Saks, AL Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Saks, Alabama Market population: 10K. Explore income-producing properties with verified cap rates and operating...
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10 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 Saks AL Properties: 4.3450%
⭐ 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 Saks AL
Common questions from investors exploring commercial real estate in Saks AL.
What's the overall investment potential of Saks, AL, considering its demographics and economy?
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With a median household income of $41,097 and a poverty rate of 17.8%, Saks, AL, presents a relatively stable market, especially when combined with its 88.4% health insurance coverage, indicating a degree of employment stability and access to healthcare, which can attract reliable tenants. The city's top industries, including Educational Services and Health Care, also suggest a diverse economic base. Additionally, the average commute time of 22.8 minutes and high homeownership rate of 75.5% point to a quality of life that could support long-term rental demand.
How does the ethnic diversity and industry mix in Saks, AL, impact real estate investment?
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The ethnic diversity in Saks, AL, with a mix of White, White Non-Hispanic, and Black populations, suggests a potentially vibrant and inclusive community, which can be attractive for investors looking for areas with a strong sense of community. The top industries, including Educational Services, Health Care, and Transportation, provide a broad base of employment opportunities, which can lead to a more stable rental market. This diversity, combined with a relatively low poverty rate of 17.8% and high health insurance coverage of 88.4%, indicates a market with good potential for growth and stability.
What are the implications of Saks, AL's, commute times and health insurance rates for real estate investors?
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The average commute time of 22.8 minutes in Saks, AL, is relatively short, suggesting good infrastructure and accessibility, which can be a significant draw for potential renters. When combined with the high health insurance coverage rate of 88.4%, this indicates a population with access to employment opportunities and healthcare, making for more reliable tenants. This balance of commute convenience and health insurance coverage can contribute to a stable and attractive rental market for investors.
How does the poverty rate and income inequality in Saks, AL, affect the real estate market?
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The poverty rate of 17.8% in Saks, AL, while notable, is mitigated by the city's median household income of $41,097 and a GINI coefficient of 0.425, which, although indicating some income inequality, suggests a working-class market with potential for economic growth. The relatively high homeownership rate of 75.5% and median property value of $92,800 also point to a stable housing market, which can be favorable for investors looking for long-term appreciation and rental income.
What insights do the top industries and commute methods in Saks, AL, offer for real estate investment strategies?
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The top industries in Saks, AL, including Educational Services and Health Care, suggest a strong foundation for employment and economic stability, which can support a vibrant rental market. The commute methods, with a preference for driving alone, carpooling, and working from home, indicate flexibility and potentially lower transportation costs for residents, enhancing the quality of life. This, combined with the city's ethnic diversity and relatively low poverty rate, offers investors a market with a good balance of stability, growth potential, and quality of life, making it an attractive location for real estate investment.
Saks AL Real Estate & City Facts
Key facts and real estate information about Saks AL.
What are some of the best neighborhoods to live in Saks?
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Some of the best neighborhoods to live in Saks include the area near Saks Road and the neighborhoods surrounding the Anniston Museum of Natural History. These areas are known for their good schools, community spirit, and low income neighborhoods.
What are some fun things to do in Saks?
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There are plenty of fun things to do in Saks, including visiting the Anniston Museum of Natural History, exploring the terrain for outdoor activities like golfing, biking, and hiking, and checking out the businesses that cater to families. You can also visit Blackberry Hill Alpacas, which is a 5-star rated attraction farm.
What is the food scene like in Saks?
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The food scene in Saks is diverse, with options ranging from homestyle eateries to pizzerias like Noble Romans Pizzeria. There are also plenty of great food trucks and restaurants serving international cuisine, including Thai food at Saks in Fairport.
What are the pros and cons of living in Saks?
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The pros of living in Saks include its good schools, community spirit, and low cost of living. However, some cons include the low income neighborhoods and limited job opportunities. Overall, Saks is a great place to live for those who value a strong sense of community and a low cost of living.
Is Saks a good place to live?
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Yes, Saks is a good place to live for those who value a strong sense of community, good schools, and a low cost of living. While it may have some limitations in terms of job opportunities, the area is rich in outdoor activities and has a diverse food scene. Ultimately, whether Saks is a good place to live depends on your individual priorities and preferences.
⭐ 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 Saks AL Commercial Property: $41,097
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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 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
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⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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