Hoquiam, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hoquiam, Washington Market population: 9K. 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 Hoquiam WA Properties: 1.3100%
⭐ 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 Hoquiam WA
Common questions from investors exploring commercial real estate in Hoquiam WA.
What's the overall investment potential of Hoquiam, WA, considering its demographics and economy?
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Hoquiam's population of 8,625, with a median age of 38.9 and median household income of $32,086, presents a unique investment opportunity. The city's poverty rate of 19.7% is somewhat mitigated by its high health insurance coverage of 88.7%, indicating a degree of employment stability, and its top industries in Transportation & Warehousing and Finance & Insurance suggest a diversified economic base.
How does the ethnic diversity and industry mix in Hoquiam impact the demand for housing?
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The ethnic diversity in Hoquiam, with top ethnicities being White, White Non-Hispanic, and Hispanic, contributes to a vibrant community. Combined with its industry mix, including Transportation & Warehousing and Finance & Insurance, this diversity suggests a steady demand for housing, especially considering the city's relatively low median property value of $103,700 and average commute time of 21.9 minutes.
What are the implications of Hoquiam's poverty rate and health insurance coverage for real estate investors?
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The 19.7% poverty rate in Hoquiam, coupled with an 88.7% health insurance coverage, implies a working-class market with some employment stability. This, along with a median household income of $32,086 and a GINI coefficient of 0.473, suggests that investors should focus on affordable housing solutions that cater to the local workforce, potentially leveraging the city's top industries for tenant demand.
How do commute times and health insurance rates affect the quality of life and, by extension, the attractiveness of Hoquiam to investors?
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Hoquiam's average commute time of 21.9 minutes and high health insurance coverage rate of 88.7% contribute to a good quality of life, making it more attractive to potential residents and, by extension, to real estate investors. This quality of life, combined with the city's median property value of $103,700 and median property taxes of $2,063, suggests a stable market with opportunities for both renters and buyers.
What role does the foreign-born rate and ethnic diversity play in assessing market demand and stability in Hoquiam?
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The relatively low foreign-born rate of 4.3% in Hoquiam, alongside its ethnic diversity, indicates a community with a strong local identity. This, combined with top industries like Transportation & Warehousing and Finance & Insurance, suggests a market with stable demand, driven more by local economic factors than by immigrant influxes, which can be beneficial for investors seeking predictable market conditions and a potentially lower risk of market fluctuations.
Hoquiam WA Real Estate & City Facts
Key facts and real estate information about Hoquiam WA.
What are some of the best neighborhoods to live in Hoquiam?
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Some of the best neighborhoods to live in Hoquiam include West Hoquiam, which is known for being quiet and peaceful, and the southeast parts of the city, which tend to be more desired. However, more affordable homes can be found in the northeast regions.
What are some fun things to do in Hoquiam?
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There are plenty of fun things to do in Hoquiam, such as visiting the Ocean City State Park, exploring the Grays Harbor National Wildlife Refuge, and checking out the Renegade Red Studio & Gallery. You can also visit the Polson Museum or go clam digging for Pacific razor clams.
What is the food scene like in Hoquiam?
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The food scene in Hoquiam is diverse, with plenty of great restaurants to choose from, such as Brunch 101 of Hoquiam, Hoquiam Brewing Company, and Two Gringos BBQ & Grill. There are also plenty of great food trucks, like Gringo's BBQ Fusion, and local favorites like Grizzly Den, which serves delicious fish and chips.
What are the pros and cons of living in Hoquiam?
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One of the pros of living in Hoquiam is its affordability, with a lower cost of living compared to other cities in Washington. However, one of the cons is the higher poverty rate and unemployment rate. Additionally, some areas of Hoquiam, like Aberdeen, have a problem with homelessness, but Hoquiam itself is considered a decent and safe place to live.
Is Hoquiam a good place to live?
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Hoquiam can be a good place to live, depending on your priorities and preferences. It offers a unique blend of natural beauty, outdoor activities, and small-town charm, but it also has its challenges, such as a higher poverty rate and limited job opportunities. Overall, it's a great option for those who value affordability, a strong sense of community, and a relaxed pace of life.
⭐ 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 Hoquiam WA Commercial Property: $32,086
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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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