Maximize Return by Assessing ‘Highest and Best Use’ for San Antonio, TX Commercial Real Estate “The highest and best use” is a real estate appraisal concept designed to show the greatest value of a specific property. As an investor, you will find this concept useful in determining how to maximize your investment return. There are four tests each property must meet when determining the hig...
- The Secret to Choosing the Right Office Space - Location, amenities and size of the space will have a direct impact on the cost of leasing the office itself. Selecting an office space that works for your business can present a unique and challenging task for commercial investors. Whether you’re a doctor opening up a private practice, a lawyer or a telemarketing company, the size...
- Avoid Costly Re-Zoning: Research Zoning Rules First - When purchasing property for a business, the location often trumps all other features. However, new business owners, in particular, may fail to determine if the zoning for the building meets their company’s needs. Re-zoning a property can be a costly and time-consuming process. By doing some initial research, you can confirm – before yo...
- Invest Successfully: Become a ‘Contrarian’ - In 2012, it seemed as though everyone was raking the bottom of their jewelry drawer for gold scraps to sell for a quick buck. But the really smart investors were lining up to buy gold. These investors followed the rule of watching others and doing the opposite; if everyone’s selling, you should be buying. In the case of gold, invest...
- Why Building Owners Need to Stay Ahead of the Curve - Redevelopment of existing office buildings will be necessary to meet the ever-changing demands of the commercial marketplace. There is strong evidence to suggest that approximately 80% of the nation’s commercial building stock will still be standing for the next 10 to 15 years. Using this knowledge, agents can identify building...
Parking Choices Can Make or Break a Business - Everyone has heard the saying that in real estate it’s location, location, location. This may work well for the landlord in the short term, but what about parking for tenants and customers? Property and business owners alike both suffer when parking is inadequate. The following information outlines the risks and benefits of different types of pa...
The Three Phases of Environmental Assessments - When buying commercial property, an environmental site assessment (ESA) is an essential part of the due diligence process. Property owners and buyers should be aware of the three phases involved in a detailed ESA. Phase 1: The purpose of the first phase is to establish the baseline environmental conditions, identify any environmental compliance def...
Don’t Forget Contents in Conducting Due Diligence on Your Next Commercial Real Estate Purchase - You know how important it is to conduct due diligence when you invest in an existing property. Due diligence refers to the analysis the purchaser conducts prior to submitting an offer to purchase. Based on the results of this analysis you may decide to purchase … or not. Of course, the ...
- How to Obtain Traditional Financing for Your Commercial Project - Obtaining financing for a commercial property through financial institutions can be challenging, but they may be able to offer better rates than nontraditional options. Here are three tips to help you Obtain Traditional Financing for Your Commercial Project Find a point person. A one-on-one relationship with a lender can pay o...
- Seller Default: It Happens, So Prepare in Advance if You are a Commercial Real Estate Investor - It doesn't happen that often, but when a seller backs out of a transaction, it can create havoc for the commercial real estate investor. There are remedies for the buyer scorned. Sales contracts Most standard contracts include provisions that clearly spell out what will happen in case either par...