University Heights, IA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in University Heights, Iowa Market population: 13K. Compare commercial properties across all major asset classes...
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11 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 University Heights OH Properties: 2.0500%
⭐ 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 University Heights OH
Common questions from investors exploring commercial real estate in University Heights OH.
What's the overall investment potential of University Heights, OH?
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The city's median household income of $67,826, combined with a relatively low poverty rate of 12.1% and high health insurance coverage of 96.6%, suggests a stable market with reliable tenants. Additionally, the top industries, including Wholesale Trade and Professional Services, indicate a diverse economy, while the 22.2-minute average commute time and high rate of car ownership show convenient transportation options.
How does the local economy impact real estate investment in University Heights?
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The employed population of 6,635 and median household income of $67,826 contribute to a strong local economy, which is further supported by the top industries, including Wholesale Trade and Public Administration. The GINI coefficient of 0.436 also indicates a relatively equal income distribution, and with a foreign-born rate of 14.5%, the city's ethnic diversity can attract a wide range of businesses and residents.
What are the key factors to consider when evaluating rental yields in University Heights?
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The median property value of $159,100 and median property taxes of $3,260 are essential considerations for rental yields, along with the homeownership rate of 65.3%, which leaves room for a sizable rental market. The average commute time of 22.2 minutes and top commute methods, such as driving alone or carpooling, also impact the desirability and potential rental income of properties.
How does the quality of life in University Heights affect its attractiveness to investors?
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The city's high health insurance coverage rate of 96.6%, low poverty rate of 12.1%, and relatively short average commute time of 22.2 minutes all contribute to a high quality of life, making it an attractive location for residents and, by extension, investors. The top ethnicities, including White and Black populations, also add to the city's diversity and appeal.
What role do demographics play in assessing market demand and stability in University Heights?
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The median age of 30.4, combined with a diverse population, including White, White Non-Hispanic, and Black ethnicities, suggests a vibrant and dynamic community. The foreign-born rate of 14.5% and employed population of 6,635 further indicate a strong and stable market, with the top industries, such as Wholesale Trade and Professional Services, driving demand for housing and commercial properties.
University Heights OH Real Estate & City Facts
Key facts and real estate information about University Heights OH.
What are some of the best neighborhoods to live in University Heights?
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Some of the best neighborhoods to live in University Heights include the east parts of the city, which tend to be more desired, and the northeast regions, which offer more affordable homes. Specific neighborhoods like University Circle, Downtown Cleveland, Tremont, Larchmont Estates, and Robert Homes are also popular. Additionally, areas like Walter Stinson Community Park and the streets surrounding John Carroll University are known for their beautiful, quiet atmosphere and friendly neighbors.
What are some fun things to do in University Heights?
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University Heights offers a variety of fun activities, including visiting Walter Stinson Community Park, which features walking trails, playgrounds, sports fields, and picnic areas. You can also explore the local restaurants and cafes, such as Gigi's On Fairmount, Crowley's, and Geraci's Restaurant. For more entertainment, check out the attractions near John Carroll University, like the Blissful Foot Spa, Barnone Wine beer Spirits, and Kol Halev. Furthermore, the city has a range of community events and festivals throughout the year.
What is the food scene like in University Heights?
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The food scene in University Heights is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular spots include Geraci's Restaurant, Pizzazz on the Circle, and Chicken Ranch. You can also find great food at Gigi's On Fairmount, Crowley's, and Arova Shawarma & Falafel. Additionally, there are plenty of options for food delivery and pickup from places like Uber Eats and local eateries. There are also plenty of great food trucks and cafes in the area, making it easy to find something to suit your taste.
What are the pros and cons of living in University Heights?
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The pros of living in University Heights include its beautiful, quiet neighborhoods, tree-lined streets, and friendly neighbors. The city also has a range of community events and festivals, and its proximity to Cleveland and other surrounding cities makes it an attractive option for commuters. However, some cons include the relatively high cost of living, with median house prices around $194,173, and the need for a car to get around, as public transportation options are limited. Additionally, some areas of the city may have higher crime rates, so it's essential to research and visit different neighborhoods before making a decision.
Is University Heights a good place to live?
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University Heights can be a great place to live, depending on your individual preferences and priorities. The city offers a unique blend of small-town charm and big-city amenities, with its beautiful neighborhoods, community events, and range of restaurants and shops. While it may have some drawbacks, such as higher costs and limited public transportation, the city's friendly atmosphere, good schools, and relatively low crime rate make it an attractive option for families, young professionals, and retirees alike. Ultimately, whether University Heights is a good place to live depends on your personal lifestyle and what you're looking for in a community.
⭐ 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 University Heights OH Commercial Property: $67,826
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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 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
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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
⭐ Featured
Prime 15-Unit Multifamily Investment in Heart of San Francisco
$4,895,000
San Francisco
Multifamily
Cap Rate
%
NOI
$0
Size
8,225 SF
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
⭐ Featured
Prime Arcata Multifamily Value-Add: 126-Unit Garden Apartment with 8.67% Cap Rate
$12,750,000
Arcata
Multifamily
Cap Rate
8.67%
NOI
$99,999
Size
87,484 SF
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