Tarboro, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Tarboro, North Carolina Market population: 11K. 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 Tarboro NC Properties: 86.0000%
⭐ 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 Tarboro NC
Common questions from investors exploring commercial real estate in Tarboro NC.
What's the overall investment potential of Tarboro, NC, considering its demographics and economy?
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With a median household income of $34,853 and a poverty rate of 24.5%, Tarboro's market may present challenges, but the 90.2% health insurance coverage and 22.4-minute average commute time suggest a relatively stable workforce, which could be attractive for investors, especially given the city's diverse population with 54.3% Black or African American, 38.2% White, and 2.3% Asian residents.
How does the local economy impact the real estate market in Tarboro, NC?
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The top industries in Tarboro, including Health Care & Social Assistance, Retail Trade, and Manufacturing, contribute to a median household income of $34,853, which, combined with a homeownership rate of 53.2% and median property value of $123,400, indicates a potentially stable market for investors, considering the relatively low poverty rate of 24.5% and high health insurance coverage of 90.2%.
What are the key factors to consider for rental property investments in Tarboro, NC?
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The 24.5% poverty rate and $34,853 median household income may impact rental yields, but the 90.2% health insurance coverage and 22.4-minute average commute time, with 85.3% of residents driving alone to work, suggest a reliable tenant base, especially in the Health Care & Social Assistance sector, which employs 18.3% of the workforce, and with a foreign-born rate of 3.4%, the market may offer diverse rental opportunities.
How does the quality of life in Tarboro, NC, affect its attractiveness to investors?
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With an average commute time of 22.4 minutes and 90.2% health insurance coverage, Tarboro offers a relatively high quality of life, which, combined with its diverse population, including 54.3% Black or African American, 38.2% White, and 2.3% Asian residents, and a GINI coefficient of 0.443, indicating moderate income inequality, makes it an attractive location for investors seeking a balanced market with potential for growth, especially considering the top industries and median property value of $123,400.
What insights can be gained from the demographic and economic data for investing in Tarboro, NC?
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The city's median age of 42.4, combined with a poverty rate of 24.5% and median household income of $34,853, suggests a working-class market, while the 90.2% health insurance coverage and 22.4-minute average commute time indicate employment stability, and with top industries like Health Care & Social Assistance and Retail Trade, investors may find opportunities in a market with a relatively high homeownership rate of 53.2% and median property taxes of $1,243, considering the ethnic diversity and foreign-born rate of 3.4%.
Tarboro NC Real Estate & City Facts
Key facts and real estate information about Tarboro NC.
What are some of the best neighborhoods to live in Tarboro?
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Some of the best neighborhoods to live in Tarboro include Conetoe, which is known for its peaceful and rural atmosphere, as well as its community garden and honey bee farm. Other desirable areas tend to be in the south parts of the city, while more affordable homes can be found in the southeast regions.
What are some fun things to do in Tarboro?
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Tarboro has a lot to offer when it comes to things to do. You can visit the Tarboro Brewing Company, explore the historic district, which features over 300 structures from the 1700s onward, or check out the Edgecombe County Veterans Military Museum. If you're looking for outdoor activities, you can spend a carefree afternoon paddling the Tar River or cycling down the idyllic country roads.
What is the food scene like in Tarboro?
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The food scene in Tarboro is quite diverse, with a range of restaurants to choose from. Some popular spots include Mama's Pizza Italian Restaurant, Ribeyes Steakhouse, and On the Square, which is an intimate American bistro known for its seasonal cuisine and extensive wine list. There are also plenty of great food trucks and other local eateries to explore.
What are the pros and cons of living in Tarboro?
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One of the pros of living in Tarboro is its small-town charm and historic atmosphere. The city also has a strong sense of community, with plenty of outdoor activities and cultural events to enjoy. However, one of the cons is that the job market may be limited, and the city has a higher poverty rate compared to other areas. Additionally, some areas of the city may have a higher crime rate, so it's essential to research and choose a safe neighborhood.
Is Tarboro a good place to live?
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Overall, Tarboro can be a great place to live for those who value a small-town atmosphere and a strong sense of community. While it may have its challenges, the city has a lot to offer, from its historic district to its outdoor activities and cultural events. It's essential to weigh the pros and cons and consider factors like job opportunities, safety, and affordability before making a decision. But for those who are looking for a charming and historic town with a lot of character, Tarboro may be an excellent choice.
⭐ 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 Tarboro NC Commercial Property: $34,853
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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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