Pikesville, MD Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Pikesville, Maryland Market population: 32K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Pikesville MD Properties: 1.2100%
⭐ 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 Pikesville MD
Common questions from investors exploring commercial real estate in Pikesville MD.
What is the overall investment potential of Pikesville, MD, considering its demographic and economic factors?
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Pikesville, MD, with a median household income of $73,107 and a relatively low poverty rate of 8.0%, presents a stable investment market. The city's diverse population, including a significant foreign-born rate of 17.1%, and top industries like Construction and Public Administration, contribute to its economic resilience. Additionally, the high health insurance coverage rate of 96.0% and low average commute time of 24.5 minutes suggest a favorable quality of life for residents, making it an attractive location for real estate investment.
How does the ethnic diversity and industry mix in Pikesville impact the demand for housing and rental properties?
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The ethnic diversity in Pikesville, with top ethnicities including White, White Non-Hispanic, and Black, contributes to a vibrant community with varied housing needs. The presence of top industries like Construction, Public Administration, and Manufacturing supports a stable workforce, driving demand for housing. With a median property value of $302,200 and a homeownership rate of 68.1%, there is also potential for rental properties, especially considering the city's relatively low poverty rate and high health insurance coverage.
What are the key factors indicating the quality of life in Pikesville, MD, and how do they influence real estate investment decisions?
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The quality of life in Pikesville, MD, is indicated by factors such as the low average commute time of 24.5 minutes, high health insurance coverage rate of 96.0%, and a significant portion of the population holding a Bachelor's degree or higher. These factors suggest a stable and desirable living environment, which can positively impact property values and rental yields. Furthermore, the city's diverse economy and relatively low poverty rate of 8.0% contribute to a favorable investment climate.
How does the income inequality in Pikesville, as measured by the GINI coefficient, affect the real estate market and investment strategies?
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Pikesville's GINI coefficient of 0.507 indicates a moderate level of income inequality. This, combined with a median household income of $73,107 and a poverty rate of 8.0%, suggests that investors should consider a mix of housing types and price points to cater to different segments of the population. The relatively high median property value of $302,200 and median property taxes of $9,282 also imply that investors should focus on higher-end properties or renovation projects to maximize returns.
What role does the foreign-born population in Pikesville play in shaping the local real estate market and investment opportunities?
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The foreign-born rate of 17.1% in Pikesville contributes to the city's cultural diversity and can influence the demand for specific types of housing, such as multi-family units or properties with particular amenities. This diversity, coupled with the city's strong industries and high health insurance coverage rate of 96.0%, creates a unique investment environment. Investors may find opportunities in catering to the needs of this diverse population, potentially through targeted property developments or renovations that appeal to international buyers or renters.
Pikesville MD Real Estate & City Facts
Key facts and real estate information about Pikesville MD.
What are some of the best neighborhoods to live in Pikesville?
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Some of the best neighborhoods to live in Pikesville include Annen Woods, Courtland Woods, and the areas off Reisterstown Road, which offer easy access to 695 and a variety of shopping and dining options.
What are some fun things to do in Pikesville?
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Pikesville offers a range of activities, including historical sightseeing tours, dinner cruises, helicopter sightseeing tours, and food tours. You can also visit the Maryland Zoo, Evergreen Museum and Library, and Cathedral of Mary Our Queen, or explore the nearby Druid Hill Park and Patapsco Valley State Park.
What is the food scene like in Pikesville?
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Pikesville has a diverse culinary landscape, with top-rated restaurants like Jilly's, First Watch, and Ruth's Chris Steak House. You can also find specialty food stores and hidden gems, such as H & Chicken and This Is Wings & Seafood, which offer a wide array of dining options.
What are the pros and cons of living in Pikesville?
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Pikesville offers a sense of suburban tranquility and a small-town atmosphere, with easy access to shopping and dining options. However, some areas may be quiet and non-eventful, and traffic on Reisterstown Road can be a challenge. Overall, Pikesville is a great destination for families and those looking for a peaceful living environment.
Is Pikesville a good place to live?
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Yes, Pikesville is a good place to live, offering a unique blend of suburban tranquility and access to amenities. With its diverse culinary landscape, range of activities, and peaceful neighborhoods, Pikesville is an attractive option for those looking for a high quality of life. However, as with any place, it's essential to weigh the pros and cons and consider individual preferences and priorities.
⭐ 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 Pikesville MD Commercial Property: $73,107
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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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