Braddock, ND Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Braddock, North Dakota Market population: 244K. Compare commercial properties across all major asset classes...
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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 Braddock VA Properties: 1.8900%
⭐ 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 Braddock VA
Common questions from investors exploring commercial real estate in Braddock VA.
What's the overall investment outlook for Norfolk, VA, considering its demographics and economy?
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Norfolk's median household income of $44,747, combined with an 18.9% poverty rate and 87.1% health insurance coverage, suggests a relatively stable market with opportunities for growth. The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community. Additionally, the strong presence of industries like Public Administration and Finance & Insurance indicates a solid economic foundation.
How does the city's commute time and transportation infrastructure impact rental demand?
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The average commute time of 21.5 minutes in Norfolk, along with the top commute methods being Drove Alone, Walked, and Worked At Home, indicates a well-planned transportation infrastructure that supports renters' needs. This, coupled with the city's median property value of $202,800 and a homeownership rate of 44.0%, suggests a balanced market with opportunities for both renters and buyers.
What role does ethnic diversity play in shaping the local real estate market?
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The ethnic diversity in Norfolk, with White, White Non-Hispanic, and Black being the top ethnicities, contributes to a culturally rich and dynamic community. This diversity, combined with the city's median age of 29.8 and an employed population of 102,347, creates a strong demand for housing from a variety of demographic groups, making it an attractive market for real estate investors.
How do income inequality and poverty rates affect the quality of tenants in Norfolk?
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The GINI coefficient of 0.47, indicating moderate income inequality, and a poverty rate of 18.9%, suggest that while there are challenges, the overall economic stability and 87.1% health insurance coverage contribute to a relatively reliable tenant base. Investors should consider these factors when assessing potential rental income and property management strategies.
What are the key factors influencing property values and rental yields in Norfolk?
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The median property value of $202,800, median property taxes of $38,066, and a homeownership rate of 44.0% are crucial in determining property values and rental yields in Norfolk. Additionally, the city's top industries, including Public Administration and Finance & Insurance, drive employment and, consequently, housing demand, making it essential for investors to consider these factors when evaluating potential returns on investment.
Braddock VA Real Estate & City Facts
Key facts and real estate information about Braddock VA.
What are some of the best neighborhoods to live in Norfolk?
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Unfortunately, I was unable to find specific information about the best neighborhoods to live in Norfolk, VA. However, the area around downtown Norfolk seems to be a hub for activity and has a variety of restaurants and shops.
What are some fun things to do in Norfolk?
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There are several fun things to do in Norfolk, VA. You can visit the Waterside District and explore the surrounding area, which has a variety of restaurants and shops. You can also check out the Norfolk Botanical Garden, which features beautiful gardens and a variety of plant species.
What is the food scene like in Norfolk?
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The food scene in Norfolk, VA is diverse and has something for everyone. You can find seafood, Southern cuisine, and American fare, among other options. Some popular restaurants in the area include The Ten Top and Byzantium.
What are the pros and cons of living in Norfolk?
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The pros of living in Norfolk, VA include its convenient location near the waterfront, which provides easy access to outdoor activities. The area also has a variety of restaurants and shops, making it a great place to live for those who want to be close to amenities. However, I was unable to find specific information about the cons of living in Norfolk.
Is Norfolk a good place to live?
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Based on the information I was able to find, Norfolk, VA seems to be a convenient and amenity-rich area to live, with a variety of restaurants and shops nearby. However, I would recommend doing further research to get a more complete picture of the area and its pros and cons.
⭐ 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 Braddock VA Commercial Property: $44,747
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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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