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Penitas, TX Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Penitas, Texas Market population: 4K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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12 properties found
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Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Penitas TX Properties: 1.8400%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Penitas TX

Common questions from investors exploring commercial real estate in Penitas TX.

What's the overall investment outlook for Penitas, TX, considering its demographics and economy? +
The city's relatively high poverty rate of 27.0% and moderate health insurance coverage of 57.9% suggest a need for affordable housing, while its diverse population, with 48.9% Hispanic and 36.0% White, and top industries like Transportation & Warehousing and Manufacturing, indicate a stable demand for rentals. The average commute time of 22.8 minutes and high homeownership rate of 83.9% also point to a relatively stable quality of life.
How does the local economy impact real estate investment in Penitas, TX? +
The median household income of $34,866, combined with a poverty rate of 27.0% and an employed population of 1,596, suggests that investors should focus on affordable housing options. The GINI coefficient of 0.447 indicates a moderate level of income inequality, which, along with the top industries of Transportation & Warehousing and Manufacturing, implies a strong demand for workforce housing. The foreign-born rate of 25.8% and ethnic diversity also contribute to a vibrant local economy.
What are the key factors to consider when evaluating the housing market in Penitas, TX? +
The median property value of $81,600 and median property taxes of $783 are relatively low, making it an attractive market for investors. The high homeownership rate of 83.9% and average household size of 3.73 suggest a strong demand for single-family homes. Additionally, the health insurance coverage of 57.9% and average commute time of 22.8 minutes indicate a relatively stable quality of life, which can impact tenant retention and property values.
How does the quality of life in Penitas, TX affect its attractiveness to real estate investors? +
The city's average commute time of 22.8 minutes, top commute methods of driving alone and carpooling, and health insurance coverage of 57.9% all contribute to a relatively high quality of life. The poverty rate of 27.0% and unemployment rate of 5.6% are concerns, but the diverse population and top industries like Public Administration suggest a stable demand for housing. The median age of 25.7 and high school graduation rate of 64.2% also imply a growing and educated population.
What are the implications of Penitas, TX's demographic and economic trends for real estate investors? +
The city's growing population, with a median age of 25.7, and diverse ethnicities, including 48.9% Hispanic and 36.0% White, suggest a strong demand for housing. The top industries of Transportation & Warehousing and Manufacturing, combined with a moderate GINI coefficient of 0.447, imply a stable economy. The relatively low median property value of $81,600 and high homeownership rate of 83.9% make it an attractive market for investors, while the health insurance coverage of 57.9% and average commute time of 22.8 minutes indicate a relatively stable quality of life.

Penitas TX Real Estate & City Facts

Key facts and real estate information about Penitas TX.

What are some of the best neighborhoods to live in Penitas? +
Unfortunately, I was unable to find specific information about the best neighborhoods in Penitas. However, the city has a relatively low cost of living and a diverse community, with a mix of old and new homes. It's always a good idea to research and visit different areas to find the one that best fits your needs and preferences.
What are some fun things to do in Penitas? +
While Penitas is a small city, there are still some fun things to do in the area. You can visit the nearby Bentsen-Rio Grande Valley State Park for hiking and birdwatching, or explore the shops and restaurants in the nearby city of McAllen. There are also plenty of great food trucks and local eateries to try.
What is the food scene like in Penitas? +
The food scene in Penitas is a mix of traditional Tex-Mex and American cuisine. Some popular restaurants in the area include Rowdy River BBQ, Taqueria el Habanero, and Denny's. You can also find a variety of food trucks and local eateries serving everything from tacos to burgers.
What are the pros and cons of living in Penitas? +
One of the pros of living in Penitas is the relatively low cost of living, with a median home price of around $80,000. The city also has a diverse community and a mix of old and new homes. However, one of the cons is the limited job opportunities and higher poverty rate compared to other cities in the area. Additionally, the city's small size may not offer as many amenities or entertainment options as larger cities.
Is Penitas a good place to live? +
Whether or not Penitas is a good place to live depends on your individual needs and preferences. If you're looking for a small, tight-knit community with a low cost of living, Penitas may be a good fit. However, if you're looking for more job opportunities, amenities, or entertainment options, you may want to consider other cities in the area. It's always a good idea to research and visit a place before making a decision about where to live.
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Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Penitas TX Commercial Property: $34,866

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
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Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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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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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
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