Altamont, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Altamont, Tennessee Market population: 19K. 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 Altamont OR Properties: 0.7200%
⭐ 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 Altamont OR
Common questions from investors exploring commercial real estate in Altamont OR.
What's the overall investment outlook for Altamont, OR, considering its demographic and economic profile?
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The city's median household income of $43,374, combined with a poverty rate of 18.8% and a high health insurance coverage rate of 88.3%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Public Administration and Finance & Insurance, indicate a diverse economy, while the 15.2-minute average commute time and high homeownership rate of 66.9% point to a desirable quality of life.
How does the ethnic diversity and industry mix in Altamont impact the demand for housing and rentals?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant community, while the top industries, including Professional, Scientific, & Management, and Real Estate & Rental & Leasing, drive demand for housing and rentals. The median property value of $141,600 and median property taxes of $5,364 also suggest a relatively affordable housing market.
What are the implications of Altamont's commute patterns and health insurance coverage for real estate investors?
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The short average commute time of 15.2 minutes, with a high percentage of residents driving alone or carpooling, indicates convenient access to employment and services, making the area attractive to renters and homeowners alike. Additionally, the high health insurance coverage rate of 88.3% suggests a relatively stable and secure population, which can contribute to lower tenant turnover and more reliable rental income.
How does the income inequality and poverty rate in Altamont affect the quality of tenants and property values?
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The GINI coefficient of 0.391, indicating moderate income inequality, combined with a poverty rate of 18.8%, suggests that investors should be prepared for a mix of tenant profiles. However, the relatively high median household income and health insurance coverage rate mitigate some of these concerns, and the median property value of $141,600 suggests a relatively stable property market.
What role do the top industries and employed population play in shaping the real estate market in Altamont?
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The employed population of 7,802, with top industries including Public Administration, Professional, Scientific, & Management, and Finance & Insurance, drives demand for housing and rentals, particularly in the mid-to-upper range of the market. The diversity of industries also contributes to a resilient local economy, which can help support property values and rental yields over the long term.
Altamont OR Real Estate & City Facts
Key facts and real estate information about Altamont OR.
What are some of the best neighborhoods to live in Altamont?
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Unfortunately, I was unable to find specific information about the best neighborhoods in Altamont, OR. However, I can suggest that you research local areas such as those near parks or schools, which are often desirable for families and individuals alike.
What are some fun things to do in Altamont?
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While I couldn't find much information about Altamont, OR, I did come across some attractions in other cities with the same name. For example, in Altamont, NY, you can visit the Altamont Vineyard & Winery or the Indian Ladder Farmstead Cidery and Brewery. It's possible that Altamont, OR has similar attractions, but I would recommend researching local events and activities to find the best fit for your interests.
What is the food scene like in Altamont?
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From my research, it seems that Altamont, OR has a limited but growing food scene. I found a few restaurants listed online, including Alchemy Restaurant and Bar, Hearsay Restaurant Lounge and Garden, and Chateaubriand 36. There are also plenty of great food trucks and local eateries in the surrounding area that might be worth exploring.
What are the pros and cons of living in Altamont?
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The pros of living in Altamont, OR likely include a strong sense of community, affordable housing, and access to outdoor activities. However, the cons might include limited job opportunities, a small town feel that might not be suitable for everyone, and a lack of diversity in terms of restaurants and cultural events. Ultimately, the decision to live in Altamont would depend on your individual priorities and preferences.
Is Altamont a good place to live?
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Based on my research, Altamont, OR seems like a charming small town with a lot to offer, but it may not be the best fit for everyone. If you're looking for a close-knit community and a relaxed pace of life, Altamont might be a great choice. However, if you prefer a more urban lifestyle with access to a wide range of amenities and cultural events, you might want to consider other options.
⭐ 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 Altamont OR Commercial Property: $43,374
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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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