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The Hammocks, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in The Hammocks, Florida Market population: 54K. Explore income-producing properties with verified cap rates and...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF

πŸ“Š Avg Property Tax Rate For The Hammocks FL Properties: 4.6000%

πŸ“Š Average Income For The Hammocks FL Commercial Property: $57,837

Investor Questions For The Hammocks FL

Common questions from investors exploring commercial real estate in The Hammocks FL.

What is the overall investment potential of The Hammocks, FL, considering its demographic and economic factors? +
The Hammocks, FL, with a population of 53,541 and a median age of 35.3, presents a stable investment market, given its median household income of $57,837 and a relatively low poverty rate of 11.7%, which is further supported by an employed population of 26,303 and a health insurance coverage rate of 83.8%.
How does the ethnic diversity and industry mix in The Hammocks, FL, impact the demand for real estate investments? +
The ethnic diversity, led by Hispanic (40.7%), White (37.2%), and Two Or More (7.9%) populations, contributes to a vibrant community, while the top industries, including Public Administration, Agriculture, and Professional Services, create a stable employment base, which in turn, drives the demand for housing and supports real estate investment growth.
What are the implications of the commute time and health insurance coverage on the quality of life and investment stability in The Hammocks, FL? +
The average commute time of 36.7 minutes, although somewhat lengthy, is mitigated by the top commute methods of driving alone, working from home, and carpooling, indicating flexibility and infrastructure for residents, while the 83.8% health insurance coverage rate suggests a population with access to healthcare, contributing to overall quality of life and stability for real estate investments.
How do the housing market indicators, such as median property value and homeownership rate, influence the attractiveness of The Hammocks, FL, for real estate investors? +
The median property value of $220,500 and median property taxes of $10,213, combined with a homeownership rate of 61.4%, indicate a balanced housing market that is neither overly inflated nor depressed, making The Hammocks, FL, an attractive location for real estate investors seeking stable returns and potential for appreciation.
What role do income inequality and the foreign-born population play in assessing the investment risk and potential in The Hammocks, FL? +
Although the GINI coefficient of 0.402 suggests some level of income inequality, the absence of data on the foreign-born rate limits a full assessment of its impact, but considering the overall economic stability, diverse industries, and relatively low poverty rate, The Hammocks, FL, appears to offer a manageable investment risk with potential for growth, especially when factoring in the health insurance coverage and commute times that reflect a stable and employed population.

The Hammocks FL Real Estate & City Facts

Key facts and real estate information about The Hammocks FL.

What are the top industries in The Hammocks, FL? +
The top industries in The Hammocks, FL, include Public Administration, Agriculture, Forestry, Fishing & Hunting, & Mining, and Professional, Scientific, & Management, & Administrative & Waste Management Services.
What is the median household income in The Hammocks, FL? +
The median household income in The Hammocks, FL, is $57,837.
What is the average commute time in The Hammocks, FL? +
The average commute time in The Hammocks, FL, is 36.7 minutes.
What is the health insurance coverage rate in The Hammocks, FL? +
The health insurance coverage rate in The Hammocks, FL, is 83.8%.
What is the homeownership rate in The Hammocks, FL? +
The homeownership rate in The Hammocks, FL, is 61.4%.
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