Wahpeton, ND High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wahpeton, North Dakota Market population: 8K. 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 Wahpeton ND Properties: 1.6500%
⭐ 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 Wahpeton ND
Common questions from investors exploring commercial real estate in Wahpeton ND.
What's the overall investment outlook for Wahpeton, ND?
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Wahpeton's median household income of $46,370, combined with a relatively high poverty rate of 15.3%, suggests a working-class market with some employment stability, while its 94.2% health insurance coverage and short 12.9-minute average commute time indicate a solid quality of life for residents.
How does the local economy impact real estate demand?
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The top industries in Wahpeton, including Finance & Insurance and Public Administration, contribute to a stable employment market, which, paired with the city's diverse population - 46.8% White and 2.2% Hispanic - and a foreign-born rate of 2.1%, suggests a consistent demand for housing, particularly with a median property value of $106,000.
What are the key factors to consider for rental property investments?
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The 15.3% poverty rate and 94.2% health insurance coverage in Wahpeton imply a tenant base with some financial stability, and with 52.5% of the population being homeowners, there's potential for rental demand, especially considering the short 12.9-minute commute time and the prevalence of driving and carpooling as commute methods.
How does the city's demographic diversity influence market trends?
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Wahpeton's ethnic diversity, with top ethnicities being White and White Non-Hispanic, alongside a small but present Hispanic population, suggests a culturally rich environment that could attract a variety of residents, potentially boosting demand for real estate, especially in a city with a relatively low median property tax of $1,757.
What role does income inequality play in the real estate market?
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The GINI coefficient of 0.462 indicates moderate income inequality in Wahpeton, which, when considered alongside the $46,370 median household income and 15.3% poverty rate, suggests that investors should focus on affordable housing options to cater to the broader demographic, potentially leveraging the city's strong health insurance coverage and short commute times to attract stable tenants.
Wahpeton ND Real Estate & City Facts
Key facts and real estate information about Wahpeton ND.
What are some of the best neighborhoods to live in Wahpeton?
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Some of the best neighborhoods to live in Wahpeton include Dakota Ave, which is a quiet and friendly neighborhood with well-kept homes and proximity to local amenities. Other neighborhoods to consider are those near the Bois de Sioux Golf Course and the Chahinkapa Zoo.
What are some fun things to do in Wahpeton?
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There are plenty of fun things to do in Wahpeton, including visiting the Chahinkapa Zoo, playing a round of golf at the Bois de Sioux Golf Course, and exploring the Richland County Historical Museum. You can also take a stroll along the riverfront and enjoy the city's parks and outdoor spaces.
What is the food scene like in Wahpeton?
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The food scene in Wahpeton is diverse and exciting, with a range of restaurants serving everything from fine dining to casual eats. Some popular spots include Prante's Fine Dining, Beyond's China Buffet, and The Boiler Room. 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 Wahpeton?
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The pros of living in Wahpeton include its small-town charm, friendly community, and affordable cost of living. However, some cons include the limited job opportunities and entertainment options compared to larger cities. Overall, Wahpeton is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Wahpeton a good place to live?
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Wahpeton is a great place to live for those who are looking for a small-town atmosphere with a strong sense of community. While it may not have all the amenities of a larger city, it offers a unique blend of natural beauty, outdoor recreation, and cultural attractions that make it an attractive option for families, retirees, and young professionals 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 Wahpeton ND Commercial Property: $46,370
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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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