Mayfield, KS High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Mayfield, Kansas Market population: 10K. 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 Mayfield KY Properties: 0.6400%
⭐ 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 Mayfield KY
Common questions from investors exploring commercial real estate in Mayfield KY.
What's the overall investment potential of Mayfield, KY, considering its demographics and economy?
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Mayfield's 31.7% poverty rate and $25,089 median household income suggest a challenging market, but the 88.0% health insurance coverage and 16.8-minute average commute time indicate a relatively stable workforce, which could be attractive for investors looking for affordable rental properties, particularly in the Finance & Insurance, and Educational Services sectors.
How does the city's ethnic diversity and industry mix impact real estate demand?
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The diverse population, with 41.6% White, 37.8% White Non-Hispanic, and 7.7% Hispanic, combined with top industries like Manufacturing and Health Care & Social Assistance, suggests a steady demand for housing, especially with the relatively low median property value of $76,000 and median property taxes of $2,110, making it an interesting opportunity for investors.
What are the implications of the city's commute patterns and health insurance coverage for real estate investors?
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The short 16.8-minute average commute time and high 88.0% health insurance coverage rate imply a reliable and healthy workforce, which is beneficial for rental income stability, and with 52.4% homeownership rate, there's still room for rental property investments, especially considering the top commute methods include driving alone, carpooling, and working from home.
How does the poverty rate and income inequality affect the quality of tenants in Mayfield, KY?
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The 31.7% poverty rate and 0.515 GINI coefficient indicate significant income inequality, but when combined with the 88.0% health insurance coverage, it suggests that while tenant quality may vary, there's a sizable portion of the population with access to healthcare, which could lead to more stable tenant relationships and reduced turnover rates for investors.
What role do the top industries play in shaping the local real estate market and investment opportunities?
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The presence of Finance & Insurance, Educational Services, and Manufacturing as top industries in Mayfield, KY, suggests a diverse economic base, which can lead to a more resilient real estate market, and with the foreign-born rate of 4.3% and ethnic diversity, investors may find opportunities in catering to the specific needs of these industries and communities, such as developing housing for workers in these sectors or revitalizing properties near educational institutions.
Mayfield KY Real Estate & City Facts
Key facts and real estate information about Mayfield KY.
What are some of the best neighborhoods to live in Mayfield?
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Some of the best neighborhoods to live in Mayfield, KY, are South Side Mayfield, which is a charming and peaceful neighborhood with green spaces and abundant birdlife. Other desired areas tend to be in the central parts of the city, while more affordable homes are in the north regions.
What are some fun things to do in Mayfield?
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There are several fun things to do in Mayfield, KY, such as visiting Wooldridge Monuments, Kess Creek Park, which offers outdoor activities like a spray park in summer and a playground, and the Icehouse Gallery & Gift Shop. You can also check out the Honey Hill Farms and the Backyard Fabric store.
What is the food scene like in Mayfield?
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The food scene in Mayfield, KY, offers a variety of options, including Adagio Pasta & Grill, which serves delicious pasta, and Majestic Family Restaurant, which offers generous portions and a delightful atmosphere. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Mayfield?
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The pros of living in Mayfield, KY, include its small-town life with city amenities close by in Murray and Paducah, and its affordable housing options. However, some cons include the limited job opportunities and a higher poverty rate compared to other cities. Overall, Mayfield offers a unique blend of rural and urban living.
Is Mayfield a good place to live?
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Mayfield, KY, can be a good place to live for those who value a small-town atmosphere and are looking for affordable housing options. While it may have its challenges, such as limited job opportunities, the city offers a unique blend of rural and urban living, making it an attractive option for some. Ultimately, whether Mayfield is a good place to live depends on individual preferences and priorities.
⭐ 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 Mayfield KY Commercial Property: $25,089
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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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