Sparta, KY Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Sparta, Kentucky Market population: 10K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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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 Sparta WI Properties: 2.3840%
⭐ 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 Sparta WI
Common questions from investors exploring commercial real estate in Sparta WI.
What's the overall investment outlook for Sparta, WI, considering its demographics and economy?
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With a median household income of $45,417 and a poverty rate of 14.9%, Sparta presents a relatively stable market, especially when combined with its high health insurance coverage rate of 92.7% and a short average commute time of 17.5 minutes, indicating a reliable workforce and good quality of life for residents.
How does the ethnic diversity and industry mix in Sparta impact real estate demand?
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The city's top ethnicities, including White, White Non-Hispanic, and Hispanic populations, contribute to a diverse community, while its top industries such as Public Administration, Transportation & Warehousing, and Professional Services suggest a strong, multifaceted economy that can support a varied and robust rental market.
What are the implications of Sparta's housing market statistics for real estate investors?
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A median property value of $106,200 and median property taxes of $2,148, coupled with a homeownership rate of 59.7%, indicate a relatively affordable housing market with potential for both rental income and property appreciation, especially considering the city's low average commute time and high health insurance coverage rate.
How does the commute time and method impact the quality of life and stability of the rental market in Sparta?
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The short average commute time of 17.5 minutes, primarily by driving alone, carpooling, or working from home, suggests a convenient and flexible lifestyle for residents, which, when combined with the high health insurance rate of 92.7% and a poverty rate of 14.9%, points to a stable and attractive rental market with reliable tenants.
What role do income inequality and employment rates play in assessing the investment potential of Sparta?
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With a GINI coefficient of 0.372 indicating moderate income inequality and an employed population of 4,621, Sparta's economy appears to have a balance of stability and opportunity, suggesting that real estate investments could benefit from a diverse and relatively secure workforce, especially when considering the city's top industries and high health insurance coverage rate.
Sparta WI Real Estate & City Facts
Key facts and real estate information about Sparta WI.
What are some of the best neighborhoods to live in Sparta?
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Some of the best neighborhoods to live in Sparta, WI, are the central parts of the city, which tend to be more desired, and the east regions, which offer more affordable homes. According to Nextdoor, the Town of Sparta is a peaceful and rural neighborhood with beautiful landscapes and a lively creek. Other sources like Best Neighborhood and AreaVibes also provide information on the best places to live in Sparta, WI.
What are some fun things to do in Sparta?
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There are plenty of fun things to do in Sparta, WI. You can visit the Deke Slayton Memorial Space & Bicycle Museum, which celebrates Sparta's astronaut Donald 'Deke' Slayton and bicycles. The Wegner Grotto County Park is another fantastic attraction, featuring concrete sculptures decorated with thousands of glittering glass gems. Additionally, you can ride the Elroy-Sparta State Bike Trail, shop in Downtown Sparta, or visit the Ho-Chunk Gaming Black River Falls.
What is the food scene like in Sparta?
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The food scene in Sparta, WI, offers a variety of options, including homemade comfort foods, salad bars with locally sourced produce, and classic Wisconsin specials. Some popular restaurants include Smitty's Overtime Inn, which serves prime rib, homemade pizza, ribs, burgers, and fish fry. Dub's Pub and Catering is another great spot, offering a new menu and a regular Wisconsin fish fry with a twist. There are also plenty of great food trucks and supper clubs in the area.
What are the pros and cons of living in Sparta?
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The pros of living in Sparta, WI, include its peaceful and rural neighborhoods, beautiful landscapes, and a lively creek. The city also offers a variety of fun things to do, including visiting museums, riding bike trails, and shopping in Downtown Sparta. However, some cons include the limited job opportunities and a relatively high poverty rate. Additionally, the city's population is relatively small, which may not be ideal for those who prefer a more urban lifestyle.
Is Sparta a good place to live?
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Overall, Sparta, WI, is a good place to live for those who value a peaceful and rural lifestyle. The city offers a variety of fun things to do, a growing food scene, and a strong sense of community. However, it may not be the best fit for those who prefer a more urban lifestyle or require a wider range of job opportunities. According to Niche, Sparta is ranked as one of the best places to buy a house in Wisconsin and has a low cost of living. Ultimately, whether Sparta is a good place to live depends on individual preferences and priorities.
⭐ 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 Sparta WI Commercial Property: $45,417
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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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