Española, NM Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Española, New Mexico Market population: 10K. 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 Española NM Properties: 0.5500%
⭐ 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 Española NM
Common questions from investors exploring commercial real estate in Española NM.
What's the overall investment potential of Española, NM, considering its demographic and economic indicators?
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The city's 30.4% poverty rate and $25,747 median household income suggest a challenging market, but the 86.4% health insurance coverage and 17.5-minute average commute time indicate a degree of stability and accessibility, making it a potential investment opportunity for those targeting affordable housing or rental properties, particularly in the health care and social assistance industry, which is a top employer in the area.
How does the ethnic diversity and industry mix in Española, NM impact the local real estate market?
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The city's diverse population, with top ethnicities including Hispanic or Latino, White alone, and American Indian or Alaska Native alone, contributes to a vibrant cultural scene, while the dominance of health care and social assistance, retail trade, and accommodation and food services industries supports a stable demand for housing, especially considering the relatively low median property value of $143,400 and median property taxes of $791.
What are the implications of Española, NM's poverty rate and health insurance coverage for real estate investors?
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The 30.4% poverty rate combined with 86.4% health insurance coverage suggests a working-class market with some employment stability, which can be attractive for investors targeting affordable rental properties, and the fact that the top industries include health care and social assistance, which tend to provide stable employment and benefits, including health insurance, further supports this assessment.
How do commute times and transportation methods in Española, NM affect the quality of life and real estate investment potential?
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The 17.5-minute average commute time and the prevalence of driving alone, carpooling, and walking as top commute methods indicate a relatively convenient and accessible location, which enhances the quality of life for residents and can support higher property values and rental yields, particularly in areas with good transportation links to the city's major employment centers in health care, retail, and accommodation.
What role do the Gini coefficient and homeownership rate play in assessing the investment potential of Española, NM's real estate market?
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The Gini coefficient of 0.474 suggests a moderate level of income inequality, which, combined with a homeownership rate of 70.5%, indicates a market with a significant proportion of owner-occupied homes but also room for rental investment, especially considering the median household income and poverty rate, and investors may find opportunities in providing affordable housing options that cater to the local demographic and economic profile.
Española NM Real Estate & City Facts
Key facts and real estate information about Española NM.
What are some of the best neighborhoods to live in Española?
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Some of the best neighborhoods to live in Española include the northwest parts of the city, which tend to be more desired, and the central regions, which offer more affordable homes. Specifically, neighborhoods like Española-Hernandez are known for their historic architecture and safety.
What are some fun things to do in Española?
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There are plenty of fun things to do in Española, including visiting the Puye Cliff Dwellings, taking a scenic drive on the Low Road From Taos and Santa Fe, and exploring the Los Luceros Historic Site. You can also visit the Georgia O'Keeffe Museum, Santa Fe Plaza, and Santuario De Chimayo.
What is the food scene like in Española?
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The food scene in Española is vibrant and diverse, with a range of restaurants serving traditional New Mexican cuisine. Some popular spots include El Parasol, Ken'z Cuisine, and Dandy Burger. There are also plenty of great food trucks and casual eateries to grab a quick bite.
What are the pros and cons of living in Española?
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Living in Española has its pros and cons. On the plus side, the city has a rich cultural heritage, beautiful scenery, and a strong sense of community. However, it also struggles with issues like poverty, crime, and homelessness. Additionally, some areas of the city can be quite rural, which may not be suitable for everyone.
Is Española a good place to live?
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Whether or not Española is a good place to live depends on your individual preferences and priorities. If you value a strong sense of community, rich cultural heritage, and beautiful scenery, then Española may be a great fit for you. However, if you're looking for a more urban lifestyle or are concerned about issues like poverty and crime, you may want to consider other options. Ultimately, it's worth visiting Española and getting a feel for the city before making a decision.
⭐ 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 Española NM Commercial Property: $25,747
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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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