Preakness, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Preakness, New Jersey Market population: 277K. 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 Preakness NJ Properties: 2.2480%
⭐ 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 Preakness NJ
Common questions from investors exploring commercial real estate in Preakness NJ.
What's the overall investment outlook for Newark, NJ, considering its demographic and economic trends?
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The 27.1% poverty rate and $33,960 median household income suggest a challenging market, but the 79.2% health insurance coverage and 32.3-minute average commute time indicate a degree of stability and access to employment opportunities, particularly in top industries like Information and Public Administration.
How does the ethnic diversity of Newark impact the local real estate market?
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The city's diverse population, with 33.2% Black, 25.2% Hispanic, and 15.4% White residents, can contribute to a vibrant and resilient market, and when combined with a relatively low median property value of $243,200, it may present opportunities for investors to tap into a diverse rental market.
What are the implications of Newark's commute patterns and health insurance coverage for real estate investors?
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The fact that residents have an average commute time of 32.3 minutes and rely heavily on public transit suggests a need for conveniently located housing, while the 79.2% health insurance coverage rate implies a level of employment stability, which can contribute to a more reliable tenant base.
How do the poverty rate and income inequality in Newark affect the quality of tenants and property values?
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The 27.1% poverty rate and a GINI coefficient of 0.471 indicate significant income inequality, which can impact tenant quality and property values, but the $33,960 median household income and 79.2% health insurance coverage also suggest that many residents are employed and have access to healthcare, mitigating some of these risks.
What role do top industries like Information and Public Administration play in shaping Newark's real estate market?
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The presence of these industries, combined with a median household income of $33,960 and a relatively low homeownership rate of 23.0%, suggests a strong demand for rental properties, particularly from employees in these sectors, and investors may find opportunities in catering to this demographic, especially in light of the city's diverse population and commute patterns.
Preakness NJ Real Estate & City Facts
Key facts and real estate information about Preakness NJ.
What are some of the best neighborhoods to live in Preakness?
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Preakness has several great neighborhoods to live in, including the area around the Preakness Valley Golf Course and the Preakness Shopping Center. These neighborhoods offer a range of housing options, from single-family homes to apartments, and are close to local amenities like restaurants and shops.
What are some fun things to do in Preakness?
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There are plenty of fun things to do in Preakness, including visiting the High Mountain Preserve, playing a round of golf at the Preakness Valley Golf Course, and shopping at the Preakness Shopping Center. You can also grab a bite to eat at one of the local restaurants, like Taste of Tuscany or IL Villagio Italian Restaurant.
What is the food scene like in Preakness?
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The food scene in Preakness is diverse and delicious, with a range of restaurants serving everything from Italian cuisine to burgers and pizza. There are also plenty of great food trucks and local eateries to try. Some popular spots include Taste of Tuscany, IL Villagio Italian Restaurant, and the Teriyaki Bowl.
What are the pros and cons of living in Preakness?
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The pros of living in Preakness include its beautiful natural surroundings, range of housing options, and convenient access to local amenities. However, some cons include the potential for traffic and crowds in the area, particularly around the shopping center and golf course. Additionally, the local school district, Wayne Township Public Schools, receives an A rating from Niche, but some residents may have concerns about the quality of education.
Is Preakness a good place to live?
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Overall, Preakness is a great place to live, offering a unique blend of natural beauty, convenient amenities, and community spirit. While it may have some drawbacks, the pros outweigh the cons for many residents. Whether you're looking for a quiet suburban lifestyle or a more active, outdoor-oriented community, Preakness has something to offer.
⭐ 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 Preakness NJ Commercial Property: $33,960
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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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