Lake Morton-Berrydale, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lake Morton-Berrydale, Washington Market population: 10K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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 Lake Morton-Berrydale WA Properties: 0.8200%
⭐ 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 Lake Morton-Berrydale WA
Common questions from investors exploring commercial real estate in Lake Morton-Berrydale WA.
What's the overall investment potential of Lake Morton-Berrydale, WA?
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The combination of a high median household income of $103,419, a low poverty rate of 4.2%, and a strong health insurance coverage rate of 96.3% suggests a stable and attractive market for real estate investment, with a diverse economy driven by top industries like Healthcare & Social Assistance, Retail Trade, and Professional, Scientific, & Technical Services.
How does the local economy impact rental demand?
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The presence of top industries such as Healthcare & Social Assistance, Retail Trade, and Professional, Scientific, & Technical Services, along with a high employment rate and median household income, indicates a strong demand for rentals, particularly with the area's relatively low poverty rate of 4.2% and high health insurance coverage rate of 96.3%.
What role does ethnic diversity play in the local real estate market?
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The ethnic diversity of Lake Morton-Berrydale, with a population that is 83.2% White, 6.5% Asian, and 5.1% Hispanic, contributes to a vibrant and inclusive community, which can attract a wide range of residents and support a stable rental market, especially when combined with the area's low poverty rate and high median household income.
How do quality-of-life metrics impact market stability?
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The average commute time of 34.4 minutes, with 83.2% of residents driving alone and 8.5% working from home, along with a high health insurance coverage rate of 96.3%, suggests a high quality of life and a stable market, making Lake Morton-Berrydale an attractive location for both residents and investors, with a strong potential for long-term growth.
What are the key factors to consider for long-term investment growth?
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For long-term investment growth, consider the area's high median property value of $419,100, relatively low poverty rate of 4.2%, and strong health insurance coverage rate of 96.3%, combined with the diverse economy, high median household income, and ethnic diversity, which all contribute to a stable and attractive market with potential for appreciation and rental yield, particularly in industries like Healthcare & Social Assistance and Professional, Scientific, & Technical Services.
Lake Morton-Berrydale WA Real Estate & City Facts
Key facts and real estate information about Lake Morton-Berrydale WA.
What are some of the best neighborhoods to live in Lake Morton-Berrydale?
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Some of the best neighborhoods to live in Lake Morton-Berrydale include the areas around Lake Morton and Berrydale, which offer expansive lots and proximity to Washington's natural beauty. According to Trulia and Homes.com, these neighborhoods have a median real estate price of around $900,000 and are considered more expensive than 72.8% of the neighborhoods in Washington.
What are some fun things to do in Lake Morton-Berrydale?
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There are plenty of fun things to do in Lake Morton-Berrydale, including visiting the Cedar River Trail, Soos Creek Trail, and Lake Wilderness. You can also check out the On Safari - In tour, Sea Axe axe throwing, and Gnomes Trail. For more ideas, visit the Yelp page for Things To Do near Lake Morton-Berrydale, WA 98042.
What is the food scene like in Lake Morton-Berrydale?
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The food scene in Lake Morton-Berrydale is diverse and offers a range of options, from farm-to-table restaurants like Water's Table to steakhouses like Smoke & Cedar Steakhouse. You can also find sushi restaurants like Miyabi Restaurant and seafood houses like Market 253 Seafood House & Raw Bar. For a comprehensive list, check out OpenTable's list of restaurants near Lake Morton-Berrydale.
What are the pros and cons of living in Lake Morton-Berrydale?
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The pros of living in Lake Morton-Berrydale include its natural beauty, with proximity to lakes, trails, and parks. The area also has a high median household income and a low poverty rate. However, the cons include a high median property value and property taxes, which can make it challenging for some people to afford. Additionally, the area has a relatively high cost of living compared to other parts of the state.
Is Lake Morton-Berrydale a good place to live?
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Lake Morton-Berrydale can be a good place to live for those who value natural beauty, outdoor recreation, and a relatively high standard of living. However, it may not be the best fit for everyone, particularly those on a tight budget or looking for a more affordable cost of living. Ultimately, whether Lake Morton-Berrydale is a good place to live depends on your individual priorities and preferences.
⭐ 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 Lake Morton-Berrydale WA Commercial Property: $103,419
⭐ 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
⭐ 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
⭐ 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