Vernon, AZ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Vernon, Arizona Market population: 11K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Vernon TX Properties: 2.0200%
⭐ 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 Vernon TX
Common questions from investors exploring commercial real estate in Vernon TX.
What's the overall investment potential of Vernon, TX, considering its demographics and economy?
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Vernon's median household income of $38,434, combined with a poverty rate of 19.5% and a health insurance coverage of 84.5%, suggests a working-class market with some employment stability, which could be attractive for investors looking for affordable housing opportunities. The city's top industries, including Finance & Insurance and Manufacturing, also indicate a diverse economy. Additionally, the average commute time of 12.7 minutes and high homeownership rate of 60.2% suggest a stable quality of life.
How does the ethnic diversity and foreign-born population impact the local real estate market in Vernon?
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The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 15.6%, could contribute to a culturally rich and dynamic community, potentially attracting businesses and residents. This diversity, paired with the median property value of $57,000 and median property taxes of $2,763, may indicate a relatively affordable and attractive market for investors and homeowners alike. The GINI coefficient of 0.434 also suggests a moderate level of income inequality, which could impact housing demand and affordability.
What are the implications of Vernon's commute times and health insurance coverage for real estate investors?
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The average commute time of 12.7 minutes and top commute methods, including driving alone and carpooling, indicate a relatively convenient and accessible location, which could be a draw for renters and homeowners. Furthermore, the health insurance coverage rate of 84.5% suggests a relatively stable and secure population, which could lead to lower tenant turnover rates and more reliable rental income for investors. This, combined with the employed population of 4,760, suggests a stable labor market and potential for long-term investment growth.
How do the top industries in Vernon impact the local real estate market and investment potential?
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The presence of top industries such as Finance & Insurance, Professional, Scientific, & Management, and Manufacturing suggests a diverse and relatively stable economy, which could lead to increased demand for housing and commercial properties. This, paired with the median household income of $38,434 and poverty rate of 19.5%, indicates a market with potential for growth and investment returns. The city's relatively high homeownership rate of 60.2% also suggests a strong sense of community and potential for long-term investment stability.
What are the key factors to consider when evaluating the quality of life and investment potential in Vernon?
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When evaluating the quality of life and investment potential in Vernon, key factors to consider include the average commute time of 12.7 minutes, health insurance coverage rate of 84.5%, and median property value of $57,000. Additionally, the city's ethnic diversity, foreign-born population, and top industries should be taken into account, as they can impact the local economy and housing market. The poverty rate of 19.5% and GINI coefficient of 0.434 also suggest a need for affordable housing options and potential for investment in this area, making it an attractive opportunity for investors looking to make a positive impact on the community.
Vernon TX Real Estate & City Facts
Key facts and real estate information about Vernon TX.
What are some of the best neighborhoods to live in Vernon?
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Some of the best neighborhoods to live in Vernon include Kelly St, Tronson rd/bella vista, foothills, BX, Coldstream, and lavington. These areas are known for their quiet and friendly atmosphere, with well-kept homes and a peaceful environment. Additionally, the City Center neighborhood is also a great option, with its unique character and exclusive NeighborhoodScout analysis.
What are some fun things to do in Vernon?
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There are plenty of fun things to do in Vernon, including visiting the Red River Valley Museum, the Wilbarger County Historical Museum, and the Vernon Plaza Theater. You can also explore the Great Western Trail, go hiking at Copper Breaks State Park, or check out the local shops and restaurants in the Vernon Square Shopping area. If you're looking for more adventure, you can also visit the Us Army Artillery Museum or the Kal park.
What is the food scene like in Vernon?
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The food scene in Vernon is diverse and delicious, with a range of restaurants serving different cuisines. Some popular options include Benito's Italian Café & Pizzeria, Rusty Spur Steakhouse and Saloon, Three Hearts Steakhouse, and Lupes Cocina Y Cantina. You can also find great cafes like Shelly's Cafe, Ratio, and Bean Scene, as well as Korean and Greek restaurants like Dorian's and Masiero. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Vernon?
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The pros of living in Vernon include its quiet and friendly neighborhoods, low cost of living, and plenty of outdoor recreational opportunities. However, some cons include the limited job opportunities and lower median household income compared to other cities. Additionally, some areas of Vernon may have a higher crime rate, so it's essential to research and choose a safe neighborhood. Overall, Vernon is a great option for those looking for a peaceful and affordable place to live, with a strong sense of community.
Is Vernon a good place to live?
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Vernon is a great place to live for those who value a quiet and peaceful environment, with a strong sense of community. While it may have some limitations in terms of job opportunities and amenities, the city offers a unique charm and a range of outdoor recreational activities. With its affordable cost of living and friendly neighborhoods, Vernon is an excellent option for families, retirees, and individuals looking for a relaxed pace of life. However, it's essential to weigh the pros and cons and consider your individual priorities and needs before making a decision.
⭐ 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 Vernon TX Commercial Property: $38,434
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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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