Picture Rocks, AZ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Picture Rocks, Arizona Market population: 8K. Compare commercial properties across all major asset classes...
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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 Picture Rocks AZ Properties: 0.5200%
⭐ 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 Picture Rocks AZ
Common questions from investors exploring commercial real estate in Picture Rocks AZ.
What's the overall investment potential of Picture Rocks, AZ?
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The combination of a relatively low poverty rate of 14.6% and high health insurance coverage of 89.6% suggests a stable market with access to employment opportunities, making it an attractive location for real estate investment, especially considering the top industries like Manufacturing and Public Administration.
How does the local economy impact rental demand?
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With a median household income of $56,429 and a strong presence of industries like Finance & Insurance, and Real Estate & Rental & Leasing, there's a potential for consistent rental demand, further supported by the diverse population including White, White Non-Hispanic, and Hispanic communities.
What are the implications of commute times and methods on property values?
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The average commute time of 42.4 minutes, although somewhat lengthy, is mitigated by the prevalence of drive-alone and carpool commute methods, indicating decent infrastructure, which can positively impact property values, especially in areas with easy access to major employment centers like those in Manufacturing and Public Administration.
How does the income inequality and poverty rate affect tenant quality?
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The GINI coefficient of 0.433, indicating moderate income inequality, combined with a poverty rate of 14.6%, suggests that while there are challenges, the overall economic stability supported by a high health insurance rate of 89.6% can lead to a relatively reliable tenant base, especially in a market with a strong homeownership rate of 85.3%.
What role does ethnic diversity play in the local real estate market?
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The ethnic diversity in Picture Rocks, AZ, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community, which can attract a wide range of residents and potentially boost demand for housing, supported by the area's median property value of $111,900 and median property taxes of $2,708, making it an interesting market for investors looking for diverse and stable investment opportunities.
Picture Rocks AZ Real Estate & City Facts
Key facts and real estate information about Picture Rocks AZ.
What are some of the best neighborhoods to live in Picture Rocks?
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Some of the best neighborhoods to live in Picture Rocks include areas near the Tucson Mountains, such as the ones mentioned on Niche and Nextdoor. However, it's worth noting that the area can be a bit dusty and windy, as mentioned on Reddit.
What are some fun things to do in Picture Rocks?
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There are plenty of fun things to do in Picture Rocks, such as hiking to the Picture Rocks Petroglyphs, visiting the Cocoraque Ranch, or exploring the nearby Coronado National Forest. You can also check out the attractions listed on Komoot, Yelp, and Tripadvisor.
What is the food scene like in Picture Rocks?
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The food scene in Picture Rocks is limited, but there are some great options in the surrounding area, such as Horseshoe Barbecue, German Food Station, and Circle S Saloon. You can also find some great food stands and restaurants in nearby Marana, as mentioned on Facebook and Tucson Foodie.
What are the pros and cons of living in Picture Rocks?
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The pros of living in Picture Rocks include its natural beauty, with plenty of opportunities for hiking and outdoor activities. However, the area can be a bit isolated, and some residents have mentioned that it can feel dusty and windy at times. Additionally, the food scene is limited, and you may need to drive to nearby Tucson or Marana for more options.
Is Picture Rocks a good place to live?
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Whether or not Picture Rocks is a good place to live depends on your individual preferences and priorities. If you value natural beauty, outdoor activities, and a quiet, rural lifestyle, then Picture Rocks may be a great fit for you. However, if you're looking for a more urban lifestyle with plenty of amenities and entertainment options, you may want to consider other areas in Tucson or Marana.
⭐ 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 Picture Rocks AZ Commercial Property: $56,429
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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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