Wilmore, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wilmore, Kentucky Market population: 6K. Compare commercial properties across all major asset classes with...
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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 Wilmore KY Properties: 1.0600%
⭐ 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 Wilmore KY
Common questions from investors exploring commercial real estate in Wilmore KY.
What's the overall investment potential of Wilmore, KY, considering its demographics and economy?
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Wilmore, KY's investment potential is promising, given its median household income of $43,419, a relatively high poverty rate of 18.5%, and a strong presence of educational services and health care industries, which suggests a stable workforce. The city's diverse population, with 83.2% White, 12.2% Black or African American, and 2.1% Asian, also indicates a potential for varied market demand. With an average commute time of 20.2 minutes and 95.1% health insurance coverage, the quality of life for residents is relatively high, making it an attractive location for investors.
How does the poverty rate and health insurance coverage impact the tenant quality in Wilmore, KY?
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The 18.5% poverty rate in Wilmore, KY, combined with 95.1% health insurance coverage, suggests a working-class market with some employment stability, as most residents have access to healthcare. This, along with a median age of 26.4 and top industries in educational services and health care, indicates a potential for reliable tenants. Additionally, the foreign-born rate of 7.4% and diverse top ethnicities contribute to a dynamic population mix, which can positively impact the rental market.
What role do commute times and top industries play in assessing market stability in Wilmore, KY?
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The average commute time of 20.2 minutes in Wilmore, KY, along with the top commute methods being drove alone (83.2%) and carpooled (10.3%), suggests solid infrastructure for commuters and potential renters. The presence of top industries like educational services, health care, and retail trade provides a stable economic base, contributing to market stability. This stability, coupled with a median property value of $143,400 and a homeownership rate of 51.1%, makes Wilmore an attractive location for real estate investment.
How does ethnic diversity and the presence of top industries influence market demand in Wilmore, KY?
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The ethnic diversity in Wilmore, KY, with a mix of White (83.2%), Black or African American (12.2%), and Asian (2.1%) populations, indicates a potential for varied market demand, catering to different demographic needs. The top industries, including educational services and health care, not only provide employment opportunities but also attract a diverse workforce, further diversifying market demand. This diversity, combined with a relatively low poverty rate and high health insurance coverage, suggests a resilient market with opportunities for growth.
What insights can be gained from the combination of poverty rate, income inequality, and health insurance coverage for real estate investment in Wilmore, KY?
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The combination of an 18.5% poverty rate, a GINI coefficient of 0.421 indicating moderate income inequality, and 95.1% health insurance coverage in Wilmore, KY, provides a nuanced view of the market. It suggests a population with access to healthcare, which can lead to a more stable tenant base, despite the poverty rate. The median household income of $43,419 and employed population of 2,555 further support the potential for a stable rental market, making Wilmore a viable option for real estate investors looking for balanced risk and return.
What are some of the best neighborhoods to live in Wilmore?
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Some of the best neighborhoods to live in Wilmore include the City of Wilmore, which is known for its peaceful and family-friendly atmosphere, and Gardenside, which is a quiet and desirable neighborhood. Additionally, neighborhoods like Junction and those near the Wilmore Railroad Station Historical area are also popular choices.
What are some fun things to do in Wilmore?
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There are plenty of fun things to do in Wilmore, including visiting the Wilmore Railroad Station Historical, exploring the local parks and trails, and checking out the town's charming shops and restaurants. You can also find a variety of events and activities on websites like Eventbrite and Tripadvisor.
What is the food scene like in Wilmore?
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The food scene in Wilmore is diverse and offers a range of options, from Chinese restaurants like Great Wall Restaurant to American cuisine at places like Solomon's Porch Cafe & Catering and Copper River Grill. There are also plenty of great food trucks and delivery options available through services like Uber Eats.
What are the pros and cons of living in Wilmore?
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Some pros of living in Wilmore include its strong sense of community, quiet and safe neighborhoods, and easy access to outdoor recreation. However, some cons might include limited job opportunities and a relatively small town feel, which may not be suitable for everyone. Additionally, some areas may be prone to flooding, so it's essential to research and choose a neighborhood wisely.
Is Wilmore a good place to live?
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Wilmore can be a great place to live for those who value a close-knit community, a peaceful atmosphere, and plenty of opportunities for outdoor activities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, Wilmore offers a unique charm and a high quality of life for those who appreciate its small-town character.
Wilmore KY Real Estate & City Facts
Key facts and real estate information about Wilmore KY.
What are some of the best neighborhoods to live in Wilmore?
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Some of the best neighborhoods to live in Wilmore include the City of Wilmore, which is known for its peaceful and family-friendly atmosphere, and Gardenside, which is a quiet and desirable neighborhood. Additionally, neighborhoods like Junction and those near the Wilmore Railroad Station Historical area are also popular choices.
What are some fun things to do in Wilmore?
+
There are plenty of fun things to do in Wilmore, including visiting the Wilmore Railroad Station Historical, exploring the local parks and trails, and checking out the town's charming shops and restaurants. You can also find a variety of events and activities on websites like Eventbrite and Tripadvisor.
What is the food scene like in Wilmore?
+
The food scene in Wilmore is diverse and offers a range of options, from Chinese restaurants like Great Wall Restaurant to American cuisine at places like Solomon's Porch Cafe & Catering and Copper River Grill. There are also plenty of great food trucks and delivery options available through services like Uber Eats.
What are the pros and cons of living in Wilmore?
+
Some pros of living in Wilmore include its strong sense of community, quiet and safe neighborhoods, and easy access to outdoor recreation. However, some cons might include limited job opportunities and a relatively small town feel, which may not be suitable for everyone. Additionally, some areas may be prone to flooding, so it's essential to research and choose a neighborhood wisely.
Is Wilmore a good place to live?
+
Wilmore can be a great place to live for those who value a close-knit community, a peaceful atmosphere, and plenty of opportunities for outdoor activities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, Wilmore offers a unique charm and a high quality of life for those who appreciate its small-town character.
⭐ 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 Wilmore KY Commercial Property: $43,419
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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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