Lake Forest Park, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lake Forest Park, Washington Market population: 14K. Explore income-producing properties with verified cap rates...
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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 Lake Forest Park WA Properties: 0.9400%
⭐ 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 Lake Forest Park WA
Common questions from investors exploring commercial real estate in Lake Forest Park WA.
What's the overall investment outlook for Lake Forest Park, WA?
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The combination of a high median household income of $114,419, low poverty rate of 3.4%, and excellent health insurance coverage of 97.1% suggests a stable and attractive market for real estate investment, with a diverse population including 83.1% White, 8.5% Asian, and 4.2% Hispanic or Latino residents.
How does the commute time and transportation infrastructure impact the rental market?
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The average commute time of 31.4 minutes, with 74.1% of residents driving alone and 6.2% using public transit, indicates a relatively convenient commute, which, when combined with the high employment rate of 7,311 and top industries like Professional, Scientific, & Management, & Administrative & Waste Management Services, suggests a strong demand for rental properties.
What are the key factors influencing property values in Lake Forest Park, WA?
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The median property value of $543,400, influenced by factors such as the high median household income, low poverty rate, and diverse economy with top industries including Information, Finance & Insurance, & Real Estate & Rental & Leasing, and Retail Trade, suggests a strong and stable property market, with a relatively high homeownership rate of 83.2%.
How does the demographic diversity of Lake Forest Park, WA impact the local real estate market?
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The city's diverse population, with 14.1% of residents being foreign-born, and a mix of White, Asian, and Hispanic or Latino residents, combined with a high health insurance coverage rate of 97.1% and low poverty rate of 3.4%, indicates a culturally rich and economically stable community, which can contribute to a strong and resilient real estate market.
What are the implications of the city's economic indicators for real estate investors?
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The low unemployment rate of 2.2%, high median household income of $114,419, and diverse economy with a range of top industries, along with a relatively low GINI coefficient of 0.403, suggest a strong and stable economy, which, when combined with the city's excellent quality of life metrics, including an average commute time of 31.4 minutes and high health insurance coverage, makes Lake Forest Park, WA an attractive location for real estate investment.
Lake Forest Park WA Real Estate & City Facts
Key facts and real estate information about Lake Forest Park WA.
What are some of the best neighborhoods to live in Lake Forest Park?
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Some of the best neighborhoods to live in Lake Forest Park include the south parts of the city, which tend to be more desirable, and the southeast regions, which offer more affordable homes. According to Niche, Lake Forest Park is also one of the best suburbs for young professionals and one of the best places to retire in Washington. Neighborhoods like Eagle Scout Park and areas near the Lake Washington shoreline are also popular for their peaceful atmosphere and outdoor activities.
What are some fun things to do in Lake Forest Park?
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There are plenty of fun things to do in Lake Forest Park, including visiting the Lake Forest Park Shopping Center, exploring the many parks and trails, such as Eagle Scout Park, and enjoying the beautiful Lake Washington shoreline. You can also play Frisbee, go for a run or jog, or simply enjoy the scenery. Additionally, there are many restaurants and cafes in the area, such as The Burrow, Ugly Burger, and Always Summer Ice Cream Cafe, that offer a variety of dining options.
What is the food scene like in Lake Forest Park?
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The food scene in Lake Forest Park is diverse and offers a range of options, from casual eateries like The Burrow and Ugly Burger to more upscale restaurants like Cedar + Elm and Cafe Juanita. You can also find authentic Greek cuisine at Gyro Boss, or enjoy some delicious ice cream at Always Summer Ice Cream Cafe. There are also plenty of great food trucks and other dining options in the area, making it a great place to explore and find new favorite foods.
What are the pros and cons of living in Lake Forest Park?
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The pros of living in Lake Forest Park include its highly-rated schools, low crime rates, and abundance of parks and outdoor activities. The city also has a strong sense of community, with many family-friendly events and activities throughout the year. However, some cons of living in Lake Forest Park include the high cost of living, with median house prices being relatively expensive, and the potential for traffic and congestion in certain areas. Additionally, some residents may find the city to be a bit quiet or subdued, especially compared to larger cities like Seattle.
Is Lake Forest Park a good place to live?
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Overall, Lake Forest Park is a great place to live, offering a unique blend of natural beauty, outdoor recreation, and small-town charm. While it may have some drawbacks, such as a high cost of living, the city's many advantages make it an attractive option for families, young professionals, and retirees alike. With its highly-rated schools, low crime rates, and abundance of parks and outdoor activities, Lake Forest Park is a great choice for those looking for a safe and welcoming community to call home.
⭐ 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 Lake Forest Park WA Commercial Property: $114,419
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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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