Somerton, AZ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Somerton, Arizona Market population: 15K. Explore income-producing properties with verified cap rates and operating...
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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 Somerton AZ Properties: 0.8100%
⭐ 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 Somerton AZ
Common questions from investors exploring commercial real estate in Somerton AZ.
What's the overall investment potential of Somerton, AZ, considering its demographics and economy?
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Somerton's 24.5% poverty rate and $29,500 median household income suggest a working-class market, but its 78.5% health insurance coverage and 23.8-minute average commute time indicate a level of employment stability and infrastructure that could support rental demand, particularly from the 48.3% Hispanic population and 34.9% White population who may be employed in the top industries of Public Administration and Manufacturing.
How does the city's ethnic diversity and industry mix impact market demand for real estate investments?
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The diversity of Somerton, with Hispanic, White, and Two Or More ethnicities, combined with its top industries in Public Administration, Professional Services, and Manufacturing, suggests a stable and growing demand for housing, especially considering the city's 69.3% homeownership rate and relatively low median property value of $120,500, which could attract both homeowners and renters from these industries.
What are the implications of Somerton's poverty rate and health insurance coverage for tenant quality and rental yields?
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The 24.5% poverty rate in Somerton, coupled with a 78.5% health insurance coverage, implies a tenant base that, while potentially vulnerable to economic downturns, also has a significant level of employment and access to healthcare, which could contribute to more stable rental incomes, especially in a city with a relatively short 23.8-minute average commute time that facilitates employment opportunities.
How do commute times and transportation methods in Somerton affect the quality of life for residents and, by extension, the attractiveness of real estate investments?
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Somerton's average commute time of 23.8 minutes, with top commute methods including driving alone, carpooling, and working from home, suggests a manageable and flexible commute environment that can enhance the quality of life for residents, making the area more appealing for both living and investing, particularly when combined with the city's diverse ethnic makeup and strong presence of industries like Public Administration and Manufacturing.
What insights can be gleaned from Somerton's income inequality, median property value, and property taxes for real estate investment strategies?
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The GINI coefficient of 0.422 indicates a moderate level of income inequality in Somerton, which, when considered alongside the median property value of $120,500 and median property taxes of $3,005, suggests that investors should focus on affordable housing solutions that cater to the working-class demographic, potentially offering more stable rental yields and appreciation in property value over time, especially given the city's 69.3% homeownership rate and the demand from its diverse population.
Somerton AZ Real Estate & City Facts
Key facts and real estate information about Somerton AZ.
What are some of the best neighborhoods to live in Somerton?
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Some of the best neighborhoods to live in Somerton include Rancho Mesa Verde, Orange Grove Mobile Manor, and Falls Ranch. These neighborhoods offer a peaceful and well-maintained environment, with clean streets and beautiful homes. Additionally, areas like Maricopa are also considered nice, being a new town with modern and clean infrastructure.
What are some fun things to do in Somerton?
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There are several fun things to do in Somerton, including visiting the Cocopah Speedway, Cocopah Casino, and Cocopah Museum. You can also explore the Historic Main Street, which offers a glimpse into the town's past. Other attractions include the Wild River Family Entertainment Center and Desert Horse Adventures. The city also hosts various events throughout the year, making it a great place to experience community activities.
What is the food scene like in Somerton?
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The food scene in Somerton is diverse, with a variety of restaurants serving different cuisines. Some popular restaurants include La Cabana Breakfast And Grill, Mariscos El Ancla, and La Isla, which serve Mexican food. You can also find other options like the Main Street Cafe, Tacos El Cachanilla, and Dragon Cafe. There are also plenty of great food trucks and cafes in the area, offering a range of dining experiences.
What are the pros and cons of living in Somerton?
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The pros of living in Somerton include its peaceful and well-maintained neighborhoods, low cost of living, and a growing community with various events and activities. However, some cons include the limited job opportunities and lower median household income compared to other areas. Additionally, the city's remote location might be a drawback for some. Despite these challenges, Somerton offers a unique blend of small-town charm and modern amenities, making it an attractive option for those looking for a quieter pace of life.
Is Somerton a good place to live?
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Somerton can be a good place to live for those who value a peaceful and affordable lifestyle. The city offers a range of amenities, including restaurants, shops, and community events, and is surrounded by natural beauty. While it may have its drawbacks, such as limited job opportunities, Somerton provides a unique and charming environment that can be ideal for families, retirees, or individuals looking for a slower pace of life. Ultimately, whether Somerton is a good place to live depends on your personal preferences and priorities.
⭐ 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 Somerton AZ Commercial Property: $29,500
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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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