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Trinidad, CO High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Trinidad, Colorado Market population: 9K. Explore income-producing properties with verified cap rates and operating...

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πŸ“Š Average Cap Rate For Trinidad CO Properties: 5.7%

⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

πŸ“Š Avg Property Tax Rate For Trinidad CO Properties: 0.3600%

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

Investor Questions For Trinidad CO

Common questions from investors exploring commercial real estate in Trinidad CO.

What's the overall investment potential of Trinidad, CO, considering its demographics and economy? +
Trinidad, CO's median household income of $37,204, combined with a poverty rate of 19.5% and a high health insurance coverage of 88.6%, suggests a relatively stable market with opportunities for investment, particularly in the Information and Finance sectors, which are among the top industries here.
How does the city's ethnic diversity and commute time impact the rental market? +
The diverse population, with top ethnicities including White, Hispanic, and White Non-Hispanic, contributes to a vibrant rental market, while the average commute time of 17.6 minutes, primarily by driving alone or carpooling, indicates a convenient location for renters, making it an attractive option for investors.
What are the implications of the city's GINI coefficient and homeownership rate for real estate investors? +
The GINI coefficient of 0.456, indicating moderate income inequality, and a homeownership rate of 61.9%, suggest a market with a mix of rental and owned properties, providing opportunities for investors to cater to different segments, including renters and potential homeowners, especially in the context of the city's top industries like Finance & Insurance and Real Estate.
How do the median property value and property taxes influence the investment decision in Trinidad, CO? +
With a median property value of $138,700 and median property taxes of $2,204, Trinidad, CO offers relatively affordable investment opportunities, considering the city's economic indicators, such as the employed population of 3,851 and the presence of industries like Agriculture and Mining, which can support rental yields and property appreciation.
What role does the foreign-born rate and education level play in assessing market demand and stability? +
The foreign-born rate of 14.5% and education levels, including a high school graduation rate of 82.2% and a bachelor's degree or higher rate of 23.1%, indicate a market with a diverse and somewhat educated population, which can contribute to market demand and stability, especially when combined with the city's strong health insurance coverage and relatively low average commute time.

Trinidad CO Real Estate & City Facts

Key facts and real estate information about Trinidad CO.

What are some of the best neighborhoods to live in Trinidad? +
Some of the best neighborhoods to live in Trinidad include South Oak, which is a quiet and friendly neighborhood known for its convenient location and abundant nature. Other neighborhoods to consider are those in the historic downtown district, which features a large, hilly area with plenty of character.
What are some fun things to do in Trinidad? +
There are plenty of fun things to do in Trinidad, including visiting the Trinidad Lake State Park, Fishers Peak State Park, and the Trinidad History Museum. You can also explore the scenic byways, visit the A. R. Mitchell Memorial Museum of Western Art, and check out the live music scene at Main Street LIVE. Additionally, the city hosts various events and festivals throughout the year, such as the Trinidad Comic Con and the Southern Colorado Film Festival.
What is the food scene like in Trinidad? +
The food scene in Trinidad is diverse and delicious, with a range of restaurants serving everything from Greek and American cuisine to Mexican and Italian food. Some popular restaurants include AlMack's Kitchen, Nana & Nano's Pasta House, and Bob and Earl's Cafe. There are also plenty of great food trucks and cafes to grab a quick bite or coffee.
What are the pros and cons of living in Trinidad? +
The pros of living in Trinidad include its natural beauty, rich history, and small-town charm. The city has a strong sense of community, with plenty of outdoor recreational opportunities and a growing arts and cultural scene. However, some cons to consider are the limited job opportunities and slower pace of life, which may not be suitable for everyone. Additionally, the city has a higher crime rate compared to other similar-sized towns in Colorado.
Is Trinidad a good place to live? +
Whether Trinidad is a good place to live depends on your individual preferences and priorities. If you value a close-knit community, outdoor recreation, and a relaxed pace of life, Trinidad may be an excellent choice. However, if you're looking for a more fast-paced and economically vibrant city, you may want to consider other options. Overall, Trinidad offers a unique blend of natural beauty, rich history, and small-town charm that makes it an attractive option for those who appreciate its unique character.

πŸ“Š Average Income For Trinidad CO Commercial Property: $37,204

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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