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Dumfries, VA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Dumfries, Virginia Market population: 5K. Compare commercial properties across all major asset classes with...

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

πŸ“Š Avg Property Tax Rate For Dumfries VA Properties: 1.6000%

πŸ“Š Average Income For Dumfries VA Commercial Property: $63,345

Investor Questions For Dumfries VA

Common questions from investors exploring commercial real estate in Dumfries VA.

What's the overall investment potential of Dumfries, VA, considering its demographics and economy? +
Dumfries, VA, with a population of 5,050 and a median age of 30.1, presents a unique investment opportunity, especially given its median household income of $63,345 and a poverty rate of 15.0%, which suggests a mix of working-class and more affluent residents. The top industries, including Public Administration and Educational Services, indicate a stable employment market, while the foreign-born rate of 24.5% and diverse top ethnicities like White, Hispanic, and Black, contribute to a culturally rich and potentially resilient community.
How does the commute time and health insurance coverage impact the quality of life for renters in Dumfries, VA? +
The average commute time of 39.5 minutes, although somewhat lengthy, is mitigated by the top commute methods including driving alone, carpooling, and working from home, which suggests flexibility and potential for remote work. Combined with a high health insurance coverage rate of 84.8%, this indicates a population that values and can afford quality of life, making it an attractive market for renters and thus, for real estate investors.
What role does the median property value and property taxes play in the investment decision for Dumfries, VA? +
With a median property value of $162,600 and median property taxes of $1,030, Dumfries, VA, offers a relatively affordable housing market. Considering the homeownership rate of 65.8% and the employed population of 2,443, there's a strong foundation for stable property values and potential for rental income, especially when factoring in the income inequality (GINI coefficient of 0.342) which might influence housing demand and affordability.
How does the ethnic diversity and top industries in Dumfries, VA, influence market demand for real estate investments? +
The ethnic diversity, with top ethnicities including White, Hispanic, and Black, contributes to a vibrant community that can attract a wide range of residents and businesses. The top industries, such as Public Administration, Educational Services, and Health Care, not only provide employment stability but also attract professionals and families, thereby influencing market demand for both residential and potentially commercial real estate investments.
What are the implications of the poverty rate and health insurance coverage for assessing tenant quality and market stability in Dumfries, VA? +
The poverty rate of 15.0% combined with a high health insurance coverage rate of 84.8% suggests a working-class market with a degree of employment stability and access to healthcare. This mix can indicate a resilient tenant base, as those with health insurance coverage may have more stable incomes, contributing to a more stable rental market and thus, to the overall market stability for real estate investments in Dumfries, VA.

Dumfries VA Real Estate & City Facts

Key facts and real estate information about Dumfries VA.

What are some of the best neighborhoods to live in Dumfries? +
Some of the best neighborhoods to live in Dumfries include Prince William Estates, Southbridge, Potomac Shores, and Montclair. These neighborhoods offer a range of housing options, from affordable to luxury, and are known for their unique architecture, cleanliness, and peaceful atmosphere.
What are some fun things to do in Dumfries? +
There are plenty of fun things to do in Dumfries, including visiting the Weems-Botts Museum, playing a round of golf at Potomac Shores Golf Club, and exploring the scenic shores of the Potomac River. You can also check out the National Museum of the Marine Corps, Kids Dominion Park, and the Rose Gaming Resort for some entertainment options.
What is the food scene like in Dumfries? +
The food scene in Dumfries is diverse and delicious, with a range of restaurants serving everything from Italian cuisine at Brother's Encore to smashed burgers at Nash and Smashed. You can also find Thai food at Chana Thai Kitchen, BBQ at Meating BBQ & Buffet, and American cuisine at 1609 Prime Cuts + Cocktails. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Dumfries? +
The pros of living in Dumfries include its rich history, scenic location, and range of outdoor activities. However, some cons include the town's small size, limited job opportunities, and traffic congestion on I-95. Additionally, the cost of living in Dumfries can be relatively high, especially when it comes to housing. Overall, Dumfries is a great place to live for those who value community, history, and outdoor recreation.
Is Dumfries a good place to live? +
Dumfries is a good place to live for those who are looking for a small-town atmosphere with a rich history and plenty of outdoor activities. While it may have some drawbacks, such as limited job opportunities and traffic congestion, the town's unique character and scenic location make it a great choice for families, retirees, and commuters who work in nearby Washington D.C. or other parts of Northern Virginia.
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