting the Roanoke Canal Museum and Trail, exploring the Historic Halifax State Historic Site, and enjoying the outdoors at Medoc Mountain State Park. You can also catch a show at the Carolina Crossroads Amphitheatre or visit the Roanoke Rapids Theatre. For some local flavor, be sure to check out the Wilmington and Weldon Railroad and the Chockoyotte Creek Aqueduct.
What is the food scene like in Roanoke Rapids?
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The food scene in Roanoke Rapids is diverse and delicious, with plenty of great restaurants to choose from. Some popular spots include Haggerty's Steakhouse, Oscar's Restaurant, and Romas Pizza Pasta and Subs. You can also find great Mexican food at San Jose Mexican Restaurant, Japanese cuisine at Fuji Japanese Steakhouse, and Italian dishes at Napoli Italian Restaurant. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Roanoke Rapids?
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The pros of living in Roanoke Rapids include its small-town charm, outdoor recreational opportunities, and a growing food and arts scene. However, some cons include a relatively high poverty rate and limited job opportunities in certain industries. Additionally, some areas of the city may have a higher crime rate or less desirable living conditions. Overall, it's a good idea to weigh the pros and cons carefully and consider factors like your lifestyle, budget, and personal preferences when deciding whether Roanoke Rapids is right for you.
Is Roanoke Rapids a good place to live?
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Whether or not Roanoke Rapids is a good place to live depends on your individual needs and preferences. On the one hand, the city offers a unique blend of small-town charm and outdoor recreation, with plenty of opportunities to get involved in the local community. On the other hand, it may not be the best fit for everyone, particularly those looking for a more urban or fast-paced lifestyle. Ultimately, it's a good idea to visit Roanoke Rapids and get a feel for the city 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 Roanoke Rapids NC Commercial Property: $34,975
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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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