Nkemdirim

Nkemdirim replied to the topic What do you look for in a commercial property investment? in the forum The fundamentals of looking 13 years, 3 months ago
The fundamentals of looking at property are the same regardless of zoning. You essentially need to
1. work out your comfort price and the return that you want.
2. decide which location.
3. decide type of property i.e retail, commercial, industrial etc.
4. understand past and potential vacancy rates.
5. make a decision on the type of…[Read more]
Nkemdirim replied to the topic How to put a value on a piece of land? in the forum General Property 13 years, 3 months ago
Tax Records and having it appraised are very good ways of coming up with a “estimated value”. The size and location of the property have a lot to do with its value, zoning, and most importantly recent sales activity in the 08005 area will have a great deal to do with the market value.
Remember that the “actual market Value” based on recent sales…[Read more]

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