Spanaway, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Spanaway, Washington Market population: 29K. 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 Spanaway WA Properties: 1.0200%
⭐ 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 Spanaway WA
Common questions from investors exploring commercial real estate in Spanaway WA.
What's the overall investment potential of Spanaway, WA, considering its demographics and economy?
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With a median household income of $63,419 and a relatively low poverty rate of 12.1%, Spanaway, WA, presents a stable investment market, further strengthened by its diverse economy with top industries in Retail Trade, Healthcare & Social Assistance, and Manufacturing, serving a population of 28,985 with a median age of 34.4.
How does the city's ethnic diversity and commute time impact the rental market?
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The city's ethnic diversity, with 73.1% White, 8.5% Asian, and 7.3% Hispanic populations, contributes to a vibrant rental market, while the average commute time of 34.4 minutes, with 82.2% driving alone, indicates a need for convenient and accessible housing options, potentially benefiting investors who can offer such amenities.
What are the implications of the city's health insurance coverage and poverty rate for tenant quality?
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The 94.5% health insurance coverage combined with a 12.1% poverty rate suggests a market with a significant portion of the population having access to healthcare, which can imply a more stable tenant base, as those with health insurance may have more consistent income and employment, making them more reliable renters.
How do the top industries in Spanaway, WA, influence the demand for housing?
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The presence of Retail Trade, Healthcare & Social Assistance, and Manufacturing as top industries indicates a demand for housing that can accommodate workers in these sectors, potentially including families and individuals with a range of income levels, suggesting that investors could benefit from offering a variety of housing options to cater to different needs and budgets.
What role does the city's homeownership rate and median property value play in investment decisions?
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With a homeownership rate of 69.2% and a median property value of $243,400, Spanaway, WA, offers investors an opportunity to tap into a market where there is still a significant portion of renters, approximately 30.8%, and where property values are substantial, suggesting potential for appreciation in property value over time, making it an attractive location for real estate investment.
Spanaway WA Real Estate & City Facts
Key facts and real estate information about Spanaway WA.
What are some of the best neighborhoods to live in Spanaway?
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Some of the best neighborhoods to live in Spanaway include Autumn Woods, Spiritwood, and the Lake Spanaway/Spanaway Park area. These neighborhoods offer a peaceful and family-friendly atmosphere, with beautiful trees and parks, and are considered safe and quiet. However, it's always a good idea to do your own research and visit the neighborhoods in person to get a feel for which one might be the best fit for you.
What are some fun things to do in Spanaway?
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There are plenty of fun things to do in Spanaway, including visiting Old McDebbie's Farm, checking out the Fantasy Lights at Spanaway Park, and exploring the Washington State Fair Event Center. You can also visit the nearby Wapato Park, Debbie Dolittle's Petting Zoo, or play a round of golf at one of the local courses. If you're looking for something more adventurous, you could try skydiving with Skydive Kapowsin or take a whale-watching tour in the San Juan Islands.
What is the food scene like in Spanaway?
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The food scene in Spanaway is diverse and offers a range of options, from Japanese steakhouse Samurai's to Italian restaurant Marzano. You can also find great burgers at Foxy Lady Bikini Bar, or try some delicious teriyaki at Kampai Wings & Teriyaki. There are also plenty of great food trucks and cafes in the area, such as Country Rose Cafe and Mary Mary's Cafe. If you're looking for something a bit more upscale, you could try Stanley & Seafort's or Texas de Brazil - Tacoma.
What are the pros and cons of living in Spanaway?
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The pros of living in Spanaway include its peaceful and family-friendly atmosphere, beautiful parks and outdoor spaces, and convenient access to nearby cities like Tacoma. However, some cons include the potential for traffic and congestion, especially during rush hour, and the fact that some areas of the city can feel a bit suburban or rural. Additionally, the city may not have as many job opportunities or cultural attractions as some of the larger nearby cities.
Is Spanaway a good place to live?
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Overall, Spanaway can be a great place to live, especially for families or those looking for a peaceful and natural atmosphere. The city offers a range of amenities and activities, from outdoor recreation to cultural events, and is conveniently located near several major cities. However, as with any city, there are both pros and cons to consider, and it's ultimately up to each individual to decide whether Spanaway is the right fit for them. With its unique blend of natural beauty, small-town charm, and convenient access to urban amenities, Spanaway is definitely worth considering for those looking for a new 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 Spanaway WA Commercial Property: $63,419
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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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