Durango, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Durango, Iowa Market population: 17K. Explore income-producing properties with verified cap rates and operating...
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11 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 Durango CO Properties: 0.2400%
⭐ 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 Durango CO
Common questions from investors exploring commercial real estate in Durango CO.
What is the overall investment potential of Durango, CO, considering its demographics and economy?
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Durango, CO, with a population of 17,145 and a median age of 32.5, presents a stable investment market, given its median household income of $54,649 and a relatively low poverty rate of 12.0%, suggesting a strong and stable tenant base, further reinforced by an employed population of 9,704 and a high health insurance coverage rate of 89.5%.
How does the ethnic diversity and industry mix in Durango impact real estate investment?
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The city's ethnic diversity, led by White (46.0%) and White Non-Hispanic (42.8%) populations, along with a significant Hispanic (5.0%) presence, contributes to a culturally rich environment, while its top industries in Wholesale Trade, Information, and Manufacturing suggest a diverse economic base, which can lead to a stable demand for housing and rentals, especially considering the median property value of $362,000 and a homeownership rate of 53.9%.
What are the implications of Durango's quality of life metrics for real estate investors?
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The average commute time of 15.1 minutes, with top commute methods including driving alone, working from home, and walking, indicates a high quality of life, which, combined with a high health insurance coverage rate of 89.5%, suggests a desirable living environment that can attract and retain residents, potentially leading to increased property values and rental yields over time, making it an attractive option for investors looking at the city's median property taxes of $3,376.
How does the income inequality and poverty rate in Durango affect the real estate market?
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Durango's poverty rate of 12.0% and a GINI coefficient of 0.439 suggest that while there is some level of income inequality, the overall economic stability, with a median household income of $54,649 and an employed population of 9,704, can support a robust rental market, especially when considering the city's diverse industries and relatively low poverty rate, which together indicate a market with potential for growth and stable returns on investment.
What role does the health insurance coverage rate play in assessing the stability of the rental market in Durango?
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The high health insurance coverage rate of 89.5% in Durango, combined with its low poverty rate of 12.0% and significant employed population, suggests a stable and secure tenant base, as residents are more likely to have the financial means to pay rent consistently, which, along with the city's short average commute time of 15.1 minutes and diverse top industries, makes Durango an attractive location for real estate investment, with potential for long-term stability and growth in property values and rental income.
Durango CO Real Estate & City Facts
Key facts and real estate information about Durango CO.
What are some of the best neighborhoods to live in Durango?
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Some of the best neighborhoods to live in Durango include Historic Downtown Durango, Edgemont, Three Springs, Glacier Club, Animas Valley, and Dalton Ranch. Each neighborhood has its own unique character, with Historic Downtown offering a walkable and vibrant atmosphere, while Edgemont and Three Springs provide more suburban living options. Glacier Club and Animas Valley offer a mix of natural beauty and outdoor recreation opportunities, while Dalton Ranch is known for its golf courses and stunning views.
What are some fun things to do in Durango?
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Durango has a wide range of activities and attractions to enjoy, including the Durango and Silverton Narrow Gauge Railroad and Museum, Historic Downtown Durango, San Juan National Forest, and Mesa Verde. You can also explore the outdoors with hiking, horseback riding, and mountain biking trails, or visit the many shops, restaurants, and galleries in the area. For a unique experience, take a ride on the Durango train or go zip lining, whitewater rafting, or skiing.
What is the food scene like in Durango?
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Durango has a thriving food scene with over 500 restaurants and bars to choose from. Some popular spots include Derailed Pour House, Steamworks Brewing Co., Michel's Corner Crepes, and Oscar's Cafe. You can also find a variety of cuisines, from classic comfort food to fine dining, and enjoy the local flavors of the region. Be sure to check out the many food trucks and cafes in the area, as well as the Durango Farmers Market for fresh produce and local products.
What are the pros and cons of living in Durango?
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Living in Durango has its pros and cons. On the plus side, the city offers a unique blend of outdoor recreation opportunities, a thriving arts and cultural scene, and a strong sense of community. However, the cost of living in Durango can be high, and the city's remote location can make it difficult to access certain amenities and services. Additionally, the city's popularity with tourists can lead to crowds and traffic during peak season. Despite these challenges, many residents find that the natural beauty and small-town charm of Durango make it an ideal place to call home.
Is Durango a good place to live?
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Whether or not Durango is a good place to live depends on your individual preferences and priorities. If you value outdoor recreation, a strong sense of community, and a unique small-town atmosphere, Durango may be an excellent choice. However, if you're looking for a more urban lifestyle or easy access to certain amenities and services, you may want to consider other options. Ultimately, Durango is a great fit for those who are looking for a relaxed, natural lifestyle and are willing to trade off some conveniences for the beauty and charm of the area.
⭐ 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 Durango CO Commercial Property: $54,649
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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 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
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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
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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