Wanaque, NJ High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wanaque, New Jersey Market population: 11K. 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 Wanaque NJ Properties: 4.1400%
⭐ 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 Wanaque NJ
Common questions from investors exploring commercial real estate in Wanaque NJ.
What is the overall investment potential of Wanaque, NJ, considering its demographic and economic factors?
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Wanaque, NJ, with a median household income of $90,098 and a relatively low poverty rate of 5.3%, presents a stable investment market. The city's diverse economy, led by industries such as Information and Public Administration, coupled with a high health insurance coverage rate of 93.7%, suggests a strong and stable workforce, making it an attractive location for real estate investment.
How does the ethnic diversity and commute time in Wanaque, NJ, impact the demand for housing and rental properties?
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The ethnic diversity in Wanaque, NJ, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community that can support a variety of housing and rental options. Additionally, the average commute time of 28.1 minutes, with top commute methods including driving alone, carpooling, and working from home, indicates a flexible and manageable commute, which can enhance the quality of life for residents and potentially increase demand for properties in the area.
What role do the median property value and property taxes play in the investment decision for Wanaque, NJ?
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The median property value of $313,800 and median property taxes of $3,312 in Wanaque, NJ, are important considerations for investors. These figures, combined with the city's high homeownership rate of 81.4% and low poverty rate of 5.3%, suggest a stable and potentially appreciating housing market, which can be beneficial for long-term investments. Furthermore, the relatively high median household income and strong health insurance coverage rate of 93.7% imply a market with reliable tenants and stable rental income.
How does the employment population and top industries in Wanaque, NJ, influence the local real estate market?
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The employed population of 5,979 and top industries such as Information, Public Administration, and Finance & Insurance in Wanaque, NJ, indicate a diverse and stable economy. This diversity, along with a foreign-born rate of 14.5% and a median age of 45.1, suggests a dynamic workforce that can support a range of housing needs, from rentals to owned properties. The GINI coefficient of 0.351 also points to a relatively balanced income distribution, which can contribute to market stability and demand for real estate.
What are the implications of the health insurance rate and commute methods for the quality of life and investment stability in Wanaque, NJ?
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The high health insurance coverage rate of 93.7% in Wanaque, NJ, combined with the manageable average commute time of 28.1 minutes and flexible commute methods, suggests a high quality of life for residents. This, in turn, can lead to a more stable and attractive investment environment, as residents are more likely to prioritize housing and community stability when their basic needs are met. The low poverty rate of 5.3% further reinforces this stability, making Wanaque, NJ, an appealing location for real estate investments.
Wanaque NJ Real Estate & City Facts
Key facts and real estate information about Wanaque NJ.
What are some of the best neighborhoods to live in Wanaque?
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Some of the best neighborhoods to live in Wanaque include Brookside Heights, which is a great option to consider for those planning to retire. The area is known for its beautiful, clean parks and peaceful atmosphere. Other neighborhoods, such as Wanaque Borough, are also popular for their family-friendly environment and easy access to local amenities.
What are some fun things to do in Wanaque?
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There are plenty of fun things to do in Wanaque, including visiting the MacMillan Reservoir Dam, exploring the Ramapo Lake, and taking a stroll along the Ramapo River. You can also check out the local events and attractions, such as Flip's Bar, Golden Age Club, and the Smoke Stack Temple. If you're looking for something to do this weekend, you can find various events on Eventbrite, including NCAA Basketball Final Four Viewing and more.
What is the food scene like in Wanaque?
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The food scene in Wanaque is diverse and exciting, with a range of restaurants to choose from. Some popular options include Il Gusto, Doc Watsons, La Catrina, The Blue Point gm Restaurant, and Berta's Chateau, which has held its Restaurant Award for decades. You can also try NENE'S COCINA for some delicious New Mexican cuisine. Additionally, there are various pizza places, such as Gipetto's, and a coal-fired pizza spot in Old Bridge, NJ. Passaic County Restaurant Week is also a great time to explore the local culinary scene.
What are the pros and cons of living in Wanaque?
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The pros of living in Wanaque include its peaceful and family-friendly atmosphere, beautiful parks, and easy access to local amenities. However, some cons might include the limited number of restaurants and entertainment options compared to larger cities. Additionally, the area may have a higher cost of living, with a median property value of $313,800 and median property taxes of $3,312. Nevertheless, Wanaque is a great option for those looking for a quiet and serene living environment.
Is Wanaque a good place to live?
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Wanaque can be a great place to live, depending on your personal preferences and priorities. If you're looking for a peaceful and family-friendly environment with easy access to local amenities, Wanaque might be an excellent choice. However, if you're looking for a more vibrant and diverse city life with a wide range of entertainment options, you might want to consider other areas. Overall, Wanaque is a charming community surrounded by lakes, woodlands, and the scenic Wanaque Reservoir, making it an attractive option for those who value a serene and natural living environment.
⭐ 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 Wanaque NJ Commercial Property: $90,098
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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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