All Forum Posts by: Account Closed

I have worked with Excel and Argus extensively for valuations of commercial properties.

I now use ModernValue software. It is powerful like Argus DCF software and overall much better and not costly.

First, hire a commercial appraiser - a good one. Then make sure you agree with the market comps, rents, expenses, vacancy, etc. - read the appraisal. Then set your price. You don't want to be over or underpriced.

This may help you initially - calculating a cap rate. Free software at
www.caprates.net/

Wow. Andrew was really helpful! If your buyer will ONLY look at off-market deals you bring them, then they are not good enough to risk your time on because of the amount of work to find those - coupled with the likeliness of closing the deal after due diligence is done. Truth is they will look at anything thats good. You just have to show how you can screen deals well. I can help more if you need it.

I think the previous writer was overgeneralizing a bit. You can't just say 1 mile is far for a comp. It may be. It may not be. Depends on the area. But since you are downtown next to other office buildings, he is probably right in this case. And as for new tenants - you should count that fully as income if the building should stabilize at that income level. Every property is different. Study the property and the market and ask an appraiser for data and help. This might help too - free cap rate calculator.
at www.caprates.net

First you need to figure out what its worth. For commercial properties try Modernvalue software for this, and consult with a local commercial r.e. appraiser - they are more helpful and credible than you would think, and can help with tons of data like market rent etc. for a low price.

I have heard they buy long-term real estate investments including land bank type properties -

because they have long outlooks. I am looking to sell very good investment land for $10m located in Idaho.

If you want to really learn developing become a commercial appraiser. Then you will have knowledge and with this much confidence. Talk to a commercial appraiser - they are usually happy to talk about their career objectively.

Has anyone tried to market direct to Pension Plans or Endowments?

I have heard they buy long-term real estate investments including land bank type properties - because they have long outlooks. I am looking to market very good investment land for $10m.

I am looking for someone to team up with my nationwide commercial brokerage and consulting services. I have specialized skills - valuation, modeling, brochure formats, Excel/Argus, negotiation, nationwide marketing, etc. I am a former appraiser and multi-million dollar buyer for a large company. I can sell well, but it is difficult to initially connect with property owners/sellers. If you are an agent or have connections with owners, then we may be a great team.

I would like to meet this whiz kid – I do the same type of work. I work with Excel and Argus extensively. I am a former appraiser and mm buyer for a large company. I have developed excellent formats for presenting and analyzing investment real estate. I use Argus on complex properties, then export the output to my Excel worksheets. These formats are the result of many years of building and refining.

I am now working independently - marketing and valuation analysis. I like to team up with investors or sellers needing help. I am very responsive and reasonable. My analysis can be as detailed and crystal clear as you wish.