Normandy Park, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Normandy Park, Washington Market population: 6K. Compare commercial properties across all major asset classes...
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12 properties found
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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
đ Avg Property Tax Rate For Normandy Park WA Properties: 1.2000%
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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 Normandy Park WA
Common questions from investors exploring commercial real estate in Normandy Park WA.
What's the overall investment outlook for Normandy Park, WA?
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With a median household income of $84,679 and a low poverty rate of 3.9%, Normandy Park presents a stable investment market, further reinforced by its high health insurance coverage of 94.3% and relatively short average commute time of 22.5 minutes, indicating a reliable and healthy workforce.
How does the ethnic diversity and industry mix impact the local real estate market?
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The top ethnicities, including White and White Non-Hispanic, contribute to a diverse community, while the dominant industries such as Professional, Scientific, & Management, and Information services, suggest a strong, educated workforce, which, combined with the low poverty rate and high health insurance coverage, points to a stable tenant base.
What role does commute time and method play in assessing the quality of life for potential tenants?
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The average commute time of 22.5 minutes, coupled with the prevalence of driving alone, working from home, and carpooling, indicates a flexible and manageable commute, enhancing the quality of life for residents, which is further supported by the high median household income and low poverty rate, making Normandy Park an attractive location for renters.
How do property values, taxes, and homeownership rates influence the investment potential of Normandy Park?
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The median property value of $463,900, paired with a median property tax of $1,939 and a high homeownership rate of 74.6%, suggests a strong, stable housing market, which, when considered alongside the low poverty rate of 3.9% and the high health insurance coverage of 94.3%, indicates a favorable environment for real estate investment, with potential for long-term appreciation.
What insights can be gleaned from the income inequality and employment data for real estate investors?
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The GINI coefficient of 0.441, while indicating some level of income inequality, is balanced by the significant employed population of 3,123 and the top industries driving employment, suggesting a robust local economy, which, combined with the low poverty rate and high health insurance coverage, points to a market with stable demand for housing, making it an attractive location for investors seeking reliable returns.
Normandy Park WA Real Estate & City Facts
Key facts and real estate information about Normandy Park WA.
What are some of the best neighborhoods to live in Normandy Park?
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Some of the best neighborhoods to live in Normandy Park include the northwest parts of the city, which tend to be more desired and have higher median house prices, around $722,002. However, more affordable homes can be found in the southwest regions. Neighborhoods like Marine View Park and Three Tree Point Beach are also popular for their scenic views and outdoor activities.
What are some fun things to do in Normandy Park?
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There are plenty of fun things to do in Normandy Park, such as visiting the Marine View Park, going to the Normandy Park Farmer's Market, or exploring the nearby Des Moines Waterfront Farmers Market. You can also check out the events and activities at the Tin Room, a historic building with a cozy bar area and a variety of American favorites. Additionally, the city hosts various events throughout the year, such as the Owl Prowl at Marine View Park and the WomenââŹâ˘s Adventure Film Tour.
What is the food scene like in Normandy Park?
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The food scene in Normandy Park is diverse and offers a range of options, from American favorites to Vietnamese cuisine. Some popular restaurants include the Tin Room, Rose Pho, and Burien Bakery Nouveau. You can also find great steaks and seafood at places like Spencer's For Steaks & Chops and Copperleaf Restaurant & Bar. There are also plenty of great food trucks and delivery options available through services like Uber Eats.
What are the pros and cons of living in Normandy Park?
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The pros of living in Normandy Park include its strong sense of community, scenic views, and outdoor activities. The city also has a low poverty rate and a high median household income. However, some cons include the high cost of living, with median house prices around $722,002, and the fact that the city is relatively small. Additionally, some residents have mentioned that the city can be quite quiet and may not have as many entertainment options as larger cities.
Is Normandy Park a good place to live?
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Overall, Normandy Park is a great place to live for those who value a strong sense of community, scenic views, and outdoor activities. While it may have some drawbacks, such as a high cost of living and limited entertainment options, the city's pros outweigh its cons for many residents. With its low poverty rate, high median household income, and diverse food scene, Normandy Park is an attractive option for those looking for a suburban lifestyle with easy access to nearby cities like Seattle.
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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
đ Average Income For Normandy Park WA Commercial Property: $84,679
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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
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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
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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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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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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
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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
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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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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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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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