Monument, CO Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Monument, Colorado Market population: 7K. 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 Monument 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 Monument CO Properties: 0.4700%
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 Monument CO
Common questions from investors exploring commercial real estate in Monument CO.
What is the overall investment potential of Monument, CO, considering its demographic and economic factors?
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The combination of a high median household income of $103,419, a low poverty rate of 2.9%, and a strong health insurance coverage rate of 96.2% suggests a stable and attractive market for real estate investment, with a population that is likely to have a steady income and access to healthcare, which is further supported by the top industries in Professional, Scientific, & Technical Services, Retail Trade, and Finance & Insurance.
How does the ethnic diversity and commute time in Monument, CO impact the rental market?
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The city's ethnic diversity, with a majority of White (83.1%) and White Non-Hispanic (78.2%) residents, and a significant Hispanic (7.3%) population, contributes to a culturally rich community, while the average commute time of 24.4 minutes and the prevalence of driving alone (83.2%) or working from home (8.1%) indicate a convenient and flexible transportation situation, which can attract a wide range of renters.
What are the key factors that influence the quality of life in Monument, CO, and how do they affect real estate investment?
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The quality of life in Monument, CO is influenced by factors such as the high health insurance coverage rate of 96.2%, the low poverty rate of 2.9%, and the relatively short average commute time of 24.4 minutes, which collectively contribute to a stable and desirable living environment, making it an attractive location for real estate investment, particularly in the context of the city's strong top industries and high median household income.
How does the income inequality and employment rate in Monument, CO impact the real estate market?
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The GINI coefficient of 0.341 indicates a relatively low level of income inequality, and the employed population of 3,441, combined with a low unemployment rate of 1.8%, suggests a strong and stable labor market, which can lead to a high demand for housing and a low vacancy rate, making Monument, CO an appealing location for real estate investors, especially considering the city's top industries and median property value of $433,400.
What are the implications of the homeownership rate and median property value in Monument, CO for real estate investors?
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The high homeownership rate of 86.3% and the median property value of $433,400 indicate a strong and stable housing market, with a high demand for owner-occupied housing, which can lead to a relatively low rental yield, but the city's strong economic fundamentals, including a high median household income and low poverty rate, suggest that investing in rental properties can still be a viable option, particularly for investors who are looking for long-term appreciation and stability.
Monument CO Real Estate & City Facts
Key facts and real estate information about Monument CO.
What are some of the best neighborhoods to live in Monument?
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Some of the best neighborhoods to live in Monument include Jackson Creek, Woodmoor, and North Woodmoor. These neighborhoods offer a range of housing options, from single-family homes to townhouses, and are known for their natural beauty, outdoor recreational opportunities, and strong sense of community.
What are some fun things to do in Monument?
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There are plenty of fun things to do in Monument, including visiting Garden of the Gods, Manitou Springs, and Monument Lake. You can also explore the town's independent restaurants, craft brewery, and distillery, or go hiking and biking in the surrounding mountains and forests. Additionally, the town hosts various events and festivals throughout the year, such as the Monument Farmers' Market and the Tri-Lakes Arts and Crafts Fair.
What is the food scene like in Monument?
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The food scene in Monument is diverse and thriving, with a range of restaurants serving everything from classic American comfort food to gourmet cuisine. Some popular restaurants include Rosie's Diner, Black Forest Foods Cafe & Delicatessen, Bistro on 2nd, and Goat Patch Brewing Company. There are also plenty of great food trucks and cafes in the area, offering everything from burgers and tacos to coffee and pastries.
What are the pros and cons of living in Monument?
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The pros of living in Monument include its natural beauty, outdoor recreational opportunities, and strong sense of community. The town is also known for its good schools, low crime rate, and relatively low cost of living. However, some cons of living in Monument include its limited job opportunities, traffic congestion, and limited public transportation options. Additionally, the town can be quite crowded during peak tourist season, which may be a drawback for some residents.
Is Monument a good place to live?
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Overall, Monument is a great place to live for people who value natural beauty, outdoor recreation, and a strong sense of community. The town offers a range of housing options, good schools, and a relatively low cost of living, making it an attractive option for families and individuals alike. However, it may not be the best fit for everyone, particularly those who prioritize job opportunities, public transportation, or a more urban lifestyle. Ultimately, whether or not Monument is a good place to live depends on your individual priorities and preferences.
π Average Income For Monument CO Commercial Property: $103,419
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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