Spanish Lake, MO Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Spanish Lake, Missouri Market population: 20K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Spanish Lake MO 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 Spanish Lake MO
Common questions from investors exploring commercial real estate in Spanish Lake MO.
What's the overall investment potential of Spanish Lake, MO, considering its demographics and economy?
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The city's median household income of $33,000, combined with a poverty rate of 20.5% and a health insurance coverage of 86.7%, suggests a relatively stable market with a working-class population. The top industries, including Transportation & Warehousing and Public Administration, indicate a diverse economy, while the 28.8-minute average commute time and high drive-alone commute method reflect decent infrastructure. Additionally, the ethnic diversity, with 67.0% Black population, may attract investors looking for a culturally rich community.
How does the local housing market look in terms of property values and taxes?
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With a median property value of $101,500 and median property taxes of $3,711, Spanish Lake's housing market seems relatively affordable. The homeownership rate of 48.3% and the presence of top industries like Information and Public Administration may contribute to a stable demand for housing, potentially benefiting investors. Furthermore, the city's income inequality, as indicated by a GINI coefficient of 0.441, and the poverty rate of 20.5% should be considered when assessing the rental market's potential.
What are the key factors to consider when evaluating the quality of life in Spanish Lake, MO, for real estate investment?
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The average commute time of 28.8 minutes, top commute methods like driving alone and carpooling, and a health insurance coverage rate of 86.7% all contribute to a decent quality of life in Spanish Lake. The median age of 30.2 and the employed population of 7,757 also suggest a relatively young and working population, which could be attractive to investors looking for a stable rental market. Moreover, the ethnic diversity and the presence of various industries may enhance the city's livability and appeal to a broader range of tenants.
How does the ethnic diversity and industry mix in Spanish Lake, MO, impact the local real estate market?
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The city's ethnic diversity, with a dominant Black population of 67.0%, and the mix of top industries, including Transportation & Warehousing and Information, may create a unique market demand. The relatively low median household income of $33,000 and the poverty rate of 20.5% should be balanced against the health insurance coverage of 86.7% and the average commute time of 28.8 minutes, which together suggest a working-class population with access to employment opportunities and decent healthcare. This combination could attract investors seeking a diverse and relatively stable market.
What are the implications of Spanish Lake's poverty rate and health insurance coverage for real estate investors?
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The poverty rate of 20.5% combined with the health insurance coverage of 86.7% in Spanish Lake suggests a working-class market with a degree of employment stability and access to healthcare. The median household income of $33,000 and the average commute time of 28.8 minutes further indicate a population that is likely to be rent-burdened, making affordable housing a potential investment opportunity. Additionally, the top industries and ethnic diversity may contribute to a vibrant community, which could enhance the attractiveness of the local real estate market to investors.
Spanish Lake MO Real Estate & City Facts
Key facts and real estate information about Spanish Lake MO.
What are some of the best neighborhoods to live in Spanish Lake?
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Some of the best neighborhoods to live in Spanish Lake include Northampton, Lindenwood Park, and St Louis Hills. These neighborhoods offer a lot of nice shops, restaurants, bars, parks, and walkability. However, it's worth noting that the area can be quite diverse, and some neighborhoods may have more commerce and amenities than others.
What are some fun things to do in Spanish Lake?
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There are plenty of fun things to do in Spanish Lake, including visiting the Spanish Lake Park, which features trails, fishing, athletic fields, and reservable picnic shelters. You can also explore the nearby attractions such as the Gateway Arch, Forest Park, and the Saint Louis Zoo. Additionally, there are several restaurants and bars in the area that offer a range of cuisines and entertainment options.
What is the food scene like in Spanish Lake?
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The food scene in Spanish Lake is quite diverse, with a range of restaurants offering different cuisines. Some popular options include Moma Elaynes, Lotawata Creek's Chick N Shack, Crawling Crab, and Mom and Pop's Kitchen. There are also plenty of great food trucks and casual eateries in the area. However, it's worth noting that the area may not have as many high-end dining options as some other parts of the city.
What are the pros and cons of living in Spanish Lake?
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The pros of living in Spanish Lake include its diverse community, historic sites, and natural parks. The area also has a relatively low cost of living and a range of housing options. However, some cons include the limited commerce and amenities in some neighborhoods, and the fact that the area can be quite residential and quiet. Additionally, some parts of the area may have higher crime rates than others.
Is Spanish Lake a good place to live?
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Overall, Spanish Lake can be a good place to live for those who value a diverse community, historic sites, and natural parks. The area has a lot to offer, from its range of restaurants and bars to its outdoor recreational opportunities. However, it's worth doing your research and visiting the area in person to get a sense of whether it's the right fit for you. Additionally, it's worth considering factors such as commute time, schools, and safety when deciding whether to live in Spanish Lake.
⭐ 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 Spanish Lake MO Commercial Property: $33,000
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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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