Walla Walla, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Walla Walla, Washington Market population: 32K. 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 Walla Walla WA Properties: 3.8000%
⭐ 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 Walla Walla WA
Common questions from investors exploring commercial real estate in Walla Walla WA.
What is the overall investment potential of Walla Walla, WA, considering its demographic and economic factors?
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Walla Walla's median household income of $40,735, combined with a poverty rate of 17.2% and a high health insurance coverage of 90.1%, suggests a relatively stable market with a mix of working-class and more affluent residents. The city's diverse economy, led by Public Administration and Information industries, and its short average commute time of 12.4 minutes, further support its investment potential. Additionally, the top ethnicities, including White, White Non-Hispanic, and Hispanic populations, contribute to a diverse demographic landscape.
How does the city's housing market look, in terms of property values and rental potential?
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The median property value of $174,500 and median property taxes of $6,645 in Walla Walla indicate a relatively affordable housing market. With a homeownership rate of 58.2%, there is still a significant rental market, which can be attractive to investors. The city's short commute time and high health insurance coverage also suggest a stable tenant base, making it an appealing option for rental investments.
What role does ethnic diversity play in shaping the local market demand in Walla Walla?
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The diverse ethnic landscape of Walla Walla, comprising White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant cultural scene and a range of market demands. This diversity can support a variety of businesses and services, from restaurants to retail shops, which can, in turn, drive up property values and attract new residents and investors. The presence of these different ethnic groups also indicates a welcoming and inclusive community, which is an important factor for investors looking for a stable and growing market.
How do the top industries in Walla Walla impact the local job market and, consequently, the real estate investment landscape?
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The top industries in Walla Walla, including Public Administration, Information, and Professional Services, provide a stable source of employment for residents. This stability, combined with the city's low average commute time and high health insurance coverage, suggests a strong and reliable workforce. For investors, this means a lower risk of tenant turnover and a more consistent stream of rental income, making the city an attractive option for real estate investments.
What are the implications of Walla Walla's income inequality and poverty rate for real estate investors?
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Walla Walla's poverty rate of 17.2% and income inequality, as measured by the GINI coefficient of 0.462, indicate a city with a mix of economic challenges and opportunities. While these factors may present some risks for investors, such as potentially lower rental incomes or higher tenant turnover, they also suggest a need for affordable housing and community development initiatives. Investors who can provide quality, affordable housing options may find a strong and stable market in Walla Walla, particularly when combined with the city's other attractive features, such as its short commute time and diverse economy.
Walla Walla WA Real Estate & City Facts
Key facts and real estate information about Walla Walla WA.
What are some of the best neighborhoods to live in Walla Walla?
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Some of the best neighborhoods to live in Walla Walla include South Walla Walla, Tietan Park/Wa-Hi, Mountain View Neighborhood, Abbott Acre Neighborhood, and College Place Neighborhood. These neighborhoods offer a range of housing options, from family-friendly areas to more affordable homes, and are known for their safety, walkability, and well-maintained surroundings.
What are some fun things to do in Walla Walla?
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There are plenty of fun things to do in Walla Walla, including visiting the Seven Hills Winery, Caprio Cellars, and other wineries and vineyards, as well as exploring the city's many parks and hiking trails, such as the Whitman College Sculpture Walk and Lewis and Clark State Park. You can also catch a movie at the drive-in, visit the Walla Walla Children's Museum, or embark on an outdoor adventure.
What is the food scene like in Walla Walla?
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The food scene in Walla Walla is thriving, with a range of restaurants serving everything from fine dining to casual meals. Some popular spots include Hattaway's on Alder, The Maple Counter Cafe, and Salted Mill, as well as Italian deli and market Cugini's. There are also plenty of great food trucks and wineries with good food, making Walla Walla a great destination for foodies.
What are the pros and cons of living in Walla Walla?
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The pros of living in Walla Walla include its small-town charm, beautiful scenery, and outdoor recreational opportunities. However, some cons include the city's relatively high poverty rate and limited job opportunities. Additionally, the city's remote location can make it difficult to access certain amenities and services. Overall, Walla Walla is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Walla Walla a good place to live?
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Walla Walla is a great place to live for those who value a small-town atmosphere, outdoor recreation, and a strong sense of community. While it may have some drawbacks, such as limited job opportunities and a high poverty rate, the city's many amenities and attractions make it an attractive option for families, retirees, and young professionals alike. Ultimately, whether or not Walla Walla is a good place to live depends on your individual priorities and preferences.
⭐ 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 Walla Walla WA Commercial Property: $40,735
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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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