Fairview, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Fairview, New Jersey Market population: 14K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Fairview NJ Properties: 2.3300%
⭐ 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 Fairview NJ
Common questions from investors exploring commercial real estate in Fairview NJ.
What's the overall investment potential of Fairview, NJ, considering its demographics and economy?
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Fairview's median household income of $48,532, combined with a poverty rate of 15.6% and a health insurance coverage of 75.7%, suggests a relatively stable market with a mix of working-class and middle-class residents. The city's diverse population, with top ethnicities including White, Hispanic, and White Non-Hispanic, and its strong employment rate of 7,345, indicate a robust demand for housing. Additionally, the average commute time of 33.1 minutes and the use of public transit as a top commute method suggest a well-connected city with solid infrastructure.
How does the local economy impact the real estate market in Fairview, NJ?
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The top industries in Fairview, including Wholesale Trade, Professional Services, and Public Administration, contribute to a relatively stable economy, which in turn supports the local real estate market. With a median property value of $389,900 and a median property tax of $1,855, investors can expect a moderate return on investment. The city's income inequality, as indicated by a GINI coefficient of 0.45, and its poverty rate of 15.6%, suggest that investors should focus on affordable housing options to cater to the local demand.
What are the key factors to consider when evaluating the quality of life in Fairview, NJ, for real estate investment purposes?
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When assessing the quality of life in Fairview, investors should consider the average commute time of 33.1 minutes, which is relatively moderate, and the health insurance coverage rate of 75.7%, which indicates a fairly stable and healthy population. The city's diverse ethnic makeup, with top ethnicities including White, Hispanic, and White Non-Hispanic, and its median age of 36.9, suggest a vibrant and dynamic community. Furthermore, the homeownership rate of 34.2% and the median household income of $48,532 imply a mix of renters and owners, providing opportunities for both rental and resale investments.
How does the ethnic diversity of Fairview, NJ, impact the local real estate market?
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The ethnic diversity of Fairview, with top ethnicities including White, Hispanic, and White Non-Hispanic, contributes to a vibrant and dynamic community, which can attract a wide range of residents and businesses. This diversity, combined with the city's strong employment rate and moderate poverty rate, suggests a relatively stable and resilient real estate market. Investors can capitalize on this diversity by offering housing options that cater to different cultural and socioeconomic groups, thereby maximizing their return on investment.
What are the implications of Fairview's commute patterns and health insurance coverage for real estate investors?
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The average commute time of 33.1 minutes and the use of public transit as a top commute method in Fairview suggest a well-connected city with solid infrastructure, making it an attractive location for residents who value convenience and accessibility. Additionally, the health insurance coverage rate of 75.7% implies a relatively stable and healthy population, which can lead to lower vacancy rates and higher rental yields for investors. By considering these factors, investors can make informed decisions about the types of properties to invest in and the target rental rates to achieve a strong return on investment.
Fairview NJ Real Estate & City Facts
Key facts and real estate information about Fairview NJ.
What are some of the best neighborhoods to live in Fairview?
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Some of the best neighborhoods to live in Fairview, NJ, include Morristown, which is known for its friendly atmosphere and beautiful parks. The east parts of the city tend to be more desirable, while the west regions offer more affordable homes. Fairview has a suburban feel, with most occupants being independent homeowners, and it's considered a very safe place to live, with a crime rate 33.1% lower than the state and 53.4% lower than the national average.
What are some fun things to do in Fairview?
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There are plenty of fun things to do in Fairview, NJ, such as visiting the Ascension Greek Orthodox Church, checking out Choice Collectibles, singing your heart out at Time Karaoke Bar & Rooms, or exploring the surrounding areas, like Paramus, which is known as the shopping capital of NJ, with three malls: Garden State Plaza, Bergen Town Center, and Paramus Park Mall. You can also visit the Holland Bikes Rental & Guided Tours or enjoy the beauty of nature at one of the many parks in the area.
What is the food scene like in Fairview?
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The food scene in Fairview, NJ, is diverse and exciting, with a range of options to suit every taste. You can find great Italian food at places like Tutto A Modo Mio, Patsys Bistro, Porto By Antonio, Garden Pizza, Di Palma Brothers, and Trattoria La. For a unique dining experience, try Balochistan Restaurant, which serves traditional Balochi cuisine. There are also plenty of great food trucks and hidden gem restaurants, like Park West Tavern, Cafe37, and Latour, which offer elevated bar food, great drinks, and authentic Italian dishes. Don't forget to check out The Beacon Diner, a must-visit eatery in Fairview, NJ.
What are the pros and cons of living in Fairview?
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The pros of living in Fairview, NJ, include its safe and suburban environment, with a low crime rate, and a range of amenities, such as parks, restaurants, and shops. However, some cons include the relatively high cost of living, with a median property value of $389,900 and a median household income of $48,532, which may make it challenging for some people to afford. Additionally, the poverty rate is 15.6%, which is a concern. Overall, Fairview is a great place to live for those who value a safe and suburban environment, but it may not be the best fit for everyone.
Is Fairview a good place to live?
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Fairview, NJ, is a great place to live for those who value a safe and suburban environment, with a range of amenities and a low crime rate. While it may have some drawbacks, such as a relatively high cost of living and a poverty rate of 15.6%, the pros outweigh the cons for many people. With its friendly atmosphere, beautiful parks, and diverse food scene, Fairview is an excellent choice for families, young professionals, and anyone looking for a comfortable and convenient place to call home.
⭐ 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 Fairview NJ Commercial Property: $48,532
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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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