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Garfield, CO Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Garfield, Colorado Market population: 31K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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πŸ“Š Average Cap Rate For Garfield NJ Properties: 5.7%

⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

πŸ“Š Avg Property Tax Rate For Garfield NJ Properties: 3.1200%

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

Investor Questions For Garfield NJ

Common questions from investors exploring commercial real estate in Garfield NJ.

What is the overall investment potential of Garfield, NJ, considering its demographic and economic factors? +
The city's median household income of $48,767, combined with a poverty rate of 15.4% and a health insurance coverage of 81.1%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Finance & Insurance and Construction, contribute to a diverse economy, while the 24.8-minute average commute time and public transit usage indicate a well-connected city. Additionally, the ethnic diversity, with 40.2% White, 27.6% White Non-Hispanic, and 20.1% Hispanic populations, can attract a wide range of tenants and buyers.
How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential tenants? +
The 24.8-minute average commute time in Garfield, NJ, is relatively short, and the top commute methods, including driving alone, carpooling, and public transit, suggest a well-developed transportation infrastructure. This, combined with the city's health insurance coverage of 81.1% and a median age of 35.2, indicates a high quality of life for residents, making it an attractive location for potential tenants and investors. The diversity of commute methods also caters to different lifestyles and preferences, from driving to using public transportation.
What are the implications of Garfield's poverty rate and income inequality on the local real estate market? +
The poverty rate of 15.4% in Garfield, NJ, although relatively high, is mitigated by the city's median household income of $48,767 and a health insurance coverage of 81.1%, suggesting that many residents have access to employment and healthcare. The GINI coefficient of 0.421 indicates some income inequality, but the presence of top industries like Finance & Insurance and Construction can provide job opportunities and contribute to a more stable market. This balance of factors can lead to a relatively stable and predictable real estate market.
How does the ethnic diversity of Garfield, NJ, influence the demand for housing and the local real estate market? +
The ethnic diversity in Garfield, NJ, with significant White, White Non-Hispanic, and Hispanic populations, can lead to a strong demand for housing from a wide range of potential tenants and buyers. This diversity, combined with the city's median property value of $343,200 and a homeownership rate of 40.7%, suggests a vibrant and inclusive community that can attract various types of investors and residents. The diversity can also contribute to a more resilient local economy and real estate market, as different ethnic groups may have different housing preferences and needs.
What role do the top industries in Garfield, NJ, play in shaping the local economy and real estate market? +
The top industries in Garfield, NJ, including Finance & Insurance, Construction, and Public Administration, play a crucial role in shaping the local economy and real estate market. These industries can provide a stable source of employment, contributing to the city's median household income of $48,767 and low poverty rate compared to other areas. The presence of these industries, combined with the city's average commute time of 24.8 minutes and health insurance coverage of 81.1%, can lead to a high demand for housing, both from locals and commuters, making Garfield an attractive location for real estate investors.

Garfield NJ Real Estate & City Facts

Key facts and real estate information about Garfield NJ.

What are some of the best neighborhoods to live in Garfield? +
Some of the best neighborhoods to live in Garfield, NJ include River Drive, Outwater Lane, Belmont Hill, and the area around Dahnert's Lake County Park. These neighborhoods offer a range of housing options and are close to local parks and amenities. According to Nextdoor, the top 2 best neighborhoods to live in Garfield, New Jersey are Charles St and Lanza Ave/Outwater Ln.
What are some fun things to do in Garfield? +
There are plenty of fun things to do in Garfield, NJ. You can visit the Ancient Sculpture Gallery LLC, go for a walk or bike ride along the Passaic River on River Drive, or explore the local parks such as Dundee Dam, 20th Century Field, and Mcdaniel Brothers. If you're looking for something to do with kids, there are also plenty of options available, such as the Metropolitan Museum of Art, Empire State Building, and Central Park, which are all within driving distance.
What is the food scene like in Garfield? +
The food scene in Garfield, NJ is diverse and offers a range of options. Some popular restaurants include Charlie Blood's, Steve's Burgers, Barcelona's Restaurant & Bar, and DP Pub. There are also plenty of great food trucks and cafes to try. For a night out, you could head to Tavern 517 or Osteria Italiana Ristorante. According to Yelp, the best 10 restaurants near Garfield, NJ 07026 include Charlie Blood's, Pastrami Grill Bistro, and Cafe Bubamara.
What are the pros and cons of living in Garfield? +
The pros of living in Garfield, NJ include its convenient location, affordable housing options, and range of local amenities. However, some cons include the fact that it's a densely populated area and traffic can be heavy at times. Additionally, some areas of Garfield have higher crime rates than others, so it's essential to research the neighborhood thoroughly before moving. According to Reddit, you would be better off looking into Bergenfield, Teaneck, Englewood, Palisades Park, Cliffside Park, Edgewater, and Fort Lee if safety, schools, and food matter to you.
Is Garfield a good place to live? +
Garfield, NJ can be a good place to live, depending on your individual needs and preferences. It offers a range of housing options, local amenities, and is close to New York City. However, it's essential to weigh the pros and cons and research the area thoroughly before making a decision. According to AreaVibes, the best places to live in Garfield, NJ include the areas around Charles St and Lanza Ave/Outwater Ln.

πŸ“Š Average Income For Garfield NJ Commercial Property: $48,767

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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