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Three Lakes, WA High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Three Lakes, Washington Market population: 16K. Explore income-producing properties with verified cap rates and...

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⭐ Featured

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF

πŸ“Š Avg Property Tax Rate For Three Lakes FL Properties: 0.6085%

πŸ“Š Average Income For Three Lakes FL Commercial Property: $72,638

Investor Questions For Three Lakes FL

Common questions from investors exploring commercial real estate in Three Lakes FL.

What's the overall investment potential of Three Lakes, FL, considering its demographics and economy? +
The city's median household income of $72,638, combined with a relatively low poverty rate of 11.2% and high health insurance coverage of 87.7%, suggests a stable market with a strong potential for rental income. Additionally, the top industries, including Information and Finance & Insurance, indicate a diverse economy that can support a wide range of tenants.
How does the ethnic diversity and foreign-born population impact the local real estate market? +
The city's ethnic diversity, with 37.8% White, 33.2% Hispanic, and 12.9% White Non-Hispanic populations, contributes to a vibrant cultural scene, which can attract a variety of residents and support local businesses. Furthermore, the 24.5% foreign-born rate may lead to increased demand for rental properties, particularly in areas with easy access to public transportation, such as those with a 34.5-minute average commute time.
What are the key factors to consider when evaluating the quality of life for potential tenants in Three Lakes, FL? +
The average commute time of 34.5 minutes, top commute methods including driving alone and working from home, and a high health insurance coverage rate of 87.7% all contribute to a relatively high quality of life. Moreover, the city's low poverty rate of 11.2% and median household income of $72,638 suggest a stable and secure environment that can attract reliable tenants.
How do the local economy and industry diversity impact the demand for real estate in Three Lakes, FL? +
The presence of top industries such as Information, Finance & Insurance, and Public Administration suggests a diverse and resilient local economy, which can drive demand for real estate. Additionally, the city's median property value of $213,500 and median property taxes of $3,739 indicate a relatively stable and affordable housing market, making it an attractive option for both investors and tenants.
What role do the city's demographics, such as age and income, play in determining its investment potential? +
The city's median age of 33.4 and median household income of $72,638 indicate a relatively young and affluent population, which can contribute to a strong demand for housing and support local economic growth. Furthermore, the Gini coefficient of 0.381 suggests a moderate level of income inequality, which, combined with the low poverty rate of 11.2%, may lead to a stable and secure rental market with a mix of short-term and long-term tenants.

Three Lakes FL Real Estate & City Facts

Key facts and real estate information about Three Lakes FL.

What are some of the best neighborhoods to live in Three Lakes? +
Some of the best neighborhoods to live in Three Lakes include the area near SW 137th Avenue and SW 152nd Street, just west of the Florida Turnpike. You can find homes with boat launches and private docks, and the neighborhood is known for its serene lakes and lush greenery. It's a friendly community with a mix of families and individuals.
What are some fun things to do in Three Lakes? +
There are plenty of fun things to do in Three Lakes, such as visiting the Coral Castle, taking a boat tour with Miami On The Water, or exploring the Everglades with Everglades Day Safari. You can also enjoy the sunshine and natural scenery, and explore the tiny corners of fun scattered around Three Lakes.
What is the food scene like in Three Lakes? +
The food scene in Three Lakes is diverse and exciting, with plenty of great restaurants to choose from. Some top-rated restaurants include Hate Mondays Tavern, Pilon Miami, FreshCo Fish Market & Grill, Zaytona Grill, and Sergio's Restaurant. There are also plenty of great food trucks and outdoor dining options available.
What are the pros and cons of living in Three Lakes? +
The pros of living in Three Lakes include its beautiful lakes and natural scenery, friendly community, and plenty of fun things to do. However, some cons include the potential for traffic and congestion, and the need for a car to get around. Additionally, some areas of Three Lakes may be prone to flooding or other environmental issues.
Is Three Lakes a good place to live? +
Overall, Three Lakes is a great place to live, with its beautiful lakes, friendly community, and plenty of fun things to do. While there may be some drawbacks, such as traffic and congestion, the pros outweigh the cons for many people. If you're looking for a peaceful and scenic place to call home, Three Lakes may be an excellent choice.
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