Orrville, AL Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Orrville, Alabama Market population: 9K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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10 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 Orrville OH Properties: 1.9400%
⭐ 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 Orrville OH
Common questions from investors exploring commercial real estate in Orrville OH.
What's the overall investment potential of Orrville, OH, considering its demographics and economy?
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With a median household income of $38,365 and a poverty rate of 15.0%, Orrville presents a relatively stable market, especially when combined with its high health insurance coverage rate of 92.6% and low average commute time of 17.9 minutes, indicating a reliable workforce and good quality of life for residents.
How does the ethnic diversity and industry mix in Orrville impact the local real estate market?
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The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, alongside its strong industries in Public Administration, Finance & Insurance, and Transportation & Warehousing, suggests a robust demand for housing, driven by a mix of government, financial, and logistical employment opportunities.
What are the key factors influencing the rental yield and property appreciation in Orrville?
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The median property value of $126,100, combined with a homeownership rate of 65.1% and median property taxes of $2,235, indicates a relatively affordable housing market with potential for appreciation, while the employed population of 3,823 and top commute methods suggest a stable rental market with opportunities for yield.
How do the income inequality and commute times in Orrville affect the quality of life and attractiveness to investors?
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The Gini coefficient of 0.439, indicating moderate income inequality, is balanced by the city's short average commute time of 17.9 minutes and high health insurance coverage rate of 92.6%, suggesting that despite some economic disparities, the overall quality of life in Orrville is relatively high, making it an attractive location for investors seeking stable, working-class tenants.
What role do the top industries and health insurance coverage play in assessing tenant quality and market stability in Orrville?
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The presence of stable industries like Public Administration and Finance & Insurance, coupled with a high health insurance coverage rate of 92.6%, suggests a market with reliable, employed tenants, reducing the risk of investment and indicating a stable demand for housing, which is further reinforced by the low poverty rate of 15.0% and moderate median household income of $38,365.
Orrville OH Real Estate & City Facts
Key facts and real estate information about Orrville OH.
What are some of the best neighborhoods to live in Orrville?
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Some of the best neighborhoods to live in Orrville include East Union and Apple Creek, which are known for their family-friendly atmosphere. The central parts of the city tend to be more desirable, while the north regions offer more affordable homes. Neighborhoods like Orrville Junction also have their own unique character and attractions.
What are some fun things to do in Orrville?
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Orrville has a variety of attractions and activities to enjoy, including The J.M. Smucker Co. Store and Café, The Straight Arrow antique shop, and the Orrville Railroad Heritage Society. Visitors can also explore the charm of Ohio's Amish Country, visit the Smith Orr Homestead, or play a round at Putt-N-Stuff. For some local eats, head to Que Pasa or El Cerrito for Mexican and Salvadorean cuisine.
What is the food scene like in Orrville?
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The food scene in Orrville is diverse and offers a range of dining experiences, from quaint family-owned diners to upscale restaurants. Some popular spots include Que Pasa for Mexican food, El Cerrito for Mexican and Salvadorean cuisine, and The J.M. Smucker Co. Store and Café for some sweet treats. There are also plenty of great food trucks and local eateries to explore.
What are the pros and cons of living in Orrville?
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Living in Orrville has its pros and cons. On the plus side, the city has a charming small-town atmosphere, a strong sense of community, and a variety of attractions and activities to enjoy. However, some residents may find the city to be a bit too quiet or limited in terms of job opportunities. Additionally, the cost of living in Orrville can be relatively high compared to other parts of the state. Overall, it's a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Orrville a good place to live?
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Orrville can be a great place to live for those who value a small-town atmosphere, a strong sense of community, and a variety of attractions and activities to enjoy. While it may not be the best fit for everyone, particularly those looking for a more fast-paced or urban lifestyle, it offers a unique and charming quality of life that many residents love. With its rich history, beautiful scenery, and friendly locals, Orrville is definitely worth considering for those looking to put down roots in a close-knit community.
⭐ 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 Orrville OH Commercial Property: $38,365
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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 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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