Homewood, SC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Homewood, South Carolina Market population: 25K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Homewood AL Properties: 0.7400%
⭐ 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 Homewood AL
Common questions from investors exploring commercial real estate in Homewood AL.
What is the overall investment potential of Homewood, AL, considering its demographic and economic factors?
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Homewood, AL presents a stable investment market, with a median household income of $60,468, a relatively low poverty rate of 9.6%, and a high health insurance coverage rate of 93.5%, indicating a strong and stable tenant base. The top industries, including Transportation & Warehousing and Finance & Insurance, contribute to the local economy's diversity and resilience. Additionally, the city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, suggests a vibrant community with various cultural and economic influences.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Homewood, AL?
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The average commute time of 17 minutes in Homewood, AL is relatively short, and the top commute methods, such as driving alone, working from home, and carpooling, indicate a flexible and convenient transportation infrastructure. This, combined with the high health insurance coverage rate of 93.5% and a median age of 29.3, suggests a high quality of life for residents, making it an attractive location for potential renters and investors. The employed population of 13,150 and top industries like Transportation & Warehousing also contribute to the area's economic stability.
What are the key factors that influence the housing market in Homewood, AL, and how do they impact investment decisions?
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The housing market in Homewood, AL is characterized by a median property value of $275,700, a median property tax of $5,204, and a homeownership rate of 60.3%. The relatively low poverty rate of 9.6% and high health insurance coverage rate of 93.5% contribute to a stable tenant base, while the top industries, including Finance & Insurance and Real Estate & Rental & Leasing, drive local economic growth. Furthermore, the city's ethnic diversity and relatively high average household income of $60,468 support a strong demand for housing, making it an attractive location for real estate investors.
How does the ethnic diversity and industry mix in Homewood, AL impact the local economy and investment potential?
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The ethnic diversity in Homewood, AL, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant and inclusive community, which can attract a diverse range of businesses and residents. The top industries, including Transportation & Warehousing, Finance & Insurance, and Wholesale Trade, drive local economic growth and provide a stable source of employment, with 13,150 employed individuals. This diversity and economic stability, combined with a relatively low poverty rate of 9.6% and high health insurance coverage rate of 93.5%, make Homewood, AL an attractive location for investors seeking a stable and growing market.
What are the implications of the income inequality and poverty rate in Homewood, AL for real estate investors and the local community?
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The poverty rate of 9.6% in Homewood, AL is relatively low, and the income inequality, as measured by the GINI coefficient of 0.456, is moderate. The high health insurance coverage rate of 93.5% and median household income of $60,468 suggest a stable and employed population, which can support a strong and reliable tenant base. However, investors should be aware of the potential for income inequality to impact local economic growth and housing demand, and consider strategies to mitigate these effects, such as investing in affordable housing or community development projects, particularly in areas with higher concentrations of poverty or limited access to resources.
Homewood AL Real Estate & City Facts
Key facts and real estate information about Homewood AL.
What are some of the best neighborhoods to live in Homewood?
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Some of the best neighborhoods to live in Homewood, AL are Edgewood, Hollywood, and The Park at Buckingham. These neighborhoods offer a mix of quiet, family-friendly environments and easy access to local amenities. For example, Edgewood is known for its tree-lined streets and historic homes, while Hollywood offers a more suburban feel with plenty of parks and green spaces. The Park at Buckingham is a popular choice for families, with its convenient location and highly-rated schools.
What are some fun things to do in Homewood?
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There are plenty of fun things to do in Homewood, AL. You can visit the Art Alley, play escape games at Breakout Games, or explore the Urban Air Trampoline and Adventure Park. If you're looking for something more low-key, you can check out the McWane Science Center or take a stroll through one of the city's many parks. The city also hosts various events and festivals throughout the year, such as the Homewood Christmas Parade and the SoHo Fest.
What is the food scene like in Homewood?
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The food scene in Homewood, AL is vibrant and diverse. You can find everything from Southern comfort food to international cuisine. Some popular restaurants include Big Bad Breakfast, Soho Social, and Whiskey Foxtrot Burger Shoppe. There are also plenty of great food trucks and cafes to grab a quick bite or coffee. If you're looking for something unique, you can try The Battery or The Garage, which offer a range of creative dishes and craft cocktails.
What are the pros and cons of living in Homewood?
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The pros of living in Homewood, AL include its convenient location, highly-rated schools, and family-friendly atmosphere. The city also has a low crime rate and a strong sense of community. However, some cons include the city's relatively high cost of living and traffic congestion. Additionally, some residents have noted that the city can feel a bit suburban and lacking in nightlife options. Overall, Homewood is a great choice for families and those looking for a quiet, safe community, but may not be the best fit for those seeking a more urban lifestyle.
Is Homewood a good place to live?
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Homewood, AL is a great place to live for those who value a safe, family-friendly community with plenty of amenities. The city offers a high quality of life, with good schools, low crime, and a strong sense of community. While it may not be the best fit for everyone, particularly those seeking a more urban lifestyle, Homewood is a popular choice for families and professionals alike. With its convenient location and range of activities and attractions, Homewood is definitely worth considering for anyone looking to relocate to the Birmingham 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 Homewood AL Commercial Property: $60,468
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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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