Platteville, CO Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Platteville, Colorado Market population: 11K. Compare commercial properties across all major asset classes with...
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3 properties found
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π Average Cap Rate For Platteville WI Properties: 5.7%
β 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
π Avg Property Tax Rate For Platteville WI Properties: 1.7000%
β 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
Investor Questions For Platteville WI
Common questions from investors exploring commercial real estate in Platteville WI.
What's the overall investment outlook for Platteville, WI, considering its demographics and economy?
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The city's median household income of $42,424 and a poverty rate of 30.2% suggest a mixed economic landscape, but the high health insurance coverage of 93.9% and relatively low average commute time of 17.9 minutes indicate a level of employment stability and quality of life that could support rental demand, particularly from the construction and information industries.
How does the ethnic diversity and industry mix in Platteville impact real estate investment?
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The top ethnicities, including White and White Non-Hispanic, alongside a diverse industry base featuring construction, information, and professional services, suggest a potentially stable and growing market, especially considering the city's high education levels, such as a 92.1% high school graduation rate, which can attract businesses and residents alike.
What are the implications of Platteville's housing market statistics for investors?
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The median property value of $143,100 and median property taxes of $1,611, combined with a homeownership rate of 43.8%, indicate a relatively affordable market, but the poverty rate of 30.2% and GINI coefficient of 0.428 suggest income inequality, which investors should consider when assessing potential tenant quality and market demand, particularly in relation to the health insurance rate of 93.9% which suggests a level of financial stability among residents.
How do quality of life metrics, such as commute time and health insurance coverage, influence the stability of the real estate market in Platteville?
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The short average commute time of 17.9 minutes and high health insurance coverage rate of 93.9% are positive indicators of quality of life, suggesting that residents have access to employment opportunities and healthcare, which can contribute to a stable rental market, especially when combined with the city's low violent crime rate of 0.35 per 1,000 residents, making it an attractive location for both families and professionals.
What role do the top industries in Platteville play in shaping the real estate investment landscape?
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The presence of construction, information, and professional services as top industries indicates a diversified economy, which can support a stable demand for housing, particularly rental properties, considering the city's median age of 21.8 and the foreign-born rate of 3.4%, suggesting a potential for a young, diverse, and growing population that may prefer renting over homeownership, thus benefiting investors in the rental market.
Platteville WI Real Estate & City Facts
Key facts and real estate information about Platteville WI.
What are some of the best neighborhoods to live in Platteville?
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Some of the best neighborhoods to live in Platteville include the central parts of the city, which tend to be more desired, while more affordable homes can be found in the southwest regions. According to AreaVibes, the best places to live in Platteville have a population of around 12,000 and offer a mix of urban and rural living.
What are some fun things to do in Platteville?
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There are plenty of fun things to do in Platteville, including visiting the Mining & Rollo Jamison Museums, exploring the Historic 2nd Street, and checking out the Platte Mound M. You can also take a stroll along the Rountree Branch Trail or visit the DeWitt House. For entertainment, you can catch a movie or go bowling.
What is the food scene like in Platteville?
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The food scene in Platteville is diverse and offers a range of options. You can find great restaurants like 7 Hills North, A&W Restaurant, and Nick's, which serve everything from burgers to BBQ. There are also plenty of great food trucks and cafes, like Badger Brothers Coffee, that offer a quick bite or a cup of coffee.
What are the pros and cons of living in Platteville?
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The pros of living in Platteville include its affordable housing market, low cost of living, and beautiful scenery. However, the cons include a lower median household income and limited job opportunities. Additionally, the city can be quiet in the summer, but it's beautiful and offers a great quality of life.
Is Platteville a good place to live?
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Platteville is a great place to live for those who value a small-town atmosphere and a low cost of living. While it may not offer the same level of excitement as a bigger city, it has a lot to offer in terms of natural beauty, outdoor activities, and a strong sense of community. Overall, it's a good choice for families, retirees, and those who want to escape the hustle and bustle of city life.
π Average Income For Platteville WI Commercial Property: $42,424
β 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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