El Mirage, AZ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in El Mirage, Arizona Market population: 32K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 El Mirage AZ Properties: 35.0000%
⭐ 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 El Mirage AZ
Common questions from investors exploring commercial real estate in El Mirage AZ.
What is the overall investment potential of El Mirage, AZ, considering its demographic and economic factors?
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The city's median household income of $47,159, combined with a poverty rate of 16.5% and a health insurance coverage rate of 86.5%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Transportation & Warehousing and Construction, also indicate a diverse economy, which can contribute to a stable rental market. Additionally, the city's ethnic diversity, with a mix of White, Hispanic, and White Non-Hispanic populations, can attract a wide range of tenants.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential tenants in El Mirage, AZ?
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The average commute time of 31.8 minutes, with top commute methods including Drove Alone, Worked At Home, and Carpooled, suggests a relatively manageable commute time, which can contribute to a higher quality of life for residents. This, combined with the city's health insurance coverage rate of 86.5% and a relatively low poverty rate of 16.5%, indicates a stable and attractive market for renters. The diversity of commute methods also suggests a flexible and adaptable workforce, which can be beneficial for investors.
What are the implications of the city's income inequality and poverty rate on the rental market and tenant quality in El Mirage, AZ?
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The GINI coefficient of 0.374, indicating a moderate level of income inequality, combined with a poverty rate of 16.5%, suggests that investors should be prepared for a mix of tenant profiles, including working-class and low-income residents. However, the city's health insurance coverage rate of 86.5% and a relatively high employment rate of 13,097 employed individuals, indicate a level of employment stability, which can contribute to a more reliable rental income stream. The top industries, including Transportation & Warehousing and Construction, also suggest a diverse economy, which can help mitigate the risks associated with income inequality.
How does the city's ethnic diversity and foreign-born population impact the demand for housing and rental properties in El Mirage, AZ?
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The city's ethnic diversity, with a mix of White, Hispanic, and White Non-Hispanic populations, and a foreign-born rate of 24.1%, suggests a culturally rich and diverse community, which can attract a wide range of tenants. This diversity, combined with the city's relatively affordable median property value of $95,800 and a median gross rent of $844, indicates a potentially high demand for rental properties, particularly among immigrant and minority populations. The top industries, including Transportation & Warehousing and Construction, also suggest a diverse economy, which can contribute to a stable and growing population.
What are the key factors that investors should consider when evaluating the potential for property appreciation and rental yields in El Mirage, AZ?
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Investors should consider the city's median property value of $95,800, median property taxes of $6,064, and a homeownership rate of 64.7%, which suggest a relatively affordable housing market with potential for appreciation. The city's health insurance coverage rate of 86.5%, average commute time of 31.8 minutes, and top industries, including Transportation & Warehousing and Construction, also indicate a stable and attractive market for renters, which can contribute to a relatively high rental yield. Additionally, the city's ethnic diversity and foreign-born population can attract a wide range of tenants, which can help mitigate the risks associated with rental income streams.
El Mirage AZ Real Estate & City Facts
Key facts and real estate information about El Mirage AZ.
What are some of the best neighborhoods to live in El Mirage?
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Some of the best neighborhoods to live in El Mirage include those near the El Mirage Dry Lake Off-Highway Vehicle Recreation Area, Walmart Supercenter, and Moreno Park. However, I was unable to find specific neighborhood names in my search results.
What are some fun things to do in El Mirage?
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There are plenty of fun things to do in El Mirage, including visiting the AZ Challenger Space Center, Sky Zone Indoor Trampoline Park, and Fightertown Paintball Park. You can also check out the dining and retail options at Westgate Entertainment District, or explore the nearby Wildlife World Zoo.
What is the food scene like in El Mirage?
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The food scene in El Mirage includes a variety of options such as La Bamba Mexican Grill Restaurant, Rio Mirage Cafe Y Cantina, and El Mirage Bar & Grill. There are also plenty of great food trucks and restaurants in the surrounding areas, including Vogue Bistro, Red Lobster, and Haldi Indian Cuisine.
What are the pros and cons of living in El Mirage?
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The pros of living in El Mirage include its proximity to Phoenix and the surrounding metro area, as well as its outdoor recreational opportunities. However, some cons include the potential for high crime rates and limited job opportunities. It's also worth noting that El Mirage is a smaller city, so some residents may find it lacking in terms of cultural and entertainment options.
Is El Mirage a good place to live?
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Whether or not El Mirage is a good place to live depends on your individual preferences and priorities. If you're looking for an affordable place to live with easy access to outdoor recreation, El Mirage may be a good choice. However, if you're looking for a more urban lifestyle with a wide range of cultural and entertainment options, you may want to consider other areas in the Phoenix metro area.
⭐ 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 El Mirage AZ Commercial Property: $47,159
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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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