Plaquemine, LA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Plaquemine, Louisiana Market population: 7K. Explore income-producing properties with verified cap rates and operating...
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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 Plaquemine LA Properties: 0.6200%
⭐ 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 Plaquemine LA
Common questions from investors exploring commercial real estate in Plaquemine LA.
What's the overall investment potential of Plaquemine, LA, considering its demographics and economy?
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With a median household income of $41,798 and a poverty rate of 21.1%, Plaquemine's market is characterized by a working-class population, which is further supported by its diverse top industries, including Manufacturing, Public Administration, and Construction, suggesting a stable employment base. The city's ethnic diversity, with Black, White, and White Non-Hispanic populations, and a low foreign born rate of 1.4%, indicates a relatively stable community. Additionally, the high health insurance coverage rate of 92.6% and average commute time of 23.2 minutes suggest a decent quality of life for residents.
How does the local economy impact the real estate market in Plaquemine, LA?
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The local economy, driven by Manufacturing, Public Administration, and Construction, provides a foundation for stable employment, with 3,024 employed individuals, which is beneficial for real estate investors. The median property value of $98,600 and median property taxes of $2,015 are relatively affordable, making it an attractive option for investors. Furthermore, the GINI coefficient of 0.51 indicates a moderate level of income inequality, and when combined with the poverty rate of 21.1%, it suggests that investors should focus on affordable housing options to cater to the local demand.
What are the key factors to consider when assessing the quality of life for tenants in Plaquemine, LA?
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When evaluating the quality of life for tenants, factors such as the average commute time of 23.2 minutes, top commute methods like driving alone or carpooling, and health insurance coverage of 92.6% are crucial. These metrics indicate a relatively convenient and healthy environment for residents. Additionally, the city's median age of 34.5 and high school graduation rate of 85.1% suggest a fairly stable and educated population, which can contribute to a lower turnover rate and more reliable tenants.
How does the ethnic diversity and industry mix in Plaquemine, LA, influence the demand for real estate?
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The ethnic diversity in Plaquemine, with a mix of Black, White, and White Non-Hispanic populations, contributes to a vibrant community with varied housing needs. The top industries, including Manufacturing, Public Administration, and Construction, create a demand for housing that caters to different segments of the workforce. This diversity can lead to a more resilient real estate market, as different industries and populations can support each other during economic fluctuations. Moreover, the foreign born rate of 1.4% is relatively low, indicating a stable community with minimal influx of new residents that could impact housing demand.
What are the implications of the poverty rate and health insurance coverage on tenant quality in Plaquemine, LA?
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The poverty rate of 21.1% in Plaquemine suggests that a significant portion of the population may face financial challenges, which can impact tenant quality and reliability. However, the high health insurance coverage rate of 92.6% indicates that many residents have access to healthcare, which can contribute to a more stable and responsible tenant base. Investors should consider these factors when selecting properties and developing tenant screening processes to ensure a balance between affordability and tenant reliability. The employed population of 3,024 and median household income of $41,798 also support the potential for a stable tenant base.
Plaquemine LA Real Estate & City Facts
Key facts and real estate information about Plaquemine LA.
What are some of the best neighborhoods to live in Plaquemine?
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Unfortunately, I was unable to find specific neighborhood information. However, Plaquemine has a variety of homes and communities to choose from, with a median property value of $98,600 and a homeownership rate of 68.5%.
What are some fun things to do in Plaquemine?
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Plaquemine has a few attractions, but for a wider range of activities, you may want to visit nearby Baton Rouge. Some popular restaurants in the area include Ruth's Chris Steak House, The Colonel's Club, and Sullivan's Steakhouse.
What is the food scene like in Plaquemine?
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The food scene in Plaquemine includes a variety of restaurants, such as Fat Daddy's, Cabos Grill 2, and Hot Wok. There are also some steakhouses in the area, including Fleming's Prime Steakhouse & Wine Bar and J's Joint. Additionally, Los Caravantes Restaurant offers a distinctive Latin-American dining experience.
What are the pros and cons of living in Plaquemine?
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Some pros of living in Plaquemine include its relatively low cost of living and a strong sense of community. However, some cons include a higher-than-average crime rate, with a violent crime rate of 550.6 per 100,000 and a property crime rate of 3,514.1 per 100,000. The city also has a poverty rate of 21.1% and an obesity rate of 36.4%.
Is Plaquemine a good place to live?
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Whether or not Plaquemine is a good place to live depends on your individual priorities and preferences. While it has some challenges, such as a high crime rate and poverty rate, it also has a strong sense of community and a relatively low cost of living. It's worth doing your own research and weighing the pros and cons before making a decision.
⭐ 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 Plaquemine LA Commercial Property: $41,798
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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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