Carrboro, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Carrboro, North Carolina Market population: 20K. Explore income-producing properties with verified cap rates and...
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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 Carrboro NC Properties: 1.7500%
⭐ 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 Carrboro NC
Common questions from investors exploring commercial real estate in Carrboro NC.
What is the overall investment potential of Carrboro, NC, considering its demographic and economic factors?
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Carrboro's median household income of $46,803, combined with a relatively low poverty rate of 14.1% and high health insurance coverage of 90.4%, suggests a stable market with a strong potential for rental income. The town's diverse population, with top ethnicities including White, White Non-Hispanic, and Black, and a foreign born rate of 24.1%, indicates a culturally rich community that could attract a variety of tenants. Additionally, the average commute time of 21.3 minutes and top commute methods of driving alone, working from home, and using public transit, show a well-connected town with flexible transportation options.
How does the local economy impact the real estate market in Carrboro, NC?
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The local economy in Carrboro, driven by top industries such as manufacturing, information, and wholesale trade, provides a solid foundation for employment and income stability, which is crucial for a healthy real estate market. With an employed population of 11,512 and a median property value of $337,000, the town offers a balance of affordability and investment potential. Furthermore, the GINI coefficient of 0.525 indicates a moderate level of income inequality, which, when considered alongside the poverty rate and health insurance coverage, suggests a relatively stable tenant base.
What are the key factors to consider when evaluating the quality of life in Carrboro, NC, for real estate investment purposes?
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When assessing the quality of life in Carrboro for investment purposes, factors such as the average commute time of 21.3 minutes, health insurance coverage of 90.4%, and a low violent crime rate of 0.35 per 1,000 residents, are crucial. These metrics indicate a safe, connected, and healthy community, which can contribute to higher property values and rental yields. Additionally, the town's high school graduation rate of 94.5% and the prevalence of bachelor's degrees or higher among the population, suggest a well-educated and potentially more stable tenant base.
How does the demographic diversity of Carrboro, NC, influence its real estate market?
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The demographic diversity of Carrboro, with its mix of White, White Non-Hispanic, and Black populations, and a significant foreign born rate of 24.1%, can contribute to a vibrant and attractive community for both residents and investors. This diversity, combined with a median age of 30.6 and a variety of top occupations including management, business, science, arts, and office administration, suggests a dynamic and potentially growing market with a wide range of housing needs and preferences.
What insights can be gleaned from the housing market data in Carrboro, NC, for investment decisions?
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The housing market in Carrboro, characterized by a median property value of $337,000, median property taxes of $3,191, and a homeownership rate of 41.7%, presents a mix of opportunities and challenges for investors. The relatively high median property value and taxes may impact rental yields, but the town's diverse economy, good quality of life metrics, and demographic trends could support long-term appreciation in property values, making it an attractive location for real estate investment.
Carrboro NC Real Estate & City Facts
Key facts and real estate information about Carrboro NC.
What are some of the best neighborhoods to live in Carrboro?
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Some of the best neighborhoods to live in Carrboro include Southern Village, Royal Park, and Hillsborough. These neighborhoods offer a mix of affordability, amenities, and small-town charm. For example, Southern Village has a lively music scene and diverse art galleries, while Royal Park is known for its friendly faces and locally owned shops.
What are some fun things to do in Carrboro?
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There are plenty of fun things to do in Carrboro, including visiting the Peel Gallery, a contemporary art space showcasing emerging and established artists. You can also explore the town's vibrant food scene, which includes restaurants like Oakleaf, Acme Food & Beverage Co., and Pizzeria Mercato. Additionally, the town hosts an art walk every second Friday, where you can walk around downtown and enjoy local artists, free wine, and live music.
What is the food scene like in Carrboro?
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The food scene in Carrboro is diverse and emphasizes the farm-to-table feel. You can find a range of restaurants serving everything from authentic Thai cuisine at Thai Station to refined farm-to-table dining at Oakleaf. There are also plenty of great food trucks and cafes, like the Open Eye Cafe, which serves up delicious coffee and pastries. And don't forget to check out the town's renowned farmers' market, which offers fresh produce and local goods.
What are the pros and cons of living in Carrboro?
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One of the pros of living in Carrboro is its small-town charm and friendly community. The town has a lively music scene, diverse art galleries, and a range of independent shops and restaurants. However, one of the cons is that it can be a bit pricey, with a median property value of $337,000. Additionally, some residents have noted that the town can feel a bit crowded and parking can be a challenge. Overall, though, Carrboro is a great place to live for those who value a strong sense of community and a vibrant cultural scene.
Is Carrboro a good place to live?
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Yes, Carrboro is a good place to live for many people. The town offers a unique blend of small-town charm and big-city amenities, with a range of cultural attractions, restaurants, and outdoor activities to enjoy. While it may have some drawbacks, such as a higher cost of living, the pros of living in Carrboro far outweigh the cons for many residents. With its friendly community, vibrant food scene, and lively music scene, Carrboro is a great choice for those looking for a fun and fulfilling place to call home.
⭐ 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 Carrboro NC Commercial Property: $46,803
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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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