West Lealman, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in West Lealman, Florida Market population: 15K. Explore income-producing properties with verified cap rates and...

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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 West Lealman FL Properties: 0.9800%

📊 Average Income For West Lealman FL Commercial Property: $31,806

Investor Questions For West Lealman FL

Common questions from investors exploring commercial real estate in West Lealman FL.

What's the overall investment potential of West Lealman, FL, considering its demographics and economy? +

With a median household income of $31,806 and a poverty rate of 16.0%, West Lealman's market may present opportunities for affordable housing investments, especially given the 85.2% health insurance coverage and relatively low average commute time of 23.8 minutes, indicating a stable workforce.

How does the city's ethnic diversity and industry landscape impact real estate demand? +

The diverse population, with top ethnicities including White (44.9%), White Non-Hispanic (41.3%), and Hispanic (5.3%), combined with key industries like Public Administration, Transportation & Warehousing, & Utilities, and Information, suggests a robust demand for housing from a varied and employed population, potentially supporting rental yields.

What are the implications of West Lealman's housing market statistics for real estate investors? +

The median property value of $80,500 and median property taxes of $1,344, along with a high homeownership rate of 74.3%, indicate a relatively affordable housing market, which could be attractive for investors looking to balance property costs with potential for appreciation and rental income, especially considering the city's commute methods and health insurance coverage.

How do quality of life metrics, such as commute time and health insurance coverage, influence market stability in West Lealman? +

The 23.8-minute average commute time and the prevalence of driving alone, working from home, and carpooling as top commute methods, coupled with an 85.2% health insurance coverage rate, suggest a city with good infrastructure and a relatively healthy, stable workforce, which are positive indicators for market stability and potential for long-term investment growth.

What role does the city's income inequality and employment rate play in assessing tenant quality and investment risk? +

West Lealman's GINI coefficient of 0.43 and an employed population of 5,899 out of 14,732 residents, alongside a poverty rate of 16.0%, imply a working-class market with some income variability, but the overall employment rate and health insurance coverage suggest a degree of stability, which investors should consider when evaluating tenant quality and potential investment risks and returns.

West Lealman FL Real Estate & City Facts

Key facts and real estate information about West Lealman FL.

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

Some of the best neighborhoods to live in West Lealman include the areas between 49th and 66th streets, which are considered pretty decent. Additionally, neighborhoods like those found in the Lealman area, which is a fairly big area, including West Lealman and East Lealman, are also popular. However, it's worth noting that the area closer to 34th street is considered shadier.

What are some fun things to do in West Lealman? +

There are plenty of fun things to do in West Lealman, including visiting the nearby St. Petersburg area, which has a vibrant arts scene, beautiful beaches, and a variety of attractions like the Chihuly Collection, Imagine Museum, and Museum of Fine Arts. You can also take a ferry to Shell Key, go on a kayak tour, or visit the James Museum of Western & Wildlife Art.

What is the food scene like in West Lealman? +

The food scene in West Lealman is diverse and exciting, with a variety of restaurants serving different cuisines. Some popular spots include El Cap, which serves thick, juicy burgers, and Ceviche Tapas Bar & Restaurant, which offers a range of Spanish-Cuban dishes. There are also plenty of great food trucks and local eateries to try.

What are the pros and cons of living in West Lealman? +

The pros of living in West Lealman include its affordable housing options, with a median property value of $80,500, and its relatively low cost of living. However, the area also has a higher crime rate, with a violent crime rate of 410.9 per 100,000, and a property crime rate of 3,514.1 per 100,000. Additionally, the area has a higher poverty rate, with 16.0% of the population living below the poverty line.

Is West Lealman a good place to live? +

West Lealman can be a good place to live for those who are looking for an affordable housing option and a relatively low cost of living. However, it's worth considering the area's higher crime rate and poverty rate. Ultimately, whether or not West Lealman is a good place to live depends on your individual priorities and needs. It's a good idea to visit the area and get a feel for the community before making a decision.

West Lealman, 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 West Lealman FL Properties: 0.9800%

📊 Average Income For West Lealman FL Commercial Property: $31,806

Investor Questions For West Lealman FL

West Lealman FL Real Estate & City Facts

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