Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago, 03/16/2022

User Stats

82
Posts
61
Votes
AP Horvath
  • Developer
  • Austin, TX
61
Votes |
82
Posts

Fee Simple or Condo for Lot Subdivision?

AP Horvath
  • Developer
  • Austin, TX
Posted

Question for any of your who have subdivided, developed and sold lots --- 

We are looking to rezone and subdivide a 10 acre property into multiple commercial lots. We will be adding a throat road into a cul de sac, addressing drainage, and stubbing out utilties to each lot. 

We could sell them as fee simple lots, however, this would incur greater infrastructure costs (public road size requirements vs private road) than if we created a condo scheme -- wherein we would sell units (equivalent to a lot). Obviously, the condo association would have to collect monies for ongoing maintannce of the road and drainage.

On the sales and marketing side, do fee simple lots enjoy a premium to condo "lots"? Or asked otherwise, do condo "lots" suffer a discount to the same size fee simple? 




  

Loading replies...