Lamar, CO Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lamar, Colorado Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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3 properties found
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π Average Cap Rate For Lamar CO 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 Lamar CO Properties: 0.4900%
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 Lamar CO
Common questions from investors exploring commercial real estate in Lamar CO.
What's the overall investment potential of Lamar, CO, considering its demographics and economy?
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Lamar's population of 7,874, with a median age of 33.5, and a median household income of $31,314, suggests a relatively stable market. The poverty rate of 21.5% is somewhat mitigated by an employed population of 3,207 and a health insurance coverage rate of 88.4%, indicating a degree of economic stability and access to healthcare for residents.
How does the ethnic diversity and industry mix in Lamar impact real estate demand?
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The city's ethnic diversity, with top ethnicities being White (44.1%), White Non-Hispanic (28.4%), and Hispanic (20.9%), contributes to a vibrant community. The presence of top industries like Finance & Insurance, Real Estate & Rental & Leasing, and Educational Services, & Health Care & Social Assistance, suggests a demand for housing from professionals in these sectors, potentially supporting rental yields and property appreciation.
What are the implications of Lamar's commute times and transportation methods for real estate investors?
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The average commute time of 13.5 minutes, with top commute methods being driving alone, carpooling, and working from home, indicates a relatively convenient and flexible transportation situation. This, combined with a high health insurance coverage rate of 88.4%, suggests a stable and healthy workforce, which is beneficial for maintaining consistent rental income and property values.
How do poverty rates and health insurance coverage interact to influence tenant quality in Lamar?
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The 21.5% poverty rate in Lamar is a concern, but the 88.4% health insurance coverage rate suggests that many residents have access to employment benefits or other forms of healthcare coverage, potentially indicating a more stable tenant base. This combination could support a working-class market with some degree of employment stability, which is crucial for real estate investors looking for reliable rental income.
What role do median property values, property taxes, and homeownership rates play in assessing Lamar's real estate investment potential?
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Lamar's median property value of $82,700 and median property taxes of $1,831, along with a homeownership rate of 62.3%, suggest a relatively affordable housing market with a significant portion of the population invested in their homes. This could indicate a stable community with potential for long-term property appreciation, especially when considering the city's diverse economy and convenient commute times, making it an attractive location for both homeowners and renters.
Lamar CO Real Estate & City Facts
Key facts and real estate information about Lamar CO.
What are some of the best neighborhoods to live in Lamar?
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Some of the best neighborhoods to live in Lamar include the areas around South Main Street and Elm Street, which offer a mix of quaint single-family homes and a strong sense of community. According to Nextdoor, Lamar is a peaceful and family-friendly neighborhood with a clean environment and welcoming atmosphere. Additionally, neighborhoods like the ones near John Martin Reservoir State Park offer easy access to outdoor activities and a more rural feel.
What are some fun things to do in Lamar?
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There are plenty of fun things to do in Lamar, including visiting the Petrified Wood Gas Station, the Colorado Welcome Center, and the Big Timbers Museum. Outdoor enthusiasts can enjoy activities like hiking and birdwatching at John Martin Reservoir State Park, or explore the Willow Creek Nature Trail. For a more lively atmosphere, head to Tavern 1301 or Desiree's Night Club.
What is the food scene like in Lamar?
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The food scene in Lamar is diverse and delicious, with a range of options to suit every taste. For Mexican food, head to La Lupita's or Casa Azteca, while BJ's Burgers & Fries serves up tasty drive-in burgers. There are also plenty of great food trucks and restaurants like Becky's Restaurant, which offers a mix of Mexican and American cuisine. Additionally, the town is home to several other Mexican restaurants like La Brisas and Lupitas.
What are the pros and cons of living in Lamar?
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The pros of living in Lamar include its peaceful and family-friendly atmosphere, clean environment, and welcoming community. The town also offers easy access to outdoor activities and a range of cultural attractions. However, some cons include the limited job opportunities and lower median household income compared to other areas in Colorado. Additionally, the town's rural location may make it difficult to access certain amenities or services.
Is Lamar a good place to live?
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Overall, Lamar can be a great place to live for those who value a peaceful and family-friendly atmosphere, outdoor activities, and a strong sense of community. While it may have some limitations in terms of job opportunities and amenities, the town's unique character and natural beauty make it an attractive option for those looking for a more relaxed pace of life. As with any town, it's essential to weigh the pros and cons and consider individual priorities and needs before making a decision.
π Average Income For Lamar CO Commercial Property: $31,314
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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