Somerdale, NJ High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Somerdale, New Jersey Market population: 6K. Explore income-producing properties with verified cap rates and...
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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 Somerdale NJ Properties: 3.2800%
⭐ 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 Somerdale NJ
Common questions from investors exploring commercial real estate in Somerdale NJ.
What's the overall investment potential of Somerdale, NJ?
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Somerdale, NJ offers a stable investment market with a median household income of $73,419, a relatively low poverty rate of 6.3%, and a high health insurance coverage rate of 95.1%, indicating a reliable tenant base. The top industries, including Health Care & Social Assistance, Retail Trade, and Manufacturing, contribute to a diverse economy. With a median property value of $193,400 and a homeownership rate of 74.2%, Somerdale presents a promising opportunity for real estate investors.
How does the local economy impact rental demand?
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The diverse economy of Somerdale, driven by Health Care & Social Assistance, Retail Trade, and Manufacturing, creates a steady demand for rentals. The employed population of 2,811 and a median household income of $73,419 suggest a stable workforce, while the average commute time of 32.4 minutes and public transit usage indicate convenient access to job centers. This combination supports a robust rental market.
What's the quality of life like for residents and tenants?
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Somerdale, NJ offers a desirable quality of life, with an average commute time of 32.4 minutes, a high health insurance coverage rate of 95.1%, and a relatively low poverty rate of 6.3%. The top commute methods, including driving alone, public transit, and working from home, provide flexibility and convenience. These factors contribute to a stable and attractive environment for residents and tenants, making it an appealing location for real estate investment.
How does the ethnic diversity of Somerdale impact the local market?
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The ethnic diversity of Somerdale, with a mix of White (63.2%), Black or African American (21.5%), and Asian (10.3%) populations, contributes to a vibrant and inclusive community. This diversity, combined with a foreign-born rate of 23.1%, can drive demand for housing and support local businesses, particularly in the Retail Trade and Health Care & Social Assistance sectors. As a result, Somerdale's diversity can lead to a more resilient and dynamic local market.
What are the key factors to consider when evaluating investment opportunities in Somerdale?
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When evaluating investment opportunities in Somerdale, consider the median property value of $193,400, median property taxes of $8,300, and a homeownership rate of 74.2%. Additionally, the GINI coefficient of 0.43 indicates a moderate level of income inequality, while the poverty rate of 6.3% and health insurance coverage rate of 95.1% suggest a relatively stable and secure tenant base. By weighing these factors, investors can make informed decisions about the potential risks and rewards of investing in Somerdale's real estate market.
Somerdale NJ Real Estate & City Facts
Key facts and real estate information about Somerdale NJ.
What are some of the best neighborhoods to live in Somerdale?
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Some of the best neighborhoods to live in Somerdale include Broadmoor, Timberbirch, and Somerdale Rd. These neighborhoods are known for being peaceful, well-maintained, and having a strong sense of community.
What are some fun things to do in Somerdale?
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There are plenty of fun things to do in Somerdale, such as visiting the Flying Fish Brewing Company, Cooper Towne Center, and Armageddon Brewing. You can also check out the Nova Adventure Park for some trampoline fun and other activities.
What is the food scene like in Somerdale?
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The food scene in Somerdale is diverse and exciting, with options like Jalsa Indian Kitchen, Elena Wu for upscale Chinese food, and Akira for excellent Japanese food. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Somerdale?
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The pros of living in Somerdale include its peaceful and well-maintained neighborhoods, diverse food scene, and plenty of fun things to do. However, some cons might include the need for a car to get around, as public transportation options may be limited. Overall, Somerdale seems to be a great place to live for those who value community and convenience.
Is Somerdale a good place to live?
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Yes, Somerdale appears to be a good place to live, with its strong sense of community, diverse food scene, and plenty of fun things to do. While it may have some drawbacks, such as limited public transportation options, the pros seem to outweigh the cons. Ultimately, whether or not Somerdale is a good place to live will depend on your individual preferences and priorities.
⭐ 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 Somerdale NJ Commercial Property: $73,419
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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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