This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For investors, business owners, lenders, and anyone involved in commercial real estate, understanding the intricacies of these valuations is absolutely paramount. Types of Commercial Properties: A Diverse Landscape Commercial real estate encompasses a wide array of property types, each with its unique characteristics and valuation challenges.
In the world of single-tenant commercial real estate one property type sub-group has stood out: Dollar Stores. Over the past few years, Simonson Appraisals has provided valuations for many dollar store properties across Minnesota and North Dakota — primarily Dollar General. Dollar General Tenant Overview.
Minnesota enacted an eviction moratorium, restricting landlords from evicting delinquent tenants. This information is from exit interviews of all tenants that vacated their properties during that seven-month time. In addition to vacancy, they stated new tenant inquiries have significantly slowed.
The Role of Legal Complications in PropertyValuation The foreclosure process can impact property values, and appraisers must understand local laws and potential legal issues. Delinquent propertytaxes in foreclosed properties can lead to additional financial burdens for buyers.
The appraisal process involves various valuation methods such as the sales comparison approach, income approach, and cost approach. Before an appraisal, it’s important to gather essential documents such as propertytaxes and operating expenses. Property age, upgrades, and market demand also play significant roles.
So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser.
Property owners benefit from increases in the asset’s value over time and from the tax benefits of depreciation. In addition, they may benefit from leasing excess space to other tenants, favorable loan interest rates, and the comfort in knowing that their rent isn’t subject to the whims of a landlord.
Purpose: While residential real estate is designed primarily for housing, CRE is about tenant businesses or organizations that pay rent (or other fees) to operate in the space. Steady Cash Flow : Long-term leases and multiple tenants can provide predictable income streams. Here are some compelling reasons why CRE stands out.
There are those moments where it turns into a memorable experience and homeowners or tenants feel like they must make it known we are not welcome. 1000 this year on multi-family properties, where tenants have felt it was necessary for me to get the message, by brandishing a firearm. I personally am batting.1000
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content