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Noble, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Noble, Illinois Market population: 7K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Noble OK Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Noble OK Properties: 0.9100%

πŸ“Š Average Income For Noble OK Commercial Property: $52,742

Investor Questions For Noble OK

Common questions from investors exploring commercial real estate in Noble OK.

What's the overall investment potential of Noble, OK, considering its demographics and economy? +
Noble, OK, with a population of 6,545 and a median age of 31.9, presents a stable investment market, especially given its median household income of $52,742 and a relatively low poverty rate of 10.3%, indicating a strong and stable workforce. The top industries, including Public Administration and Finance & Insurance, suggest a diversified economy. Additionally, the health insurance coverage rate of 85.5% and an average commute time of 23.6 minutes highlight a good quality of life for residents, which can attract and retain tenants.
How does the ethnic diversity and industry mix in Noble, OK, impact real estate demand? +
The ethnic diversity in Noble, OK, with top ethnicities being White, White Non-Hispanic, and Two Or More, contributes to a culturally rich community, which can appeal to a broad range of tenants. The mix of top industries such as Public Administration, Finance & Insurance, and Agriculture, Forestry, Fishing & Hunting, & Mining, not only diversifies the local economy but also creates a demand for various types of housing, from apartments for young professionals in finance to family homes for those in public administration, thereby supporting a stable rental market.
What are the implications of Noble, OK's poverty rate and health insurance coverage for real estate investors? +
The 10.3% poverty rate in Noble, OK, combined with an 85.5% health insurance coverage, suggests a working-class market with a level of employment stability and access to healthcare, which are positive indicators for tenant reliability and potential for long-term rentals. This balance is crucial for investors looking to minimize risks associated with tenant instability and non-payment of rent.
How do commute times and methods in Noble, OK, affect the attractiveness of the area for investment? +
The average commute time of 23.6 minutes in Noble, OK, along with the top commute methods being driving alone, carpooling, and working from home, indicates a relatively convenient and flexible commuting environment. This can make the area more attractive to potential residents who value ease of transportation and work-life balance, thereby supporting demand for housing and potentially increasing property values over time.
What insights can be gleaned from Noble, OK's homeownership rate and median property value for real estate investment strategies? +
With a homeownership rate of 72.3% and a median property value of $103,100, Noble, OK, presents an opportunity for investors to capitalize on a market where there is a significant portion of the population already invested in homeownership, suggesting a level of community stability. The median property value also indicates a relatively affordable market for investment, potentially offering a good balance between initial investment costs and rental yield, especially when considering the low poverty rate and high health insurance coverage as factors contributing to a reliable tenant base.

Noble OK Real Estate & City Facts

Key facts and real estate information about Noble OK.

What are some of the best neighborhoods to live in Noble? +
Some of the best neighborhoods to live in Noble, OK include Hilltop Rd, Heritage Hills, and Noble West. These neighborhoods offer a peaceful and family-friendly environment with beautiful trees and abundant wildlife. Additionally, they have a rural feel and most residents own their homes, making them great for families.
What are some fun things to do in Noble? +
There are plenty of fun things to do in Noble, OK. You can visit the Sam Noble Oklahoma Museum of Natural History, which inspires minds to understand the world through collection-based research, interpretation, and education. Other attractions include Riley Park, Noble Splash Pad, and the Rose Rock Gallery & Museum. You can also explore the downtown area and visit local shops and restaurants.
What is the food scene like in Noble? +
The food scene in Noble, OK is classic Oklahoma, with plenty of options for smoked brisket, fried catfish, onion burgers, chicken-fried steak, and sweet slices of pecan pie. Some popular restaurants include Kendall's Restaurant, which serves hearty, home-style American cuisine, and Hilltop Hideaway, a dive bar with great food options. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Noble? +
The pros of living in Noble, OK include its peaceful and family-friendly environment, rural feel, and affordable housing options. However, some cons include limited job opportunities and a smaller selection of restaurants and shops compared to larger cities. Additionally, the town may not have as many entertainment options or cultural events as other areas. Overall, Noble is a great choice for those looking for a quiet, small-town lifestyle.
Is Noble a good place to live? +
Noble, OK can be a great place to live for those who value a peaceful, small-town environment and are looking for an affordable place to call home. While it may not have all the amenities of a larger city, it has a strong sense of community and plenty of opportunities to get involved. With its rich history, natural beauty, and friendly residents, Noble is definitely worth considering for those looking for a quiet, rural lifestyle.
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