HELLO EVERYONE , I OWN A COMMERICAL PROPERTY AND I WOULD LIKE TO KNOW IF IT IS NECESSARY FOR ME TO KEEP OLD LEASES ONCE THEY EXPIRE OR CAN I JUST TRHOW THEM AWAY?

Most of the online commerical listings are ones the broker couldn't find a buyer for on their own, or via agents in their office, so they list in the hope someone buys.With commerical propertes you have three choices:1) Network with brokers to get on their lists, so they call you when they have something.2) Go direct to owners and compete with brokers.

Adjust for any old/new contracts you're removing or addingG&A (Advertising, Office, Software, Etc: T12 adjusted for any old/new contracts you're removing or addingReserves: $250-$350/unit multifamily; $0.15/sqft commercial; $1.00/sqft commerical TI'sTotal Expenses: Sum of all above expensesNET OPERATING INCOME = Project EGI - Total ExpensesProceed to look at multifamily / mixed use sale comps and make judgement call based on (i) going in / exit cap rate assumptions, (ii) $/unit, (iii) $/sqft, (iv) etc.

Agreed POF is for your commerical / community banker..

Hi,We recently bought a commerical land (which is part of big commerical land) and plan to construct multi retail space in it.

3% on a commerical new build seems fair, they aren't easy loans to get done.I wouldn't be paying anyone anything upfront however.

Marc BodingerThere is no set percentage off for either functional or external obselesence, it really depends on the servity of the situation.Personally I don't like:Houses on streets with double yellow linesNext to commerical useNo off street parkingEither too few square feet, like less than 1,200Or to many square feet like 3,000+ for a rentalGoofy designsFlood zone, been there done that, last year had my office flooded with 4 feet of water and a residential property flooded with 13 feet of water at the same time when we got 2 hurricanes in a week.Low ceiling heights, looked at house with 6 ft ceilings and another with 4 ft basement ceilings, thanks but I'll pass.Roof line below street level, friend bought house like this people would drive by on the street and not see the house, which was below the street level.Too many bedrooms, recently looked at 6 bedroom house and once looked at a 12 bedroom ex-convent.

You might consider an assistant to a Commerical RE Agent (CCIM) /  Realtor who does MF (MultiFamily).

There are similar ones for San Fran that are even worse: ;t= California is just trailing the mid west /  rust belt/ Deep South that has already been through this the amount of vacant commerical in the mid west is just as staggering as what is happening now in CA.. and it was for the same reasons..

Commerical real estate is definitely intriguing and where I have my goals set.