Utica, KS High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Utica, Kansas Market population: 61K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Utica NY Properties: 2.0200%
⭐ 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 Utica NY
Common questions from investors exploring commercial real estate in Utica NY.
What is the overall investment potential of Utica, NY, considering its demographic and economic factors?
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Utica's diverse population, with top ethnicities including White (69.9%), Black or African American (15.9%), and Asian (7.4%), combined with its median household income of $34,979 and a poverty rate of 30.4%, suggests a market with potential for growth, especially in the Health Care & Social Assistance, Retail Trade, and Manufacturing industries. The city's 18.4-minute average commute time and high health insurance coverage rate of 95.5% also indicate a relatively stable quality of life. Additionally, the foreign-born rate of 15.6% and a GINI coefficient of 0.483 provide insights into the city's economic inequality and diversity.
How does the poverty rate and health insurance coverage impact the quality of tenants in Utica, NY?
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The 30.4% poverty rate in Utica, NY, combined with a high health insurance coverage rate of 95.5%, suggests a working-class market with some employment stability, which can be beneficial for landlords. The relatively low median household income of $34,979 and a significant portion of the population relying on Health Care & Social Assistance, Retail Trade, and Manufacturing industries may impact rent affordability, but the overall stability provided by health insurance coverage is a positive factor for investor considerations.
What role do top industries play in shaping the real estate market in Utica, NY?
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The top industries in Utica, NY, including Health Care & Social Assistance, Retail Trade, and Manufacturing, play a significant role in shaping the real estate market by influencing demand for housing. With a median property value of $94,400 and median property taxes of $2,611, the city offers relatively affordable housing options. The diversity in industries also contributes to a stable employment market, which is crucial for maintaining a healthy rental market, especially considering the city's 45.1% homeownership rate and the commute methods which include public transportation.
How does the commute time and health insurance rate reflect on the quality of life and stability of the rental market in Utica, NY?
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The average commute time of 18.4 minutes in Utica, NY, is relatively low, indicating good infrastructure for commuters, which can positively impact the quality of life for residents. Combined with a high health insurance rate of 95.5%, this suggests a stable and healthy population, which is beneficial for the rental market. The use of public transportation as one of the top commute methods also highlights the city's infrastructure and accessibility, making it an attractive location for renters and thus supporting the stability of the rental market.
What insights can be gained from the ethnic diversity and foreign-born rate in Utica, NY, for real estate investment purposes?
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The ethnic diversity in Utica, NY, with top ethnicities including White (69.9%), Black or African American (15.9%), and Asian (7.4%), along with a foreign-born rate of 15.6%, indicates a culturally rich and diverse community. This diversity can contribute to a vibrant local economy and demand for housing, especially in neighborhoods with strong community ties. For investors, understanding these demographic factors can help in identifying areas with potential for appreciation in property value and rental income, particularly when considering the impact of the top industries and the overall economic landscape of the city.
Utica NY Real Estate & City Facts
Key facts and real estate information about Utica NY.
What are some of the best neighborhoods to live in Utica?
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Some of the best neighborhoods to live in Utica, NY, include Utica College neighborhood, South Utica, Cornhill, North Utica, West Utica, and East Utica. These areas offer a mix of affordability, walkability, and community vibe.
What are some fun things to do in Utica?
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There are plenty of fun things to do in Utica, NY, including visiting the Utica Zoo, Munson-Williams-Proctor Arts Institute, Union Station, Pixley Falls, Roscoe Conkling Park, and the Adirondack Scenic Railroad. You can also explore the local attractions around the Utica area and complete your scenic train ride experience with a bit of art, museums, zoos, and more!
What is the food scene like in Utica?
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The food scene in Utica, NY, is diverse and delicious, with plenty of highly-rated restaurants to choose from, such as Zeina's Cafe & Catering, The Tailor and The Cook, Delmonico's, Space NexDoor GastroLounge, Milano Restaurant, Happy Feet Caribbean Cuisine, Pizzeria Italia, Yummilicious Cafe & Bakery, Georgio's, and Nostro. There are also plenty of great food trucks and cafes to grab a quick bite.
What are the pros and cons of living in Utica?
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The pros of living in Utica, NY, include its affordable housing, rich cultural scene, and beautiful parks and outdoor spaces. However, some cons include a higher poverty rate and unemployment rate compared to other cities in the state. Overall, Utica is a great place to live for those who value community and affordability.
Is Utica a good place to live?
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Utica, NY, is a great place to live for those who value community, affordability, and a rich cultural scene. While it has its challenges, the city has a lot to offer, from its beautiful parks and outdoor spaces to its diverse food scene and fun attractions. With its mix of small-town charm and urban amenities, Utica is a great choice for families, young professionals, and retirees alike.
⭐ 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 Utica NY Commercial Property: $34,979
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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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