How to Sell Commercial Property Online
What is commercial real estate?
The simplest way to define commercial real estate is a property that has the potential to generate profit through capital gain or rental income. Commercial property can be anything from an office building to a residential duplex, or even a restaurant or warehouse. If you can make money from leasing it out or holding it and reselling it, it’s a commercial property.
What are the different types of commercial real estate?
1. Offices
Office buildings are generally categorized into two types: urban or suburban. Urban office buildings are found in cities and include skyscrapers and high-rise properties — some may even total as much as a few million square feet in size. Suburban office buildings are usually smaller in stature and sometimes grouped in office parks.
Office buildings can be multi-tenanted or single-tenanted, and many are build-to-suit. They’re also ranked in three tiers: Class A, Class B, and Class C.
Class A Office
Most prestigious buildings competing for premier office users with rents above average for the area. Buildings have high-quality standard finishes, state-of-the-art systems, exceptional accessibility and a definite market presence.
Class B Office
Buildings competing for a wide range of users with rents in the average range for the area. Building finishes are fair to good for the area. Building finishes are fair to good for the area and systems are adequate, but the building does not compete with Class A at the same price.
Class C Office
Buildings competing for tenants requiring functional space at rents below the average for the area. Medical office buildings are a specialty sub-sector in this space.
2. Retail
Retail comprises the properties that house the retailers and restaurants we frequent. They can be multi-tenant (often with an anchor, or lead tenant, that serves to drive traffic to the property) or single-use, standalone buildings.
The retail sector is complicated, as the type of shopping center is dictated by many metrics, including the size, concept, types, and number of tenants, and trade area.
Single-tenant buildings include big-box centers (usually with a national chain like Target, Walmart, Best Buy, or Dick’s Sporting Goods) or pad sites (single-tenant buildings within a shopping center, often a bank, restaurant, or drug store).
3. Industrial
Industrial buildings house industrial operations for a variety of tenants and are mostly located outside of urban areas, especially along major transportation routes. The low-rise buildings can also be grouped into industrial parks. The properties are categorized into four types:
Heavy manufacturing: These buildings are heavily customized and house machinery manufacturers need to operate and produce goods and services.
Light assembly: These aren’t as customized and may be used for product assembly or storage.
Bulk warehouse: These properties are usually large and are used as distribution centers.
Flex industrial: These properties contain a mix of both industrial and office space.
4. Multifamily
The multifamily sector covers all types of residential real estate outside of single-family, including apartments, condos, co-ops, and townhomes. Like office buildings, multifamily properties are often classified into Class A, Class B, and Class C.
Apartment rental buildings, in particular, are split into multiple property types:
High-rise: A building with nine or more floors and at least one elevator.
Mid-rise: A multistory building with an elevator, typically in an urban area.
Garden-style: A one-, two-, or three-story apartment development built in a garden-like setting in a suburban, rural, or urban location; buildings may or may not have elevators
Walk-up: A four- to six-story building without an elevator.
Manufactured housing community: A community in which the operator leases ground sites to owners of manufactured homes.
Special-purpose housing: A multifamily property of any style that targets a particular population segment, including student housing, seniors housing, and subsidized (either low income or special need) housing.
5. Hotels
The hotel sector covers establishments providing accommodations, meals, and other services for travelers and tourists. The hotels may be independent (boutique) or flagged—the latter means it’s part of a major hotel chain, such as a Marriott or Sheraton. There are common types such as:
Limited-service: Does not have room service, on-site restaurant, or concierge.
Full-service: Includes room service and has on-site restaurant.
Boutique: Located in an urban or resort location, has full-service amenities, is not part of a national chain, and has fewer rooms.
Casino: Has a gaming component, such as video poker or slot machines.
Extended-stay: Limited-service with fully equipped kitchens in guest rooms and larger rooms for long stays.
Resort: Full-service, large amount of land, in a typical resort location (such as Miami or Alaska), and has an attached golf course, water park, or amusement facility.
6. Special Purpose
Special purpose real estate may be owned by commercial real estate investors, but doesn’t fall into any of the sectors mentioned above. For instance, amusement parks, churches, self-storage, and bowling alleys are special-purpose facilities.
How to Sell Commercial Real Estate Online Fast
There are many situations where you may need to sell commercial property quickly. People are sometimes forced to sell commercial real estate fast for a multitude of reasons. We are real estate developers and we buy commercial real estate nationwide. Whether it is a house, land property, commercial property, industrial, or agricultural, we will make a fair cash offer.
We provide an easy process on how we buy commercial properties & we buy commercial real estate nationwide USA. Here are some common situations of properties we purchase:
Condemned House If you have a house that needs major repair. We buy houses as is.
Behind on Payments If you are behind on one or more of your mortgage payments, leaving the balance you owe bigger each month.
Facing Foreclosure Foreclosure proceedings have begun and you need to sell your house quickly.
Relocation Moving out of state or out of the country unexpectedly.
Retiring Maybe looking to liquidate property for cash to use during retirement.
Tax Liens A lien in which the government may seize property if you owe delinquent property taxes and the tax payer fails to pay the owed back taxes.
Probate A home which is part of an estate where someone has passed away and left a property behind.
Vacant House A property empty without residents or living purposes.
Divorce Dissolution of a marriage where both parties may agree to sell the home to settle or it may be awarded to one party.
Expired Listing Property sat on the market for months without a buyer.
Inheritance Receiving property upon the death of someone else, which may include land property, houses or money.
Denied Loan Modification Denial of a modification of your loan terms that would have allowed adhering to new loan terms outside of the original contract.
Can’t Afford Repairs House needs extensive repair and you can no longer afford to keep up the maintenance for the home.
Bad Tenants Someone who does not respect your home or property, follow lease guidelines or pay their rent in a timely manner.
Bad Realtor A bad realtor may only being trying to make a sale and not providing you with the service you need in your situation.
Bad Neighborhood A neighborhood in which you feel uncomfortable for reasons such as high crime rate, poor school and distasteful landscape or upkeep.
Bankruptcy Legal status of a person or entity that can not pay fully or in any amount the debts they owe.
Job Loss Lost current employment and can no longer afford the home you are residing in.
You are able to get a cash offer on commercial real estate in as little as 24 hours.