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Commercial Property

Commercial property refers to either land or buildings for profit-generation purposes from rental income or capital gains. Commercial properties include among others office buildings, retail stores, hotels, shopping centers, industrial properties and warehouses.

497 Questions

What is the average cost of warehouse space per square foot in Kansas?

As of my last update, the average cost of warehouse space in Kansas typically ranges from $5 to $10 per square foot, depending on location and specific market conditions. Factors like the size, amenities, and proximity to major transportation routes can also influence pricing. For the most accurate and current rates, it's advisable to consult local real estate listings or industry reports.

How much is one acre in Minnesota?

One acre is a unit of area that is equal to 43,560 square feet. In Minnesota, as in other states, one acre remains the same size. It is commonly used in real estate and land measurement.

If you own property that is worth 200000 but you owe the bank 13000 how much equity do you have in the property?

To calculate your equity in the property, subtract the amount you owe the bank from the property's value. In this case, you would take $200,000 (property value) minus $13,000 (amount owed) which equals $187,000. Therefore, you have $187,000 in equity in the property.

What is the average cost per square foot for commercial property in Columbus Nebraska?

As of my last update, the average cost per square foot for commercial property in Columbus, Nebraska, typically ranges from $100 to $150, depending on the property type and location within the city. Factors such as market demand, property condition, and specific zoning requirements can influence these prices. For the most accurate and current data, it's advisable to consult a local real estate agent or market report.

What is the average construction cost per square foot in Gainesville Florida for commercial property?

As of my last update, the average construction cost per square foot for commercial property in Gainesville, Florida, typically ranges from $150 to $300, depending on the type of building and its specifications. Factors such as design complexity, materials used, and location can significantly influence these costs. For the most accurate and current figures, it's advisable to consult local contractors or industry reports.

What is State Equalized Value?

State Equalized Value (SEV) is a property valuation metric used in the United States, particularly in Michigan, to assess the value of real estate for taxation purposes. It represents half of the market value of a property, aiming to ensure equitable taxation among property owners. The SEV is determined by local assessors, who evaluate property values based on sales data and other factors, and is subject to oversight to maintain uniformity across jurisdictions. This value plays a key role in calculating property taxes and is often used in the assessment appeals process.

What is a buyers inspection advisory?

A buyer's inspection advisory is a document used in real estate transactions that informs buyers about the importance of conducting a professional inspection of the property they intend to purchase. It typically outlines potential issues to look for, such as structural integrity, plumbing, and electrical systems, and encourages buyers to understand their rights and options regarding inspections. This advisory serves to protect buyers by ensuring they are aware of the property's condition before finalizing the purchase. It may also help facilitate discussions about repairs or price adjustments based on inspection findings.

What is the average cost of warehouse space per square foot cost in Orange County New York?

As of my last knowledge update in October 2023, the average cost of warehouse space in Orange County, New York, typically ranges from $8 to $12 per square foot, depending on factors such as location, amenities, and overall market conditions. Prices may vary based on the specific area within the county and the type of lease agreement. For the most accurate and current rates, it's advisable to consult local real estate listings or industry reports.

What does the property zoning definition of RSM9?

RSM9 is a zoning designation typically found in municipal planning that indicates "Residential Small Lot" zoning, which allows for the development of smaller residential lots. This zoning category generally aims to promote higher density housing while maintaining a residential character, enabling a mix of single-family homes, townhouses, or small multi-family units. The specific regulations, such as minimum lot sizes and building heights, can vary by municipality, so it's essential to consult local zoning codes for detailed requirements.

What is the average cost of warehouse space per square foot in Montgomery County Pa?

As of my last knowledge update in October 2023, the average cost of warehouse space in Montgomery County, PA, typically ranges from $7 to $12 per square foot, depending on factors such as location, building condition, and amenities. However, market conditions can fluctuate, so it's advisable to check current listings or consult a local real estate agent for the most accurate and up-to-date information.

Is Oregon a real estate deficiency judgment state?

Yes, Oregon is a deficiency judgment state. This means that if a property is sold in a foreclosure and the sale price is less than the outstanding mortgage balance, the lender can seek a deficiency judgment against the borrower for the remaining amount. However, in Oregon, the borrower must be notified of the lender's intent to pursue a deficiency judgment, and there are specific rules governing the process.

What is the avg cost per square foot of warehouse space in Sioux Falls sd?

As of my last knowledge update in October 2023, the average cost per square foot of warehouse space in Sioux Falls, SD, typically ranges from $6 to $10, depending on factors such as location, amenities, and market demand. However, prices can fluctuate, so it's advisable to consult local real estate listings or market reports for the most current figures.

Best place to start a new construction or demolition business?

The best place to start a new construction or demolition business often depends on local demand, regulations, and competition. Urban areas with ongoing development projects typically offer more opportunities due to higher construction activity. Additionally, regions experiencing population growth or infrastructure improvements can be advantageous. It's essential to conduct market research and consider factors like licensing requirements and zoning laws before establishing your business.

What is the average cost of an acre of land in Phoenix Arizona?

As of 2023, the average cost of an acre of land in Phoenix, Arizona, varies significantly depending on the location and zoning of the land. Generally, prices can range from around $100,000 to over $500,000 per acre, with urban areas typically being more expensive than rural ones. Factors such as proximity to amenities and future development potential also influence land prices. For the most accurate and current pricing, it's advisable to consult local real estate listings or professionals.

Can a residential appraiser also appraise small commercial properties If so up to what maximum value of property?

Yes, a residential appraiser can appraise small commercial properties, but this is typically limited by the appraiser's qualifications and state regulations. The maximum value for appraisal often varies by jurisdiction and the appraiser's level of licensing or certification. Generally, small commercial properties can be appraised by residential appraisers if the property's value falls within the limits established by local laws or if the appraiser has adequate experience and knowledge of commercial appraisal practices. It's important for appraisers to adhere to the relevant standards and guidelines.

Average cost per square foot for retail space in Massachusetts?

As of 2023, the average cost per square foot for retail space in Massachusetts varies significantly depending on the location, with urban areas like Boston commanding higher prices, often exceeding $30 per square foot annually. In suburban regions, rates can range from $15 to $25 per square foot. Factors such as neighborhood demand, property condition, and local economic conditions also play a crucial role in determining rental prices. For the most accurate and current figures, it's advisable to consult local real estate listings or market reports.

If a proerty has a flying freehold attached to it what does that mean to the puchacer of the property?

A flying freehold refers to a portion of a property that extends over or under another property, lacking direct ground support. For a purchaser, this can introduce complexities, as it may affect financing, insurance, and future resale opportunities. Additionally, the buyer may need to navigate rights and responsibilities concerning the neighboring property. It's essential for potential buyers to understand these implications and possibly seek legal advice before proceeding.

How will you identify distribution partners?

To identify distribution partners, I will first conduct market research to pinpoint potential partners that align with our target audience and product offerings. This includes analyzing industry trends, competitor distribution channels, and potential synergies. Networking at industry events and leveraging professional platforms like LinkedIn can also help in discovering suitable partners. Finally, assessing partners based on their market reach, reputation, and logistics capabilities will ensure a mutually beneficial collaboration.

How much acreage do you need to have your own zip code?

To qualify for a unique ZIP code, an area typically needs to have at least 1,000 people or a significant number of businesses, which often translates to several hundred acres, depending on the population density. However, no specific acreage requirement exists; rather, the designation is based on population and mail delivery needs. Smaller communities or developments can sometimes receive their own ZIP code if they meet these criteria. Ultimately, the determination is made by the United States Postal Service.

What is the average rental rate for warehouse space per square foot in Michigan?

As of late 2023, the average rental rate for warehouse space in Michigan typically ranges from $6 to $10 per square foot, depending on the location and specific features of the property. Areas with higher demand, such as near Detroit or major transportation hubs, may command rates at the upper end of this spectrum. Additionally, factors like lease terms, building quality, and amenities can influence pricing. For the most accurate and current rates, it's advisable to consult local real estate listings or market reports.

How do you get certified to be a review appraiser?

To become a certified review appraiser, you typically need to complete specific education requirements, which often include courses in appraisal principles, practices, and ethics, as well as specialized training in review appraisals. After completing the necessary coursework, you must obtain a certain number of hours of practical experience in the field. Finally, you need to pass a certification exam administered by a recognized appraisal organization or state authority. Always check local regulations, as requirements can vary by state or region.

What is the average cost per square foot for a commercial building in the Denton Texas area?

As of my last update, the average cost per square foot for a commercial building in the Denton, Texas area typically ranges from $100 to $200, depending on factors like location, building type, and market conditions. However, prices can fluctuate based on demand, economic conditions, and specific property attributes. For the most accurate and current information, it's advisable to consult local real estate listings or a commercial real estate agent in the area.

What is the average cost per square foot for a warehouse in the US?

As of 2023, the average cost per square foot for a warehouse in the U.S. typically ranges from $7 to $12, depending on location, design, and specific features. In high-demand areas, such as major metropolitan regions, prices can exceed this range significantly. Additionally, factors like market conditions, size, and lease terms can influence the overall cost. For the most accurate and current figures, it's advisable to consult local real estate resources or market reports.

Commercial real estate price per square foot Monrovia California?

As of my last update, commercial real estate prices in Monrovia, California, typically range from $200 to $400 per square foot, depending on the property's location, type, and condition. Prices can vary significantly based on factors like proximity to major highways, local amenities, and market demand. For the most accurate and current pricing, it's recommended to consult local real estate listings or contact a commercial real estate agent in the area.

What are average triple net costs per square foot for commercial office space?

Average triple net (NNN) costs for commercial office space typically range from $5 to $15 per square foot annually, depending on location, property type, and local market conditions. These costs cover property taxes, insurance, and maintenance expenses. In prime urban areas, NNN costs can be higher, while suburban or less desirable locations may see lower figures. It's essential for tenants to evaluate these costs alongside base rent when assessing overall occupancy expenses.