Whippany, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Whippany, New Jersey Market population: 277K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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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 Whippany NJ Properties: 1.9200%
⭐ 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 Whippany NJ
Common questions from investors exploring commercial real estate in Whippany NJ.
What is the overall investment potential of Newark, NJ, considering its demographic and economic factors?
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Newark's 27.1% poverty rate and $33,960 median household income indicate a challenging market, but the 79.2% health insurance coverage and 32.3-minute average commute time suggest a degree of stability and access to employment opportunities, particularly in the Information and Public Administration sectors.
How does the ethnic diversity of Newark impact the local real estate market?
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The city's diverse population, with 33.2% Black, 25.2% Hispanic, and 15.4% White residents, contributes to a vibrant cultural scene, which can attract businesses and residents, potentially driving up demand for housing and commercial properties, especially in areas with strong public transit links.
What are the key factors influencing the quality of life for residents and tenants in Newark?
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The average commute time of 32.3 minutes, combined with the high usage of public transit, indicates a relatively convenient and accessible city, while the 79.2% health insurance coverage suggests a level of employment stability and access to healthcare, making it an attractive location for renters and homeowners alike.
How do the top industries in Newark affect the local real estate market and investment opportunities?
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The presence of major industries like Information, Public Administration, and Finance & Insurance, & Real Estate & Rental & Leasing, drives employment and economic growth, which can lead to increased demand for housing and commercial properties, particularly in areas with easy access to these sectors, such as those with short commute times.
What is the current state of the housing market in Newark, and what opportunities or challenges does it present for investors?
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With a median property value of $243,200 and a homeownership rate of 23.0%, Newark's housing market offers opportunities for investment, particularly in rental properties, considering the relatively low homeownership rate and the city's diverse population, although the 27.1% poverty rate and $21,002 median property taxes may present challenges for some investors.
Whippany NJ Real Estate & City Facts
Key facts and real estate information about Whippany NJ.
What are some of the best neighborhoods to live in Newark?
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Some of the best neighborhoods to live in Newark include Downtown Newark, Ironbound, and North Ward. These neighborhoods are known for being vibrant, family-friendly, and having a strong sense of community. Additionally, they offer easy access to local amenities and attractions.
What are some fun things to do in Newark?
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There are plenty of fun things to do in Newark, including visiting the Newark Museum, exploring the Branch Brook Park, and enjoying the great outdoors at the Newark Riverfront. You can also take a stroll along the Ironbound neighborhood or check out the local shops and restaurants in the area. If you're looking for something more adventurous, you can head to the Prudential Center for a concert or a sports game.
What is the food scene like in Newark?
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The food scene in Newark is diverse and exciting, with a range of restaurants serving everything from Portuguese cuisine in the Ironbound to soul food in the South Ward. You can also find some great eateries in the Downtown area, such as the Newark Restaurant, which serves up delicious American cuisine. There are also plenty of great food trucks and casual dining spots to grab a quick bite or meet with friends.
What are the pros and cons of living in Newark?
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The pros of living in Newark include its vibrant and diverse neighborhoods, easy access to local amenities and attractions, and a strong sense of community. However, some cons to consider are the potential for crime and safety issues in certain areas, particularly at night, and the limited parking options in some neighborhoods. Additionally, some residents may find the area to be a bit urban and lacking in green spaces.
Is Newark a good place to live?
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Overall, Newark is a great place to live for those who value a vibrant and diverse community with easy access to local amenities and attractions. While it may not be the best fit for everyone, particularly those looking for a more suburban or quiet atmosphere, it offers a unique blend of urban charm and convenience that makes it an attractive option for many residents. With its rich history, beautiful parks, and thriving food scene, Newark is definitely worth considering for anyone looking to put down roots in the area.
⭐ 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 Whippany NJ Commercial Property: $33,960
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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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