Terrace Heights, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Terrace Heights, Washington Market population: 6K. 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 Terrace Heights WA Properties: 0.8800%
⭐ 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 Terrace Heights WA
Common questions from investors exploring commercial real estate in Terrace Heights WA.
What's the overall investment potential of Terrace Heights, WA?
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With a median household income of $56,913 and a relatively low poverty rate of 9.0%, combined with a high health insurance coverage rate of 92.8%, Terrace Heights presents a stable investment market. The top industries, including Construction and Finance & Insurance, also suggest a diverse economy. Additionally, the average commute time of 18.2 minutes and high homeownership rate of 70.8% indicate a desirable quality of life.
How does the ethnic diversity and industry mix impact the rental market in Terrace Heights?
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The ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant community, while the industry mix, featuring Construction, Finance & Insurance, and Arts & Entertainment, supports a strong demand for rentals. The foreign born rate of 5.4% also suggests a potential for international investment and cultural exchange, which can be attractive to renters. Furthermore, the median property value of $176,000 and median property taxes of $2,171 provide a relatively affordable housing option.
What are the key factors to consider when assessing tenant quality in Terrace Heights?
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The 9.0% poverty rate, combined with the 92.8% health insurance coverage, suggests a working-class market with employment stability. The average commute time of 18.2 minutes and top commute methods, including driving alone and working from home, also indicate a convenient and flexible lifestyle for tenants. Moreover, the employed population of 2,957 and top industries, such as Construction and Finance & Insurance, provide a stable economic foundation for tenants.
How does the quality of life in Terrace Heights impact its attractiveness to investors?
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The average commute time of 18.2 minutes, which is relatively short, and the high health insurance coverage rate of 92.8% contribute to a high quality of life in Terrace Heights. The top commute methods, including driving alone and working from home, also suggest a flexible and convenient lifestyle. Additionally, the median age of 46.4 and high homeownership rate of 70.8% indicate a stable and established community, making it an attractive option for investors seeking long-term rentals or property appreciation.
What role do property values and taxes play in the investment potential of Terrace Heights?
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The median property value of $176,000 and median property taxes of $2,171 provide a relatively affordable housing option, which can be attractive to investors seeking rental income or property appreciation. The GINI coefficient of 0.393, which indicates a moderate level of income inequality, also suggests that there may be opportunities for investors to cater to a range of income levels. Furthermore, the strong demand from top industries, such as Construction and Finance & Insurance, can support long-term property value growth and rental yields.
Terrace Heights WA Real Estate & City Facts
Key facts and real estate information about Terrace Heights WA.
What are some of the best neighborhoods to live in Terrace Heights?
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Some of the best neighborhoods to live in Terrace Heights include the historic district of Central Yakima, West Valley for suburban comfort, Barge-Chestnut for historic charm, and Terrace Heights itself for its quiet streets and sweeping valley views.
What are some fun things to do in Terrace Heights?
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There are plenty of fun things to do in Terrace Heights, including visiting the Yakima Valley Museum, exploring the hiking trails, and checking out the local wineries like Bonair Winery. You can also catch a show at the Majestic Theater or attend an event at the Yakima Valley SunDome.
What is the food scene like in Terrace Heights?
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The food scene in Terrace Heights is diverse and delicious, with plenty of great restaurants to choose from. Some popular spots include Cowiche Canyon Kitchen & Icehouse Bar, Second Street Grill, and Provisions Restaurant. You can also find amazing Mexican food at El Mirador 2 or try some of the local breweries like 5th Line Brewing Co.
What are the pros and cons of living in Terrace Heights?
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The pros of living in Terrace Heights include its quiet streets, sweeping valley views, and easy access to outdoor recreation. However, some cons include the limited job opportunities and higher cost of living compared to other parts of the state. Additionally, the area can experience extreme weather conditions, including hot summers and cold winters.
Is Terrace Heights a good place to live?
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Overall, Terrace Heights can be a great place to live for those who value a quiet, suburban lifestyle with easy access to outdoor recreation and a growing food and drink scene. While it may not be the best fit for everyone, particularly those looking for a more urban experience, it can be a wonderful community for families, retirees, and individuals who want to escape the hustle and bustle of city life.
⭐ 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 Terrace Heights WA Commercial Property: $56,913
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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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