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Lucas, TX High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lucas, Texas Market population: 6K. 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

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Lucas TX Properties: 1.4400%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Lucas TX

Common questions from investors exploring commercial real estate in Lucas TX.

What's the overall investment outlook for Lucas, TX, considering its demographics and economy? +
Lucas, TX presents a stable investment market, with a median household income of $118,239, a relatively low poverty rate of 4.8%, and a high health insurance coverage rate of 94.5%, indicating a strong and secure tenant base. The top industries, including Information and Manufacturing, contribute to the area's economic stability. Additionally, the city's ethnic diversity, with a majority of White and White Non-Hispanic populations, and a notable Hispanic presence, suggests a culturally rich and potentially resilient market.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Lucas, TX? +
The average commute time of 32.1 minutes in Lucas, TX, combined with the top commute methods being driving alone, working from home, and carpooling, suggests a relatively convenient and flexible transportation infrastructure. This, paired with a high health insurance coverage rate of 94.5% and a low poverty rate of 4.8%, indicates a good quality of life for residents, which can attract and retain reliable renters. The public transportation usage, although low at 1.2%, may still support a subset of the population, contributing to the area's overall livability.
What role does the median property value and property taxes play in the investment potential of Lucas, TX? +
The median property value of $452,600 and median property taxes of $1,483 in Lucas, TX, suggest a significant investment potential, particularly when considering the area's high homeownership rate of 90.1% and relatively low poverty rate of 4.8%. The high median property value indicates a strong and potentially appreciating housing market, while the property taxes, although a consideration for investors, contribute to the local economy and public services, which can enhance the quality of life and attract more residents and renters.
How does the ethnic diversity and industry mix in Lucas, TX influence the demand for housing and rental properties? +
The ethnic diversity in Lucas, TX, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a culturally vibrant community that can attract a wide range of residents. The top industries, including Information, Manufacturing, and Finance & Insurance, create a strong and diverse economic base, which can drive demand for housing and rental properties. This demand, coupled with the area's relatively low poverty rate of 4.8% and high health insurance coverage rate of 94.5%, suggests a stable and potentially growing rental market.
What are the implications of the GINI coefficient and income inequality for real estate investors in Lucas, TX? +
The GINI coefficient of 0.506 in Lucas, TX, indicates a moderate level of income inequality, which, when considered alongside the median household income of $118,239 and poverty rate of 4.8%, suggests that investors should be aware of the potential for varying tenant profiles and income levels. However, the high health insurance coverage rate of 94.5% and low poverty rate can mitigate some of these concerns, indicating a generally stable and secure tenant base. Investors should balance these factors when assessing the local rental market and potential investment opportunities.

Lucas TX Real Estate & City Facts

Key facts and real estate information about Lucas TX.

What are some of the best neighborhoods to live in Lucas? +
Some of the best neighborhoods to live in Lucas, TX include the east parts of the city, which tend to be more desired, and the southeast regions, which offer more affordable homes. According to AreaVibes, Lucas has a population of 8,398 and is considered one of the best places to live in Texas. Neighborhoods like Richardson and Plano are also nearby and offer a range of housing options.
What are some fun things to do in Lucas? +
There are plenty of fun things to do in Lucas, TX. You can visit the Blackland Prairie Raptor Center, which is open to the public on the first Saturday of every month, or explore the Southfork Ranch. If you're looking for something more adventurous, you can check out the Celebration Park or the Old Rooster Creek Flea Markets & RV Parks. The Lucas Farmers Market is also a great place to find local vendors selling fresh produce and other products.
What is the food scene like in Lucas? +
The food scene in Lucas, TX is diverse and offers a range of options. You can find restaurants like Subway, Smoothie King, and Palio's Pizza Cafe, as well as more unique spots like The South and The Boathouse. There are also plenty of great food trucks and local eateries, such as Curuba and HoneyBird, that serve up delicious cuisine. If you're looking for Italian food, Villa Vinci is a great option, and for Chinese food, you can try Mr Panda Chinese.
What are the pros and cons of living in Lucas? +
The pros of living in Lucas, TX include its highly rated schools, low crime rate, and affordable housing options. The city also has a strong sense of community, with plenty of local events and activities to get involved in. However, some cons of living in Lucas include its limited job opportunities and lack of public transportation. Additionally, the city can feel quite rural, which may not be ideal for those who prefer a more urban lifestyle.
Is Lucas a good place to live? +
Overall, Lucas, TX is a great place to live for those who value a strong sense of community, good schools, and affordable housing. While it may not be ideal for everyone, particularly those who prefer a more urban lifestyle, the city's pros outweigh its cons. With its low crime rate, plenty of local events, and range of outdoor activities, Lucas is a great option for families, retirees, and anyone looking for a quiet, rural lifestyle.
⭐ Featured

Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Lucas TX Commercial Property: $118,239

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

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

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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