Greenacres, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Greenacres, Florida Market population: 38K. Compare commercial properties across all major asset classes with...

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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 Greenacres FL Properties: 1.3200%

📊 Average Income For Greenacres FL Commercial Property: $41,716

Investor Questions For Greenacres FL

Common questions from investors exploring commercial real estate in Greenacres FL.

What is the overall investment potential of Greenacres, FL, considering its demographic and economic factors? +

Greenacres, FL, with a population of 37,940 and a median age of 36.2, presents a stable investment market, given its median household income of $41,716 and a relatively high poverty rate of 16.3%, which is somewhat mitigated by a health insurance coverage rate of 76.4%, indicating a degree of employment stability and access to healthcare for its residents.

How does the ethnic diversity and industry mix in Greenacres impact the demand for real estate? +

The city's ethnic diversity, with top ethnicities being White (33.7%), Hispanic (24.2%), and White Non-Hispanic (17.7%), alongside its foreign-born rate of 24.5%, suggests a culturally rich and potentially vibrant market. The top industries, including Public Administration, Finance & Insurance, and Construction, indicate a stable employment base, which can drive demand for housing and commercial properties.

What are the implications of the commute time and health insurance rate for real estate investors in Greenacres? +

The average commute time of 26.5 minutes, with the majority driving alone or carpooling, and a health insurance coverage rate of 76.4%, suggest a market with relatively good infrastructure for commuters and a level of employment stability, which can contribute to a stable rental market and attract potential buyers.

How do poverty rates and income inequality affect the real estate investment landscape in Greenacres? +

The poverty rate of 16.3% and a GINI coefficient of 0.406 indicate income inequality, which investors should consider when assessing potential returns and tenant quality. However, the median household income of $41,716 and the presence of stable industries can help offset these factors, suggesting a working-class market with potential for investment, especially in affordable housing.

What role do property values, taxes, and homeownership rates play in the investment decision for Greenacres, FL? +

With a median property value of $106,100 and median property taxes of $8,967, Greenacres offers relatively affordable properties. The homeownership rate of 64.3% suggests a strong preference for owning over renting, which can influence rental yields and property appreciation. Investors should consider these factors when evaluating potential for long-term appreciation and rental income in the area.

Greenacres FL Real Estate & City Facts

Key facts and real estate information about Greenacres FL.

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

Some of the best neighborhoods to live in Greenacres, FL, include Nautica Isles, The Reserve at Summit, Verona Estates, River Bridge, Biscayne - 55th, and Greenacres. These neighborhoods offer a range of housing options and amenities, and are popular among families and professionals alike.

What are some fun things to do in Greenacres? +

There are plenty of fun things to do in Greenacres, FL, including visiting the American Polish Club, Rambo Park, Bowman Park, Ira Van Bullock Park, Mounts Botanical Garden, Okeeheelee Park, and Palm Beach Market Place Shopping Center. You can also explore the great outdoors, go hiking or cycling, or visit one of the many beaches in the area.

What is the food scene like in Greenacres? +

The food scene in Greenacres, FL, is diverse and exciting, with a range of restaurants serving everything from traditional American cuisine to international flavors. Some popular restaurants in the area include Back Home Restaurant & Bar, The Fig & Barrel, Off The Clock, The House, Swifty's, Happy, Eagle Grill & Oyster Bar, New York Style Pizza, Iberia Bar & Grill, and Tomatoes Pizzeria. There are also plenty of great food trucks and casual eateries to try.

What are the pros and cons of living in Greenacres? +

The pros of living in Greenacres, FL, include its beautiful parks and outdoor spaces, diverse community, and range of housing options. However, some cons include traffic and congestion in certain areas, and limited public transportation options. Additionally, the city can be quite crowded during peak season, which may be a drawback for some residents. Overall, Greenacres is a great place to live for those who value a strong sense of community and plenty of outdoor activities.

Is Greenacres a good place to live? +

Yes, Greenacres, FL, is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its beautiful parks, diverse community, and range of housing options, Greenacres is an attractive option for families, professionals, and retirees alike. While it may have some drawbacks, such as traffic and congestion, the city's many pros make it a great choice for those looking for a warm and welcoming place to call home.

Greenacres, 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 Greenacres FL Properties: 1.3200%

📊 Average Income For Greenacres FL Commercial Property: $41,716

Investor Questions For Greenacres FL

Greenacres FL Real Estate & City Facts

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