Hope, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hope, Kansas Market population: 10K. 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 Hope AR Properties: 0.8400%
⭐ 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 Hope AR
Common questions from investors exploring commercial real estate in Hope AR.
What's the overall investment potential of Hope, AR, considering its demographics and economy?
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Hope, AR's population of 10,079, with a median age of 30.9 and diverse top ethnicities such as Black (28.9%), White (27.3%), and White Non-Hispanic (21.1%), presents a unique market. The city's median household income of $24,203, combined with a poverty rate of 29.9% and a health insurance coverage of 86.9%, suggests a working-class market with some employment stability, making it a potential location for affordable housing investments.
How does the commute time and health insurance coverage impact the quality of life for renters in Hope, AR?
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The average commute time of 16.1 minutes in Hope, AR, along with the top commute methods being drove alone, carpooled, and public transit, indicates a relatively convenient and accessible location for renters. Additionally, the health insurance coverage rate of 86.9% suggests that renters may have better access to healthcare, contributing to a more stable and attractive rental market.
What role do top industries play in shaping the demand for real estate in Hope, AR?
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The top industries in Hope, AR, including Educational Services, & Health Care & Social Assistance, Transportation & Warehousing, & Utilities, and Professional, Scientific, & Management, & Administrative & Waste Management Services, drive the local economy and influence the demand for housing. With a median property value of $64,500 and median property taxes of $1,880, investors may find opportunities in catering to the workforce in these sectors, especially considering the city's relatively high poverty rate of 29.9% and the need for affordable housing.
How does the ethnic diversity and foreign-born rate affect the market demand and stability in Hope, AR?
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Hope, AR's ethnic diversity, with top ethnicities including Black (28.9%), White (27.3%), and White Non-Hispanic (21.1%), and a foreign-born rate of 1.8%, suggests a relatively homogeneous community. This, combined with an employed population of 3,685 and a median household income of $24,203, may indicate a stable, albeit potentially slow-growing, market. Investors should consider the implications of this demographic profile on rental yields and property appreciation.
What are the implications of the poverty rate, health insurance coverage, and commute time on tenant quality and rental stability in Hope, AR?
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The 29.9% poverty rate in Hope, AR, coupled with 86.9% health insurance coverage, suggests that while there are challenges, there is also a degree of employment stability and access to healthcare among the population. The average commute time of 16.1 minutes further supports the idea of a functional, working-class community. For investors, this means that targeting affordable housing solutions could yield a stable tenant base, especially when considering the top industries and their potential for employment opportunities.
Hope AR Real Estate & City Facts
Key facts and real estate information about Hope AR.
What are some of the best neighborhoods to live in Hope?
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Some of the best neighborhoods to live in Hope, AR are in the central parts of the city. According to nextdoor.com, Hope is a charming neighborhood known for its beautiful, tree-lined streets and family-friendly atmosphere. Other sources like bestneighborhood.org and niche.com also provide information on the best neighborhoods in Hope, AR.
What are some fun things to do in Hope?
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There are several fun things to do in Hope, AR. You can visit the President William Jefferson Clinton Birthplace Home, Klipsch Museum of Audio History, Hope Visitor Center, and Fair Park. According to tripadvisor.com, these are some of the top attractions in Hope, AR. You can also check out the Hempstead County Library and the countryside and churches in the area.
What is the food scene like in Hope?
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The food scene in Hope, AR is diverse and offers a range of options. You can try Sheba's Family Restaurant, Fat Tony's Pizza, and other local eateries. According to yelp.com, there are also several bars in the area that offer a great nightlife experience. Additionally, you can check out the Arkansas Food Hall of Fame to learn more about the state's culinary scene.
What are the pros and cons of living in Hope?
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The pros of living in Hope, AR include its charming neighborhoods, family-friendly atmosphere, and low cost of living. However, the cons include a relatively high poverty rate and limited job opportunities. According to datausa.io, the median household income in Hope, AR is $24,203, and the poverty rate is 29.9%. Overall, Hope, AR is a great place to live for those who value a small-town atmosphere and a low cost of living.
Is Hope a good place to live?
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Hope, AR is a good place to live for those who value a small-town atmosphere, a low cost of living, and a strong sense of community. While it may have its challenges, such as a limited job market and high poverty rate, the city's charm and natural beauty make it an attractive option for many people. According to niche.com, Hope, AR is ranked #6 in the state for most diverse places to live and #46 for places with the lowest cost of living.
⭐ 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 Hope AR Commercial Property: $24,203
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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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