Lemay, MO Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Lemay, Missouri Market population: 17K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Lemay MO Properties: 2.6300%
⭐ 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 Lemay MO
Common questions from investors exploring commercial real estate in Lemay MO.
What's the overall investment potential of Lemay, MO, considering its demographic and economic factors?
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Lemay, MO, with a population of 16,521 and a median age of 38.5, presents a stable investment market, given its median household income of $44,388 and a relatively high homeownership rate of 74.8%, suggesting a strong demand for housing. The poverty rate of 14.3% combined with an 89.2% health insurance coverage indicates a relatively stable workforce, which is beneficial for rental income stability. Additionally, the top industries, including Finance & Insurance and Public Administration, contribute to a diverse economic base.
How does the ethnic diversity and commute time in Lemay, MO, impact the real estate market?
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The ethnic diversity in Lemay, MO, with top ethnicities being White (47.2%) and White Non-Hispanic (46.4%), alongside a commute time of 24.8 minutes, suggests a balanced community with accessible transportation options. This balance, coupled with the top commute methods being drove alone, carpooled, or worked at home, indicates flexibility and convenience for residents, potentially increasing the appeal of the area for both homeowners and renters. The diversity and commute convenience can contribute to a vibrant and attractive market for real estate investors.
What are the implications of the median property value and taxes on investment returns in Lemay, MO?
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The median property value of $106,600 and median property taxes of $5,081 in Lemay, MO, provide insight into the potential investment returns. Considering the median household income of $44,388 and the employed population of 7,963, these factors suggest that property values are relatively affordable for the local population, which could lead to a stable rental market. Furthermore, the health insurance rate of 89.2% implies a level of financial stability among residents, potentially reducing the risk of investment.
How does the income inequality and poverty rate in Lemay, MO, affect the quality of tenants and investment stability?
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The GINI coefficient of 0.361 and a poverty rate of 14.3% in Lemay, MO, indicate a level of income inequality. However, when considered alongside the 89.2% health insurance coverage, it suggests that while there is inequality, there is also a significant portion of the population with access to healthcare, implying a certain level of employment stability. This stability can contribute to a more reliable tenant base, reducing the risks associated with investment in the area.
What role do the top industries in Lemay, MO, play in determining the demand for real estate investment?
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The top industries in Lemay, MO, including Finance & Insurance, Public Administration, and Wholesale Trade, play a crucial role in determining the demand for real estate. These industries contribute to a diverse and relatively stable economic base, which can lead to a consistent demand for housing, both for purchase and rent. The diversity in industries also suggests a resilient local economy, which is attractive for real estate investors looking for stable long-term investments. This economic diversity, combined with the area's demographic factors, such as the median age of 38.5 and average commute time of 24.8 minutes, further enhances the appeal of Lemay, MO, as an investment location.
Lemay MO Real Estate & City Facts
Key facts and real estate information about Lemay MO.
What are some of the best neighborhoods to live in Lemay?
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Some of the best neighborhoods to live in Lemay include the areas around the Museum of Illusions, and neighborhoods like Mehlville, Green Park, and Afton. These neighborhoods offer a mix of older and newer homes, and are close to local amenities like parks and restaurants.
What are some fun things to do in Lemay?
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There are plenty of fun things to do in Lemay, including visiting the Gateway Arch, taking a stroll along the Riverfront, and exploring the many parks and green spaces in the area. You can also check out the Museum of Illusions, or take a tour of the Anheuser-Busch Brewery. If you're looking for something more low-key, you can grab a bite to eat at one of the many restaurants in the area, like Bogart's Smokehouse or Mama Mel's Pizzeria.
What is the food scene like in Lemay?
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The food scene in Lemay is diverse and delicious, with a mix of classic St. Louis cuisine and international flavors. You can find everything from toasted ravioli to provel cheese, and from Bosnian cuisine to traditional American comfort food. Some popular restaurants in the area include Stacked STL, Cellar House, and J's Pitaria. There are also plenty of great food trucks and cafes to check out, like Big Mouth Sandwich and Cafe Telegraph.
What are the pros and cons of living in Lemay?
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One of the pros of living in Lemay is the affordable cost of living, with a lower median home price compared to other parts of the St. Louis area. The area is also close to many amenities, including parks, restaurants, and shops. However, one of the cons is that the area can be prone to flooding, and some of the neighborhoods are older and may require more maintenance. Additionally, the area is located near a busy highway, which can be a source of noise pollution. Overall, Lemay is a great option for those looking for an affordable and convenient place to live, but it's worth doing your research and weighing the pros and cons before making a decision.
Is Lemay a good place to live?
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Lemay can be a good place to live, depending on your individual needs and preferences. The area offers a mix of affordability, convenience, and amenities, making it a great option for families, young professionals, and retirees alike. However, it's worth considering the potential drawbacks, such as flooding and noise pollution, before making a decision. Overall, Lemay is a charming and vibrant community that is worth considering if you're looking for a place to call home in the St. Louis area.
⭐ 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 Lemay MO Commercial Property: $44,388
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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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