How to identify commerical property with room to improve?

[Patrick Philip]

I can easily search LoopNet and search for commercial properties with high listed cap rates. But what about finding properties that have room to improve?

What identifying characteristics should I be looking for?

[Mason Clark]

@Patrick Philip not sure why people can’t give you some info. You basically just need to research your areas. Look for high traffic counts, low occupancy and ways to improve the property and make more appealing. Buy a 9 cap 60% occupied and fill it to make it a 12 cap. That’s the value. Or look for opportunities that would appeal to national tenants and build to suit. Each national tenant will look for different things so make connections with the decision makers and be on the lookout for what they want. We find owners that have low occupancy and aren’t willing to do improvements. We add value by offering improvements and making the space better and more appealing. Hope this helps a little