All Forum Posts by: Bryan Johns

Congrats on your success! Any mix-used properties in your portfolio? If so, can you describe your experience with them? If not, why not?

Hello everyone. 

I'm purchasing (first time CRE) some property in Texas that has been rezoned from residential to commercial. It still has an older home and very large storage shed / hanger in the back. My initial plan was to demo both structures ASAP, but now wondering if keeping the structures for a bit has "value" from a depreciation / tax perspective? I will eventually need to demo them to prepare for a new office/mixed-use development, but perhaps I wait until 2026? Current assessed/taxable value of property for 2025 is around $550,000 total ($400k land + $150k improvements).

Thank you for your replies. Yes, zoning does allow for retail, but I'd prefer to do professional/medical tenants in this space. I've been told that retail on the first floor is more complimentary to rental units above, but again, I don't think that is a major issue here.

Regarding what you are seeing, I would love to share some of the specific examples you mention that are popping up in your areas. Can you let me know, either here or direct message, some of these examples?

There are not a lot of these in my suburban area (maybe because land is relatively cheaper compared to downtown urban areas). In any case, I do think there is a need, and I do think that I can mitigate some of the realtor concerns about professional tenants vs. multi-family 2nd floor and above.

In a recent discussion with a realtor (who's been doing this a lot longer than me), I mentioned that I'd like to develop a ~20,000 sqft two story building. Per zoning, the first floor could be professional office/medical space and the second floor and above would be multi-family. (There is a need for both in this area.)

He immediately pushed back, saying that the first floor professional tenants wouldn't want this right above them for various reasons (sharing parking with renters, being underneath windows where renters have hung their plants, decorations, etc.) 

Does anyone have experience in this space? Is it a bad idea? How do you effectively design a building like this that attracts both professional tenants and renters?

Hi everyone. I own land that I am planning to replat into two pieces. Afterward, I intend to sell one piece (call it Parcel A) which has high visibility on a busy road surrounded by other growing retail and residential. On Parcel B, I plan to develop the lot in the next few years with ~15k sqft for professional/office space. I’ll also use Parcel B to take care of stormwater detention requirements for the entire property (A & B).

My question: given that I want to sell off Parcel A as soon as possible, and that I don’t intend to begin ground-up construction on Parcel B for a year or more, what steps/approach will make Parcel A most attractive to investors/developers in the near-term?

I already plan to clear the land and demo some older structures this year. By addressing detention requirements, I know that will also be a selling point for Parcel A. Beyond that, what should I consider doing?