Updated about 3 years ago on . Most recent reply
Office/Medical Space Profit Analysis Help
Hello BP family!
I am thinking about getting into Commercial Real Estate in Texas. This is completely new for me. I am looking at an office/medical space that according to the agent could rent from $20.00/SF gross to $23.50/SF gross. So I am looking at $20k monthly revenue?! Hard to believe. I feel like I am missing something here. Maybe taxes are huge? Or maybe the loan payment each month is large. I know that commercial real estate loans work differently. It could be amortized over 30 years but then a balloon payment is required. Is commercial real estate harder to rent out?
Thank you in advance!