Morris Plains, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Morris Plains, New Jersey Market population: 6K. Explore income-producing properties with verified cap rates...
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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 Morris Plains NJ Properties: 2.9700%
⭐ 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 Morris Plains NJ
Common questions from investors exploring commercial real estate in Morris Plains NJ.
What's the overall investment outlook for Morris Plains, NJ?
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The combination of a high median household income of $107,212, low poverty rate of 2.3%, and excellent health insurance coverage of 96.3% suggests a stable and attractive market for real estate investment, with a strong potential for rental income and property appreciation.
How does the local economy impact real estate demand in Morris Plains?
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The top industries in Morris Plains, including Information, Manufacturing, and Finance & Insurance, contribute to a diverse economy, while the high employment rate of 2,733 and low poverty rate of 2.3% indicate a strong demand for housing, driven by a stable and employed population with a median age of 44.2.
What role does ethnic diversity play in shaping the local real estate market?
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The ethnic diversity in Morris Plains, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant community, and when combined with the foreign born rate of 14.5%, it suggests a market with a diverse range of perspectives and needs, which can drive innovation and demand for housing, particularly in areas with easy commute access, such as the 27.8-minute average commute time.
How do quality of life metrics, such as commute time and health insurance, impact market stability?
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The relatively short average commute time of 27.8 minutes, combined with a high health insurance coverage rate of 96.3% and low poverty rate of 2.3%, indicates a high quality of life for residents, which can contribute to a stable and attractive real estate market, with a strong potential for long-term property appreciation and rental yields, particularly in areas with good public transit access.
What are the implications of the local housing market and demographics for real estate investors?
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The high median property value of $472,900, combined with a high homeownership rate of 80.6% and relatively low poverty rate of 2.3%, suggests a market with a strong potential for property appreciation, while the diverse economy and ethnic mix, including a foreign born rate of 14.5%, contribute to a dynamic and attractive market for real estate investment, with a range of opportunities for rental income and long-term growth.
Morris Plains NJ Real Estate & City Facts
Key facts and real estate information about Morris Plains NJ.
What are some of the best neighborhoods to live in Morris Plains?
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Some of the best neighborhoods to live in Morris Plains, NJ, include areas with low crime rates and high quality of life, such as those near the town's quiet suburban streets and vibrant shopping and dining scene. According to NeighborhoodScout, Morris Plains has some of the features that families look for when choosing a good community to raise children, including good schools and a high rate of home ownership in predominantly single-family properties.
What are some fun things to do in Morris Plains?
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There are plenty of fun things to do in Morris Plains, NJ, such as visiting attractions like the ones listed on Tripadvisor and Yelp, which include live music venues like The Tabernacle and paint and sip studios like Canvas & Grapes. You can also check out events and activities on Eventbrite, such as concerts and festivals.
What is the food scene like in Morris Plains?
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Unfortunately, I was unable to gather information about the food scene in Morris Plains, NJ, due to a search error. However, I can suggest checking out review sites like Yelp to find highly-rated restaurants and cafes in the area.
What are the pros and cons of living in Morris Plains?
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The pros of living in Morris Plains, NJ, include its quiet suburban streets, vibrant shopping and dining scene, good schools, and low crime rate. However, some cons may include a lack of frenetic nightlife, which may not be ideal for everyone. Additionally, the quality of neighborhood within Morris Plains varies greatly, with some areas having higher home values than others.
Is Morris Plains a good place to live?
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Overall, Morris Plains, NJ, seems to be a solid community with many things to recommend it as a family-friendly place to live. With its good schools, low crime rate, and high rate of home ownership, it may be an ideal choice for families and individuals looking for a quiet and safe place to call home. However, it's always important to weigh the pros and cons and consider your own personal preferences and priorities when deciding whether a place is right for you.
⭐ 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 Morris Plains NJ Commercial Property: $107,212
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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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