Alafaya, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Alafaya, Florida Market population: 82K. Explore income-producing properties with verified cap rates and operating...

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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

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📊 Avg Property Tax Rate For Alafaya FL Properties: 82.0000%

📊 Average Income For Alafaya FL Commercial Property: $63,440

Investor Questions For Alafaya FL

Common questions from investors exploring commercial real estate in Alafaya FL.

What is the overall investment potential of Alafaya, FL, considering its demographic and economic factors? +

Alafaya, FL, with a population of 82,338 and a median age of 30.8, presents a stable investment market, given its median household income of $63,440 and a relatively low poverty rate of 11.4%, which is further supported by an employed population of 41,574 and a high health insurance coverage rate of 88.1%.

How does the ethnic diversity and industry mix in Alafaya impact the demand for real estate? +

The ethnic diversity, with top ethnicities being White (38.6%), White Non-Hispanic (24.6%), and Hispanic (19.8%), contributes to a vibrant community, while the top industries, including Manufacturing, Public Administration, and Professional, Scientific, & Management, & Administrative & Waste Management Services, ensure a steady demand for housing, especially considering the average commute time of 30.2 minutes and the prevalence of drove alone, worked at home, and carpooled commute methods.

What are the implications of the housing market statistics for real estate investors in Alafaya? +

The median property value of $196,900, combined with a median property tax of $17,570 and a homeownership rate of 63.1%, suggests a balanced housing market, which, when considered alongside the GINI coefficient of 0.405 indicating moderate income inequality, presents opportunities for investors to cater to a wide range of buyers and renters, particularly in a market with a low poverty rate and high health insurance coverage.

How does the quality of life in Alafaya, FL, influence its attractiveness to potential residents and, by extension, real estate investors? +

The quality of life in Alafaya, as indicated by an average commute time of 30.2 minutes and a high health insurance coverage rate of 88.1%, suggests a desirable place to live, which can attract residents and thereby support the demand for real estate, especially when coupled with the area's ethnic diversity and strong employment statistics, including an employed population of 41,574.

What role do the commute methods and health insurance coverage play in assessing the stability of the real estate market in Alafaya? +

The top commute methods, including drove alone, worked at home, and carpooled, along with an average commute time of 30.2 minutes, indicate a well-connected and flexible community, while the high health insurance coverage rate of 88.1% suggests a stable and secure population, both of which are crucial for maintaining a stable real estate market, as they reflect a community with access to employment opportunities and healthcare, thereby reducing the risk for investors.

Alafaya FL Real Estate & City Facts

Key facts and real estate information about Alafaya FL.

What are some of the best neighborhoods to live in Alafaya? +

Some of the best neighborhoods to live in Alafaya include Hickory Cove, which is a family-friendly area. Other desirable areas tend to be in the east parts of the city, while more affordable homes are in the southeast regions.

What are some fun things to do in Alafaya? +

There are plenty of fun things to do in Alafaya, such as visiting the Luminescent coffee and tea shop, or playing games at the Mirai Arcade. You can also take an airboat ride at the Black Hammock or go hiking at the Little Econ trails in Geneva/Oviedo area.

What is the food scene like in Alafaya? +

The food scene in Alafaya is diverse, with a range of restaurants to choose from, including Kobe Japanese Steakhouse, Cooper's Hawk Winery & Restaurant, and Bahama Breeze. There are also plenty of great food trucks and casual eateries, such as Ferrattis Pizzeria and Permanent Vacation.

What are the pros and cons of living in Alafaya? +

The pros of living in Alafaya include its dense suburban feel, with most residents owning their homes. However, the area can be prone to traffic, and some residents may find the commute time to be a challenge. Additionally, the poverty rate in Alafaya is around 11.4%, which is a concern for some residents.

Is Alafaya a good place to live? +

Overall, Alafaya is a great place to live, with a mix of suburban and urban amenities. While it has its challenges, such as traffic and poverty, the area also offers a range of benefits, including good schools, affordable housing, and a diverse community. Ultimately, whether Alafaya is a good place to live depends on your individual priorities and preferences.

Alafaya, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

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

📊 Avg Property Tax Rate For Alafaya FL Properties: 82.0000%

📊 Average Income For Alafaya FL Commercial Property: $63,440

Investor Questions For Alafaya FL

Alafaya FL Real Estate & City Facts

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