Racine, WV Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Racine, West Virginia Market population: 79K. Explore income-producing properties with verified cap rates and...
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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 Racine WI Properties: 2.1700%
⭐ 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 Racine WI
Common questions from investors exploring commercial real estate in Racine WI.
What is the overall investment potential of Racine, WI, considering its demographic and economic factors?
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Racine, WI's median household income of $38,072, combined with a poverty rate of 20.7% and a high health insurance coverage rate of 90.0%, suggests a stable market with opportunities for investment, particularly in affordable housing. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 5.1%, indicates a potential for cultural and economic growth. Additionally, the average commute time of 20.4 minutes and top commute methods of driving alone, carpooling, and working from home, point to a convenient and flexible transportation system.
How does the local economy impact the real estate market in Racine, WI?
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The local economy in Racine, WI, driven by top industries such as Public Administration, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, contributes to a relatively stable employment market, with 32,346 employed individuals. This, combined with a median property value of $120,500 and a homeownership rate of 54.8%, suggests a balanced real estate market with opportunities for both rental and ownership investments. The GINI coefficient of 0.438 indicates a moderate level of income inequality, which may impact the affordability of housing for some residents.
What are the key factors to consider when evaluating the quality of life in Racine, WI, for real estate investment purposes?
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When assessing the quality of life in Racine, WI, investors should consider the average commute time of 20.4 minutes, which is relatively short, and the high health insurance coverage rate of 90.0%, indicating access to quality healthcare. Additionally, the city's median age of 33.6 and top ethnicities suggest a diverse and potentially vibrant community. The obesity rate of 31.4% and smoking rate of 19.1% may impact the overall health and wellbeing of residents, but the city's efforts to address these issues could lead to improved quality of life and increased property values.
How does the demographic diversity of Racine, WI, impact the demand for real estate investments?
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The demographic diversity of Racine, WI, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 5.1%, contributes to a unique cultural landscape and potentially increasing demand for housing and commercial properties. The median age of 33.6 and a relatively high poverty rate of 20.7% may indicate a need for affordable housing options, while the city's employed population of 32,346 and median household income of $38,072 suggest a stable market for rental properties. Investors should consider the potential for cultural and economic growth driven by this diversity when evaluating investment opportunities.
What are the implications of Racine, WI's, housing market and property taxes for real estate investors?
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Racine, WI's, median property value of $120,500 and median property taxes of $17,030 suggest a relatively affordable housing market with moderate tax burdens. The homeownership rate of 54.8% indicates a balanced market with opportunities for both rental and ownership investments. Investors should consider the potential for long-term appreciation in property values, as well as the impact of property taxes on cash flow and investment returns. The city's efforts to address poverty and income inequality may also lead to increased property values and rental yields over time.
Racine WI Real Estate & City Facts
Key facts and real estate information about Racine WI.
What are some of the best neighborhoods to live in Racine?
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Some of the best neighborhoods to live in Racine, WI, are Wind Point, Union Grove, Mount Pleasant, Horlick Gilmore, and Spring Street East. These neighborhoods offer a range of housing options, from affordable homes to more expensive properties, and are known for their safety, walkability, and family-friendly atmosphere.
What are some fun things to do in Racine?
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Racine, WI, has a variety of attractions and activities to enjoy, including visiting the downtown area, which features a number of shops, restaurants, and cultural events. However, I was unable to find specific information about things to do in Racine.
What is the food scene like in Racine?
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The food scene in Racine, WI, is diverse and vibrant, with a range of locally owned restaurants catering to different tastes and preferences. Some popular restaurants in the area include Wells Brothers Italian Restaurant, Olde Madrid, and Javier's Cuisine, which serve everything from Italian and Mediterranean cuisine to Spanish and Mexican dishes. There are also plenty of great food trucks and other dining options to explore.
What are the pros and cons of living in Racine?
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The pros of living in Racine, WI, include its affordable housing options, family-friendly atmosphere, and range of community events and activities. However, the city also faces challenges such as a higher-than-average crime rate and poverty rate, which can impact the quality of life for some residents. Additionally, the city's economy has experienced some decline in recent years, which can make it difficult for some residents to find employment or access certain services.
Is Racine a good place to live?
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Whether or not Racine, WI, is a good place to live depends on your individual priorities and preferences. If you're looking for an affordable place to live with a strong sense of community and a range of cultural events and activities, Racine may be a good fit. However, if you're concerned about crime or economic stability, you may want to consider other options. Ultimately, it's essential to weigh the pros and cons and visit the city in person to get a sense of whether it's the right place for you.
⭐ 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 Racine WI Commercial Property: $38,072
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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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