Hooper, CO High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hooper, Colorado Market population: 8K. Explore income-producing properties with verified cap rates and operating...
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3 properties found
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π Average Cap Rate For Hooper UT Properties: 5.7%
β 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
π Avg Property Tax Rate For Hooper UT Properties: 0.5700%
β 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
Investor Questions For Hooper UT
Common questions from investors exploring commercial real estate in Hooper UT.
What's the overall investment potential of Hooper, UT, considering its demographics and economy?
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With a median household income of $80,519 and a low poverty rate of 3.8%, Hooper, UT, presents a stable investment market, further reinforced by its high health insurance coverage of 95.8% and relatively short average commute time of 24.8 minutes, indicating a reliable and healthy workforce.
How does the ethnic diversity and industry mix in Hooper, UT, impact real estate demand?
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The top ethnicities, including White (47.7%) and White Non-Hispanic (45.6%), alongside a diverse industry base such as Finance & Insurance and Professional, Scientific, & Management services, suggest a robust and varied demand for housing, potentially driven by a stable and growing workforce.
What are the implications of Hooper, UT's, high homeownership rate and median property value for investors?
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The high homeownership rate of 96.2% and a median property value of $256,700 indicate a strong, stable housing market, which, combined with the low poverty rate of 3.8% and high health insurance coverage of 95.8%, suggests that investments in rental properties might face challenges but could offer stable long-term appreciation.
How do commute times and methods in Hooper, UT, reflect on the quality of life and potential for real estate investment?
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The average commute time of 24.8 minutes, with top methods including driving alone, working from home, and carpooling, suggests a manageable and potentially improving quality of life, which, when considered alongside the low poverty rate and high employment in industries like Finance & Insurance, indicates a stable market with growing potential.
What insights can be gleaned from the income inequality and employment population in Hooper, UT, for real estate investors?
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The GINI coefficient of 0.292, indicating relatively low income inequality, coupled with an employed population of 3,237 and a median household income of $80,519, suggests a balanced economy with stable employment opportunities, which can contribute to a consistent demand for housing and potentially favorable conditions for real estate investment.
Hooper UT Real Estate & City Facts
Key facts and real estate information about Hooper UT.
What are some of the best neighborhoods to live in Hooper?
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Some of the best neighborhoods to live in Hooper include the areas around Emma Russell Park and Hooper Park. These neighborhoods offer a peaceful and rural atmosphere, with wide-open spaces and a tight-knit community. Additionally, the city has a low crime rate and a strong sense of safety, making it an attractive option for families and individuals looking for a quiet and secure place to live.
What are some fun things to do in Hooper?
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There are several fun things to do in Hooper, including visiting the Emma Russell Park and Hooper Park, which offer outdoor recreational activities such as walking trails and picnic areas. You can also visit the nearby Antelope Island State Park, which offers stunning views of the Great Salt Lake and a variety of wildlife viewing opportunities. Additionally, the city has a few restaurants and shops, such as Weller's Bistro and Island Buffalo Grill, that offer a taste of local cuisine and culture.
What is the food scene like in Hooper?
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The food scene in Hooper is limited but offers a few local restaurants that serve a variety of cuisines. Some popular options include Weller's Bistro, Island Buffalo Grill, and Table Twenty Five, which offer American and international dishes. There are also plenty of great food trucks and casual eateries in the area, such as Dragon Hill and Pho King, that serve everything from Chinese and Vietnamese food to burgers and sandwiches. While the options may be limited, the city's restaurants offer a unique and delicious taste of local flavor.
What are the pros and cons of living in Hooper?
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The pros of living in Hooper include its peaceful and rural atmosphere, low crime rate, and strong sense of community. The city also offers easy access to outdoor recreational activities and stunning natural beauty. However, the cons of living in Hooper include its limited job opportunities, lack of public transportation, and limited dining and entertainment options. Additionally, the city's rural location may make it difficult for some residents to access certain amenities and services. Overall, Hooper is a great option for those looking for a quiet and secure place to live, but may not be the best fit for those who require a more urban lifestyle.
Is Hooper a good place to live?
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Hooper can be a great place to live for those who value a peaceful and rural atmosphere, outdoor recreational activities, and a strong sense of community. The city's low crime rate and limited traffic make it an attractive option for families and individuals looking for a safe and secure place to live. However, the city's limited job opportunities and lack of public transportation may make it difficult for some residents to access certain amenities and services. Ultimately, whether or not Hooper is a good place to live depends on your individual priorities and lifestyle. If you value a quiet and natural environment and are willing to commute to nearby cities for work and entertainment, Hooper may be a great fit for you.
π Average Income For Hooper UT Commercial Property: $80,519
β 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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