Santa Teresa, NM High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Santa Teresa, New Mexico Market population: 4K. Browse multifamily, office, retail, industrial, and mixed-use...
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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 Santa Teresa NM 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 Santa Teresa NM
Common questions from investors exploring commercial real estate in Santa Teresa NM.
What's the overall investment potential of Santa Teresa, NM, considering its demographics and economy?
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The city's median household income of $41,176, combined with a poverty rate of 28.8% and a health insurance coverage of 87.0%, suggests a relatively stable market with a mix of working-class and more affluent residents, which can be attractive for investors looking for a balanced rental market. The top industries, including Educational Services and Health Care, also indicate a diverse economy. Additionally, the city's ethnic diversity, with 40.2% Hispanic and 36.8% White populations, can contribute to a vibrant and resilient community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Santa Teresa, NM?
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The average commute time of 25.9 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a relatively convenient and flexible transportation infrastructure, which can enhance the quality of life for residents and attract potential renters. This, combined with the city's health insurance coverage of 87.0% and a median age of 31.2, suggests a population with a decent work-life balance and access to necessary services.
What are the implications of the poverty rate and income inequality for real estate investors in Santa Teresa, NM?
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The poverty rate of 28.8% and a GINI coefficient of 0.419 suggest that there may be a significant portion of the population that is price-sensitive and looking for affordable housing options, which can be an opportunity for investors to provide affordable rentals. However, the median household income of $41,176 and the top industries, including Finance and Insurance, also indicate a potential for more affluent residents, allowing for a diversification of investment strategies.
How does the ethnic diversity and industry mix in Santa Teresa, NM, impact the demand for housing and real estate investments?
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The city's ethnic diversity, with a mix of Hispanic, White, and White Non-Hispanic populations, can contribute to a strong demand for housing, particularly for rentals that cater to diverse family sizes and structures. The top industries, including Educational Services, Health Care, and Finance, also indicate a potential for a stable and growing workforce, which can drive demand for housing and support real estate investments.
What are the key factors that investors should consider when evaluating the housing market in Santa Teresa, NM, for potential investments?
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Investors should consider the median property value of $153,300, median property taxes of $907, and a homeownership rate of 65.5%, which suggest a relatively affordable housing market with a mix of ownership and rental opportunities. Additionally, the city's poverty rate, health insurance coverage, and commute time should be evaluated in conjunction with the top industries and ethnic diversity to assess the overall stability and potential for growth in the housing market.
Santa Teresa NM Real Estate & City Facts
Key facts and real estate information about Santa Teresa NM.
What are some of the best neighborhoods to live in Santa Teresa?
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Some of the best neighborhoods to live in Santa Teresa, NM are Country Club, The Willows, Valley Creek South, High Ridge, Bear Ridge, Kern Place, Thunderbird, Chaparral Park North, Upper Mesa Hills, West Valley, Sunset Heights, Valley Creek North, Cielo Vista East, Sunland Park North, Montoya Heights, Mission Hills North, Album, Castner Heights, North Hills East, Manhattan Heights
What are some fun things to do in Santa Teresa?
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There are plenty of fun things to do in Santa Teresa, NM, such as visiting the White Sands National Park, exploring the downtown area, and checking out the War Eagles Air Museum. You can also spend an afternoon exploring the galleries and boutiques, or enjoy a delicious meal at one of the many restaurants in the area.
What is the food scene like in Santa Teresa?
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The food scene in Santa Teresa, NM is diverse and exciting, with a range of restaurants serving everything from fine dining to casual eats. Some popular restaurants in the area include Billy Crews Fine Dining, Chase the Taste, Kala Bajamed, and The Crab Station. There are also plenty of great food trucks and cafes to check out.
What are the pros and cons of living in Santa Teresa?
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The pros of living in Santa Teresa, NM include its family-friendly environment, dog-friendly parks, and safe and quiet neighborhoods. However, some cons include the limited job opportunities and higher cost of living compared to other parts of the state. Overall, Santa Teresa is a great place to live for those who value a relaxed and peaceful lifestyle.
Is Santa Teresa a good place to live?
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Yes, Santa Teresa, NM is a good place to live, offering a unique blend of small-town charm and natural beauty. With its friendly community, outdoor recreational opportunities, and growing food scene, Santa Teresa is an attractive option for those looking to relocate to a quieter and more relaxed part of the state.
⭐ 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 Santa Teresa NM Commercial Property: $41,176
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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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