Homer, GA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Homer, Georgia Market population: 6K. Explore income-producing properties with verified cap rates and operating...
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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 Homer AK Properties: 1.0100%
⭐ 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 Homer AK
Common questions from investors exploring commercial real estate in Homer AK.
What's the overall investment outlook for Homer, AK?
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Homer, AK presents a stable investment market, with a median household income of $63,419, a relatively low poverty rate of 9.5%, and a high health insurance coverage rate of 88.2%, indicating a strong and stable tenant base. The top industries, including Health Care & Social Assistance and Retail Trade, also suggest a diverse economy. Additionally, the city's low average commute time of 14.1 minutes and high homeownership rate of 70.1% contribute to its attractiveness.
How does the local economy impact real estate investment in Homer, AK?
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The local economy in Homer, AK is driven by top industries such as Health Care & Social Assistance, Retail Trade, and Public Administration, which provides a stable foundation for real estate investment. With a median property value of $294,400 and a median property tax of $2,191, investors can expect a reasonable return on investment. The employed population of 2,933 and a foreign-born rate of 4.3% also indicate a diverse and growing workforce.
What are the key demographics that investors should consider in Homer, AK?
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Investors should consider the demographics of Homer, AK, including a population of 5,723, a median age of 43.2, and a top ethnicity of White (85.6%), which suggests a relatively homogeneous community. The city's poverty rate of 9.5% and health insurance coverage rate of 88.2% also indicate a stable and secure tenant base. Furthermore, the GINI coefficient of 0.42 suggests a relatively equal distribution of income, which can contribute to a stable housing market.
How does the quality of life in Homer, AK impact real estate investment?
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The quality of life in Homer, AK is high, with an average commute time of 14.1 minutes, which is significantly lower than the national average, and a high health insurance coverage rate of 88.2%. The top commute methods, including Drove Alone, Carpooled, and Walked, also suggest a convenient and accessible location. Additionally, the high percentage of residents with a high school graduate or higher education level (93.5%) and a bachelor's degree or higher (34.6%) indicate a well-educated and skilled workforce.
What are the potential risks and opportunities for real estate investors in Homer, AK?
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The potential risks for real estate investors in Homer, AK include a relatively high median property value of $294,400 and a median property tax of $2,191, which may impact cash flow. However, the opportunities include a stable and diverse economy, a high health insurance coverage rate, and a convenient location with a low average commute time. The city's ethnic diversity, with a mix of White, American Indian or Alaska Native, and Two Or More ethnicities, also suggests a vibrant and inclusive community, which can contribute to a strong and stable housing market.
Homer AK Real Estate & City Facts
Key facts and real estate information about Homer AK.
What are some of the best neighborhoods to live in Homer?
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Some of the best neighborhoods to live in Homer include East End Road, Downtown Homer, Old Town, Diamond Ridge, and Beluga Lake area. Each neighborhood has its own unique character and advantages, such as stunning natural beauty, a sense of privacy, and proximity to amenities. For example, East End Road is a beautiful and secluded neighborhood, while Downtown Homer offers a vibrant and convenient lifestyle.
What are some fun things to do in Homer?
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There are plenty of fun things to do in Homer, such as bear viewing, exploring Kachemak Bay and Waters Beyond, hiking, golfing, and taking an Argo tour. You can also visit the Center for Alaskan Coastal Studies, Islands & Oceans Visitor Center, and take a floatplane glacier and sightseeing tour. Additionally, you can walk around the cute little boardwalk town of Seldovia, or take a water taxi to experience the beauty of remote Alaska.
What is the food scene like in Homer?
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The food scene in Homer is abundant with seafood options, including freshly caught halibut, salmon, rockfish, lingcod, crab, and oysters. You can find a variety of restaurants, such as The Kannery, Fresh Catch Cafe, and Mike's, which serve gourmet dinners with locally grown vegetables and meats. There are also plenty of great food trucks, such as Shivaboom, which serves poke and seafood. Overall, Homer's dining scene offers a unique and delicious experience.
What are the pros and cons of living in Homer?
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The pros of living in Homer include its stunning natural beauty, a strong sense of community, and a variety of outdoor activities. However, some cons include the remote location, limited job opportunities, and a high cost of living. Additionally, the town can be quite small, which may not be suitable for everyone. Despite these challenges, many people find Homer to be a unique and rewarding place to live, with a high quality of life and a strong connection to nature.
Is Homer a good place to live?
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Homer can be a great place to live for those who value a strong sense of community, stunning natural beauty, and a variety of outdoor activities. While it may have its challenges, such as a remote location and limited job opportunities, many people find the benefits to outweigh the drawbacks. Ultimately, whether Homer is a good place to live depends on your individual priorities and preferences. If you're looking for a unique and rewarding lifestyle, Homer may be an excellent choice.
⭐ 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 Homer AK Commercial Property: $63,419
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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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