West Miami, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in West Miami, Florida Market population: 6K. Compare commercial properties across all major asset classes...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For West Miami FL Properties: 1.0200%

📊 Average Income For West Miami FL Commercial Property: $37,636

Investor Questions For West Miami FL

Common questions from investors exploring commercial real estate in West Miami FL.

What's the overall investment potential of West Miami, FL, considering its demographics and economy? +

West Miami's diverse population, with 45.4% Hispanic, 39.2% White, and 7.5% Two Or More ethnicities, combined with a median household income of $37,636 and a poverty rate of 14.4%, suggests a working-class market with potential for stable rental income. The city's high foreign born rate of 64.1% and top industries in Information, Public Administration, and Manufacturing also indicate a strong demand for housing.

How does the quality of life in West Miami impact its real estate market? +

The average commute time of 25.9 minutes and top commute methods of Drove Alone, Worked At Home, and Carpooled suggest a relatively convenient and flexible transportation system, which can attract renters and homebuyers. Additionally, the health insurance coverage rate of 85.7% implies a relatively stable and secure population, which can contribute to a more stable real estate market.

What are the key factors to consider when evaluating the rental market in West Miami? +

The median property value of $220,600 and median property taxes of $1,199 are important considerations for investors, as they impact cash flow and ROI. Furthermore, the poverty rate of 14.4% and health insurance coverage rate of 85.7% can help assess the quality and stability of potential tenants, while the top industries in Information, Public Administration, and Manufacturing can drive demand for rental properties.

How does the city's economic profile influence its real estate investment potential? +

West Miami's employed population of 2,997 and median household income of $37,636 indicate a relatively stable economy, while the GINI coefficient of 0.455 suggests a moderate level of income inequality. The top industries in Information, Public Administration, and Manufacturing also contribute to a diverse economic base, which can support a strong and resilient real estate market.

What role do demographics and transportation play in shaping West Miami's real estate market? +

The city's median age of 42.2 and diverse ethnic population, combined with a relatively short average commute time of 25.9 minutes, suggest a vibrant and connected community. The top commute methods of Drove Alone, Worked At Home, and Carpooled also imply a flexible and convenient transportation system, which can enhance the attractiveness of West Miami's real estate market to potential investors and residents.

West Miami FL Real Estate & City Facts

Key facts and real estate information about West Miami FL.

What are some of the best neighborhoods to live in West Miami? +

Some of the best neighborhoods to live in West Miami include The Crossings, Westwood Lakes, Coral Gables, and Coconut Grove. These neighborhoods offer a range of amenities, including good schools, nearby shopping and dining, and a quiet, suburban atmosphere.

What are some fun things to do in West Miami? +

West Miami has a lot to offer when it comes to things to do and see. Some popular attractions include the Bayshore Club Miami, Koko by Bakan, and the West Palm Cowboy Club. You can also explore the natural beauty of the area by visiting the Coconut Grove tree canopy or taking a stroll along the waterfront.

What is the food scene like in West Miami? +

The food scene in West Miami is diverse and exciting, with a range of cuisines to choose from. Some popular restaurants include Niu Kitchen, Cipriani, and Flemings. You can also find great food delivery and takeout options through services like Uber Eats.

What are the pros and cons of living in West Miami? +

The pros of living in West Miami include its quiet, suburban atmosphere, good schools, and nearby amenities. However, some cons include the potential for traffic and congestion, especially during rush hour, and the fact that it may not be as vibrant or exciting as some other areas of Miami.

Is West Miami a good place to live? +

Overall, West Miami is a great place to live for those who value a quiet, suburban atmosphere and easy access to amenities. While it may not be the best fit for everyone, it is definitely worth considering for those who are looking for a more laid-back pace of life in the Miami area.

West Miami, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For West Miami FL Properties: 1.0200%

📊 Average Income For West Miami FL Commercial Property: $37,636

Investor Questions For West Miami FL

West Miami FL Real Estate & City Facts

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