Union Gap, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Union Gap, 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 Union Gap WA Properties: 0.9100%
⭐ 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 Union Gap WA
Common questions from investors exploring commercial real estate in Union Gap WA.
What's the overall investment potential of Union Gap, WA, considering its demographics and economy?
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With a median household income of $43,419 and a poverty rate of 20.5%, Union Gap presents a mixed bag for investors, but its diverse population, including 27.2% foreign-born residents and top ethnicities like White and Hispanic, suggests a vibrant market, especially given the strong employment numbers in retail trade and accommodation & food services, which could support rental demand.
How does the city's commute time and health insurance coverage impact the quality of life for residents and potential tenants?
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The 20.4-minute average commute time and 84.2% health insurance coverage rate in Union Gap indicate a relatively high quality of life, which could attract and retain tenants, and with top commute methods including driving alone, carpooling, and working from home, investors can expect a stable and flexible workforce.
What are the implications of Union Gap's income inequality and homeownership rate for real estate investors?
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The GINI coefficient of 0.362 suggests moderate income inequality, but with a homeownership rate of 65.1%, there's still a sizable market for rental properties, particularly given the median property value of $143,400 and median property taxes of $1,367, which could yield attractive returns for investors who target the right demographics.
How might the city's ethnic diversity and top industries influence market demand for real estate investments?
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The diversity of Union Gap, with top ethnicities including White, Hispanic, and White Non-Hispanic, combined with its strong industries in retail trade, accommodation & food services, and public administration, suggests a resilient market with varied demand for different types of properties, from residential to commercial, making it an attractive location for investors looking to diversify their portfolios.
What role do education levels and employment numbers play in assessing the stability of the local real estate market?
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With an employed population of 2,551 and education levels that include a 75.2% high school graduation rate and 14.1% of residents holding a bachelor's degree or higher, Union Gap demonstrates a foundation for economic stability, which, when combined with its relatively low poverty rate and high health insurance coverage, indicates a market with potential for long-term growth and stability for real estate investments.
Union Gap WA Real Estate & City Facts
Key facts and real estate information about Union Gap WA.
What are some of the best neighborhoods to live in Union Gap?
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Unfortunately, I was unable to find specific neighborhood information, but Union Gap has a variety of homes and apartments available for rent or purchase. You can find more information about the area on websites like visituniongap.com or visityakima.com
What are some fun things to do in Union Gap?
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Union Gap has a variety of attractions, including the Central Washington State Fair, the Yakima Valley Museum, and the Cowiche Canyon Trail. You can also visit the nearby city of Yakima for more things to do, such as the Yakima Valley Wine Country or the Yakima River Canyon.
What is the food scene like in Union Gap?
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Union Gap has a variety of restaurants, including Cowiche Canyon Kitchen & Icehouse Bar, WaterFire Restaurant & Bar, Pho King Crab, Texas Roadhouse, and My Ma Dim Sum. There are also plenty of great food trucks and cafes in the area, serving everything from classic American fare to international cuisine. You can find more information about the local food scene on websites like tripadvisor.com or yelp.com
What are the pros and cons of living in Union Gap?
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The pros of living in Union Gap include its small-town charm, outdoor recreational opportunities, and proximity to the city of Yakima. However, some cons include the limited job market and lower median household income compared to other areas in the state. Additionally, the town's remote location may make it difficult to access certain amenities or services.
Is Union Gap a good place to live?
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Whether or not Union Gap is a good place to live depends on your individual preferences and priorities. If you value a small-town atmosphere, outdoor recreation, and a strong sense of community, Union Gap may be a great fit for you. However, if you are looking for a more urban lifestyle or a wider range of job opportunities, you may want to consider other areas. It's always a good idea to visit a place in person and get a feel for the area before making a decision.
⭐ 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 Union Gap WA Commercial Property: $43,419
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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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