Palm Springs, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Palm Springs, Florida Market population: 45K. Explore income-producing properties with verified cap rates and...

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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 Palm Springs CA Properties: 4.8000%

📊 Average Income For Palm Springs CA Commercial Property: $45,198

Investor Questions For Palm Springs CA

Common questions from investors exploring commercial real estate in Palm Springs CA.

What's the overall investment outlook for Palm Springs, considering its demographics and economy? +

Palm Springs' median household income of $45,198, combined with a poverty rate of 16.5% and a high health insurance coverage of 89.4%, suggests a relatively stable market with a mix of working-class and more affluent residents, driven by top industries like Manufacturing, Wholesale Trade, and Information.

How does the city's ethnic diversity and commute time impact rental demand and property values? +

The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community, while the average commute time of 21.6 minutes and top commute methods like driving alone and working from home indicate a convenient location, potentially boosting rental demand and property values like the median $267,800.

What are the implications of Palm Springs' income inequality and foreign-born rate for real estate investors? +

The GINI coefficient of 0.51, indicating moderate income inequality, and a foreign-born rate of 18.1% suggest a market with a range of tenant profiles, from affordable to luxury, with potential for diverse rental income streams, considering the median property taxes of $12,994 and a homeownership rate of 61.2%.

How do quality-of-life metrics like health insurance coverage and commute time influence market stability in Palm Springs? +

The high health insurance coverage of 89.4% and relatively short average commute time of 21.6 minutes contribute to a stable and attractive environment for residents, which can lead to lower vacancy rates and higher property appreciation, making Palm Springs an appealing location for real estate investment.

What role do top industries like Manufacturing and Information play in shaping the local real estate market? +

The presence of Manufacturing, Wholesale Trade, and Information as top industries in Palm Springs indicates a diverse economy, which can lead to a stable demand for housing from employees in these sectors, potentially driving up property values and rental yields, especially considering the city's median property value of $267,800 and employed population of 18,926.

Palm Springs CA Real Estate & City Facts

Key facts and real estate information about Palm Springs CA.

What are some of the best neighborhoods to live in Palm Springs? +

Some of the best neighborhoods to live in Palm Springs include the Movie Colony, Indian Canyons, and Old Las Palmas. These neighborhoods offer a range of housing options, from modern homes to historic estates, and are close to downtown Palm Springs and its many amenities.

What are some fun things to do in Palm Springs? +

There are plenty of fun things to do in Palm Springs, including visiting the Palm Springs Art Museum, taking a ride on the Palm Springs Aerial Tramway, and exploring the beautiful Indian Canyons. You can also stroll down Palm Canyon Drive, visit the Living Desert Zoo and Gardens, and enjoy the city's many parks and outdoor spaces.

What is the food scene like in Palm Springs? +

The food scene in Palm Springs is vibrant and diverse, with a range of restaurants serving everything from contemporary American cuisine to Mexican and Asian fusion. Some popular restaurants include Workshop Kitchen + Bar, SOâ€¢PA, and FARM, as well as casual eateries like Cheeky's and The Heyday. There are also plenty of great food trucks and cafes serving up delicious coffee and pastries.

What are the pros and cons of living in Palm Springs? +

The pros of living in Palm Springs include its beautiful desert landscape, mild winters, and plenty of outdoor recreational opportunities. The city also has a thriving arts and culture scene, with many galleries, museums, and performance venues. However, the summers can be very hot, and the city can be quite crowded during the peak tourist season. Additionally, some areas of the city can be quite pricey, and traffic can be a challenge during rush hour.

Is Palm Springs a good place to live? +

Overall, Palm Springs is a great place to live for people who love the desert landscape and a relaxed, outdoor lifestyle. The city has a lot to offer, from its natural beauty to its cultural attractions and recreational opportunities. However, it may not be the best fit for everyone, particularly those who prefer a more urban or fast-paced environment. Ultimately, whether or not Palm Springs is a good place to live depends on your individual preferences and priorities.

Palm Springs, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Palm Springs CA Properties: 4.8000%

📊 Average Income For Palm Springs CA Commercial Property: $45,198

Investor Questions For Palm Springs CA

Palm Springs CA Real Estate & City Facts

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