All Forum Posts by: Ronald Rohde

I don't care much about neighborhood. Its about 8 or 9 on a list of 12 factors.

I care about zoning, current lease rates, market rates, debt cost, condition/age of building.

Do you have common ownership? LLCs that roll up?

 Is this for residential? What are the terms?

yes, its an important piece of negotiation, if Tenant pays, you run risk of not recovering money, LL can pay since he owns the building, but may need to amortize cost over life of lease.

If you can estimate your revenue, figure an annual profit that makese sense. Also be aware of market rent for other types of tenants, you are competing with them

Yes, leases are common. Are you referring to a type of master lease, the sub leasing to actual consumers?

what are you trying to achieve with #2? Pricing guidance?

 Gotcha, if you know the market that's great. Flex office can be much more valuable, but you just need to check your permitted uses and go from there. I suspect the school may limit even C1 normal uses without a SUP or CUP

 Are you looking for an appraisal or  broker opinion of value? Two different things.

If BOV, can be free or sub $1k, if appraisal can be $2-5k depending on the size of the asset.

What is range of value? Type of lease? Do you have the age and model of all equipment, roof, plumbing, etc?

 Tough zoning

I just want to know market rent!

You bought a vacant commercial building without a plan? Typically you would have an idea of specific tenant uses prior to closing. At minimum, you should advertise as-is while you are creating your space plans.

Demo and whitebox it, maybe build office portion. Do you have grade level rear load? Roll up doors for flex office?