Land & New Construction
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated 2 months ago on . Most recent reply

Looking for insight on building new"Small Industrial Units" 2500 square feet or less.
Hi all,
I am running through proposed ideas for my first real estate deal. I currently live in Southern Maine and am looking to construct some kind of new project rather getting into rehabbing existing residential
Proposed Land Budget 100-200k
Construction Budget: 400k
All in 500-600k.
I have found that if I do the site work myself including clearing, septic and digging the foundation is that i can sub contract out either steel or a Lester style building (50x150) for around 300k installed with insulation and power , divided into three 2500 square foot units. These would be bare rental units where tenant builds to suit or we could with appropriate rent charge.
I have received recent quotes for LESTER building around 125k for a 40x80 so I'm doubling that , concrete not included.
I feel like i can't loose with this strategy even charging $2 a square triple net for these units ? Is anyone else developing in this space?
My numbers might be off a little bit but please consider I am doing the site work. Looking for feedback on this. I feel like I might even come out ahead on the appraisal after the build is complete and walk away with my initial investment ?
Most Popular Reply

- Investor
- Fairfax, VA
- 733
- Votes |
- 1,089
- Posts
two things I have learned. 1,200 is a sweet spot for demand, and if you do have a large unit of 2,500 get a couple of them zoned for auto. Big demand for auto repair or auto accessories.