Oak Ridge, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Oak Ridge, Florida Market population: 29K. Compare commercial properties across all major asset classes...

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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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📊 Avg Property Tax Rate For Oak Ridge TN Properties: 0.2470%

📊 Average Income For Oak Ridge TN Commercial Property: $53,834

Investor Questions For Oak Ridge TN

Common questions from investors exploring commercial real estate in Oak Ridge TN.

What's the overall investment outlook for Oak Ridge, TN, considering its demographics and economy? +

The city's median household income of $53,834, combined with a relatively high poverty rate of 15.2%, suggests a mixed economic landscape. However, the strong employment numbers, with 13,115 people employed, and a high health insurance coverage rate of 90.5% indicate a stable workforce, making it an attractive investment opportunity.

How does the city's ethnic diversity and industry landscape impact the real estate market? +

The top ethnicities, including White (44.4%) and White Non-Hispanic (42.7%), contribute to a diverse community, while the dominant industries, such as Information (Group) and Public Administration (Group), drive demand for housing. This diversity, paired with a foreign-born rate of 2.2%, suggests a vibrant and growing market.

What are the key factors influencing the quality of life for residents and, by extension, the attractiveness of Oak Ridge as an investment destination? +

The average commute time of 19.8 minutes, which is relatively short, and the high health insurance coverage rate of 90.5% contribute to a high quality of life. Additionally, the top commute methods, including driving alone and working from home, indicate flexibility and convenience, making Oak Ridge an appealing place to live and invest.

How do the city's housing market and property values impact investment potential? +

The median property value of $148,400 and median property taxes of $7,644 suggest a relatively affordable housing market. With a homeownership rate of 62.0%, there is a balance between owned and rented properties, providing opportunities for both rental income and long-term appreciation in property value.

What role do education and safety play in assessing the stability and growth potential of the Oak Ridge real estate market? +

The high school graduation rate of 92.2% and the presence of a significant percentage of the population with a Bachelor's degree or higher (43.8%) indicate a well-educated population, which can contribute to a stable and growing market. Furthermore, the low violent crime rate of 0.35 per 1,000 residents adds to the city's appeal, suggesting a safe environment that can attract residents and investors alike.

Oak Ridge TN Real Estate & City Facts

Key facts and real estate information about Oak Ridge TN.