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Once you focus on these criteria, you will have a better understanding of where you want to begin your commercial property search. Propertytaxes in the area. Local amenities. Average prices of comparable commercial rental properties available in the area. Quality of the neighborhood. Quality of the schools.
Expense Projections : Operating costs like propertytaxes, insurance, utilities, maintenance, and management fees are then subtracted to derive Net Operating Income (NOI). For example, propertytaxes might rise after a sale, or insurance premiums could spike in areas prone to natural disasters.
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