Socorro, NM High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Socorro, New Mexico Market population: 32K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Socorro TX Properties: 2.1100%
⭐ 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 Socorro TX
Common questions from investors exploring commercial real estate in Socorro TX.
What is the overall investment potential of Socorro, TX, considering its demographic and economic factors?
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The city's median household income of $31,075, combined with a poverty rate of 26.6% and a health insurance coverage of 68.2%, suggests a working-class market with some employment stability. The top industries, including Agriculture and Public Administration, contribute to the local economy, while the Hispanic population of 48.6% indicates a diverse market. With an average commute time of 27 minutes and a high homeownership rate of 77.1%, Socorro presents a relatively stable market for investors.
How does the ethnic diversity and industry mix in Socorro impact the demand for real estate investments?
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The city's ethnic diversity, with 48.6% Hispanic, 33.2% White, and 8.8% Other, contributes to a vibrant cultural scene, which can attract businesses and residents. The top industries, including Finance and Insurance, and Real Estate and Rental and Leasing, indicate a growing demand for commercial and residential properties. Additionally, the median property value of $79,500 and median property taxes of $6,776 make Socorro an attractive option for investors looking for affordable properties.
What are the implications of the poverty rate and health insurance coverage on the quality of tenants in Socorro?
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The poverty rate of 26.6% and health insurance coverage of 68.2% suggest that tenants may have limited financial resources, but still have access to essential healthcare services. This combination, along with an average commute time of 27 minutes and a high employment rate of 12,225, indicates a relatively stable tenant base. Investors should consider these factors when evaluating the potential for rental income and property management.
How does the commute time and transportation infrastructure in Socorro affect the quality of life for residents and investors?
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The average commute time of 27 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a relatively convenient and flexible transportation infrastructure. This, combined with a high homeownership rate of 77.1% and a median property value of $79,500, suggests that residents value the quality of life in Socorro. Investors should consider these factors when evaluating the potential for long-term appreciation and rental yields.
What are the key factors that investors should consider when evaluating the potential for real estate investments in Socorro, TX?
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Investors should consider the city's median household income, poverty rate, and health insurance coverage, as well as the top industries and ethnic diversity, to assess the demand for properties. Additionally, the average commute time, transportation infrastructure, and homeownership rate should be evaluated to understand the quality of life for residents. With a GINI coefficient of 0.449, indicating some income inequality, investors should also consider the potential for property appreciation and rental yields in different neighborhoods and sectors.
Socorro TX Real Estate & City Facts
Key facts and real estate information about Socorro TX.
What are some of the best neighborhoods to live in Socorro?
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Some of the best neighborhoods to live in Socorro, TX are Worsham/Anderson, Adobe Colonia, and the west parts of the city. These areas tend to have more affordable homes and a quieter atmosphere, making them ideal for families and individuals looking for a peaceful living environment.
What are some fun things to do in Socorro?
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There are plenty of fun things to do in Socorro, TX. You can visit the Rio Bosque Wetlands Park, explore the Bodega Loya, or play a game of billiards at the Bad Luck Bar & Billiards. Additionally, the city hosts various events and festivals throughout the year, such as the Billy The Kid Festival, which showcases the city's rich history and culture.
What is the food scene like in Socorro?
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The food scene in Socorro, TX is vibrant and diverse, with a range of restaurants serving traditional Mexican cuisine, American comfort food, and other international flavors. Some popular restaurants include La Hacienda Del Amigo, Los Pueblos Restaurant, and Mamacitas. There are also plenty of great food trucks and cafes, such as CoCol Cafe, that offer delicious and affordable options for breakfast, lunch, and dinner.
What are the pros and cons of living in Socorro?
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Living in Socorro, TX has its pros and cons. On the one hand, the city offers a rich cultural heritage, a strong sense of community, and a relatively low cost of living. On the other hand, some areas of the city can be quite rural, and job opportunities may be limited compared to larger cities. Additionally, the city's proximity to the US-Mexico border can sometimes lead to traffic and congestion. However, overall, Socorro is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Socorro a good place to live?
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Socorro, TX can be a great place to live for the right person. The city offers a unique blend of traditional Mexican culture and American small-town charm, with a strong sense of community and a relatively low cost of living. While it may not have all the amenities and job opportunities of a larger city, Socorro is a great choice for those who value a peaceful and relaxed lifestyle, with plenty of opportunities to get involved in the local community and enjoy the city's natural beauty.
⭐ 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 Socorro TX Commercial Property: $31,075
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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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