Parsons, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Parsons, Kansas Market population: 10K. Compare commercial properties across all major asset classes with...
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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 Parsons KS Properties: 2.0000%
⭐ 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 Parsons KS
Common questions from investors exploring commercial real estate in Parsons KS.
What's the overall investment potential of Parsons, KS, considering its demographics and economy?
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The city's median household income of $43,419, combined with a poverty rate of 18.1% and a high health insurance coverage rate of 91.4%, suggests a relatively stable market with opportunities for growth, particularly in the Health Care & Social Assistance industry, which is one of the top industries in the area, serving a population that is predominantly White, with a significant American Indian presence.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Parsons, KS?
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With an average commute time of just 16.3 minutes, and a majority of residents driving alone or carpooling, the city's infrastructure supports a convenient and relatively stress-free lifestyle, which, when combined with a high health insurance coverage rate of 91.4% and a low poverty rate compared to other similar cities, makes it an attractive location for renters and homeowners alike, particularly those working in the Retail Trade or Manufacturing sectors.
What role does ethnic diversity play in shaping the local market demand and investment opportunities in Parsons, KS?
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The city's ethnic diversity, although limited, with a predominant White population and a smaller American Indian community, contributes to a unique cultural landscape, which, when considered alongside the top industries of Health Care & Social Assistance, Retail Trade, and Manufacturing, suggests opportunities for targeted investments that cater to the specific needs and preferences of these demographic groups, potentially enhancing the overall quality of life and desirability of the area.
How do the median property value and property taxes in Parsons, KS compare to other cities, and what implications does this have for real estate investors?
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With a median property value of $73,400 and median property taxes of $1,344, Parsons, KS offers relatively affordable housing options, which, when combined with a high homeownership rate of 69.2% and a low average commute time of 16.3 minutes, suggests a stable and potentially lucrative market for real estate investors, particularly those looking to capitalize on the city's growing Health Care & Social Assistance sector, which can support a steady demand for housing from employees in this industry.
What are the key factors that contribute to the stability and attractiveness of the Parsons, KS market for real estate investment, considering both economic and quality of life metrics?
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The stability of the Parsons, KS market can be attributed to a combination of factors, including its diverse economy with top industries in Health Care & Social Assistance, Retail Trade, and Manufacturing, a relatively high health insurance coverage rate of 91.4%, and a low average commute time of 16.3 minutes, which collectively contribute to a high quality of life, making the area attractive for both current and potential residents, and thus, presenting a favorable environment for real estate investment, especially when considering the city's median household income of $43,419 and its implications for rental yields and property appreciation.
Parsons KS Real Estate & City Facts
Key facts and real estate information about Parsons KS.
What are some of the best neighborhoods to live in Parsons?
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Some of the best neighborhoods to live in Parsons, KS, include the City Center area, which has a mix of old and new homes, and the area around Forest Park, which is known for its beautiful green spaces and outdoor recreational opportunities. Other neighborhoods, such as those near Marvel Park and the Parsons Historical Museum, also offer a range of housing options and community amenities.
What are some fun things to do in Parsons?
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Parsons, KS, has a variety of fun things to do, including visiting the Curious Minds Discovery Zone, exploring the Cosmic-Castle, and spending time outdoors at Marvel Park or Forest Park. The city also hosts several festivals throughout the year, such as the Katy Days Festival, which celebrates the region's love for the outdoors. Additionally, visitors can check out the Parsons Historical Museum or take a stroll along the trails at the Parsons Arboretum.
What is the food scene like in Parsons?
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The food scene in Parsons, KS, offers a range of options, including Italian cuisine at Joe's Italian Restaurant, which has received rave reviews for its authentic flavors and perfectly cooked dishes. There are also plenty of great food trucks and local eateries serving up comfort food and other specialties. For those looking for something new, the city has a number of newly opened restaurants, such as Big Sky Bistro and Kitchen Pass, which offer a fresh take on traditional favorites.
What are the pros and cons of living in Parsons?
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Living in Parsons, KS, has its pros and cons. On the plus side, the city has a strong sense of community, with plenty of outdoor recreational opportunities and a range of community events and festivals. The cost of living is also relatively low, making it an attractive option for those looking for an affordable place to call home. However, some residents have noted that the city can be a bit quiet, with limited nightlife options, and that the job market may be limited in certain industries. Additionally, the city has a higher-than-average vacancy rate, which can make it difficult to find housing in certain areas.
Is Parsons a good place to live?
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Overall, Parsons, KS, can be a good place to live for those who value a strong sense of community, outdoor recreational opportunities, and a low cost of living. While the city may have its drawbacks, such as limited nightlife options and a higher-than-average vacancy rate, it also has a lot to offer, from its beautiful parks and green spaces to its range of community events and festivals. Ultimately, whether or not Parsons is a good place to live will depend on an individual's personal preferences and priorities.
⭐ 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 Parsons KS Commercial Property: $43,419
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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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