Your Trusted Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides itās time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerās best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyās current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itās through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
Reviews
šØ 5 Red Flags in Commercial Property Listings Every Investor Should Know šØ
ā ļø Avoid These 5 Mistakes When Reviewing CRE Listings! ā ļø
Investing in commercial real estate can be a game-changerābut only if you know what to look for. Whether you're a seasoned investor or a first-time buyer, reading between the lines of a commercial property listing is critical to avoiding costly surprises.
Here are 5 red flags that should give you pauseāand what to do about them.
If a listing doesnāt provide actual income and expense data, proceed with caution. A āpro formaā projection isnāt enough. You need real numbersārent rolls, operating expenses, and historical NOI (Net Operating Income)āto analyze risk and performance.
š Pro Tip: Always request trailing 12-month financials and verify them against bank deposits or tax returns when possible.
While common, an excessive use of disclaimers like ābuyer to verify zoning/use/utilitiesā can indicate the seller or broker hasnāt done due diligenceāor worse, is hiding something. Listings should offer baseline verified data.
šØ Red Flag: If basic property facts arenāt confirmed, the deal could come with hidden entitlements or legal issues.
If a property has been listed for a long time or has come on and off the market repeatedly, find out why. It could signal pricing issues, inspection problems, title issues, or failed escrows.
š Pay attention to: The listing history on LoopNet, Crexi, or MLS.
Be wary of listings that push unconventional uses without confirming zoning compliance. For example, a warehouse marketed for church use, or a retail space pitched as a future restaurant, may not meet city code.
š Always double-check zoning with the city or county directly before writing an offer.
If a listing only has exterior photos or the broker is āwaiting on access,ā this could signal poor property condition or tenant issues. A lack of transparency in showings should raise questions.
šµļø Investigate: Why is access restricted? Are there difficult tenants or hazardous conditions?
Red flags donāt always mean āwalk awayāābut they should prompt a deeper dive. When in doubt, lean on your broker, lender, and legal team to investigate thoroughly.
š Need help evaluating a property listing? Reach out to our team at Viking Enterprise with eXp Commercial. We help investors and business owners buy smarter in Katy, Fulshear, and Houston.
https://www.houstonrealestatebrokerage.com/houston-cre-navigator
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/[email protected]
https://app.bullpenre.com/profile/1742476177701x437444415125976000
https://author.billrapponline.com/
https://www.amazon.com/dp/B0F32Z5BH2
https://veed.cello.so/FOmzTty6oi9
Ā© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides itās time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerās best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyās current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itās through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
Let us help your business succeed.
šØ 5 Red Flags in Commercial Property Listings Every Investor Should Know šØ
ā ļø Avoid These 5 Mistakes When Reviewing CRE Listings! ā ļø
Investing in commercial real estate can be a game-changerābut only if you know what to look for. Whether you're a seasoned investor or a first-time buyer, reading between the lines of a commercial property listing is critical to avoiding costly surprises.
Here are 5 red flags that should give you pauseāand what to do about them.
If a listing doesnāt provide actual income and expense data, proceed with caution. A āpro formaā projection isnāt enough. You need real numbersārent rolls, operating expenses, and historical NOI (Net Operating Income)āto analyze risk and performance.
š Pro Tip: Always request trailing 12-month financials and verify them against bank deposits or tax returns when possible.
While common, an excessive use of disclaimers like ābuyer to verify zoning/use/utilitiesā can indicate the seller or broker hasnāt done due diligenceāor worse, is hiding something. Listings should offer baseline verified data.
šØ Red Flag: If basic property facts arenāt confirmed, the deal could come with hidden entitlements or legal issues.
If a property has been listed for a long time or has come on and off the market repeatedly, find out why. It could signal pricing issues, inspection problems, title issues, or failed escrows.
š Pay attention to: The listing history on LoopNet, Crexi, or MLS.
Be wary of listings that push unconventional uses without confirming zoning compliance. For example, a warehouse marketed for church use, or a retail space pitched as a future restaurant, may not meet city code.
š Always double-check zoning with the city or county directly before writing an offer.
If a listing only has exterior photos or the broker is āwaiting on access,ā this could signal poor property condition or tenant issues. A lack of transparency in showings should raise questions.
šµļø Investigate: Why is access restricted? Are there difficult tenants or hazardous conditions?
Red flags donāt always mean āwalk awayāābut they should prompt a deeper dive. When in doubt, lean on your broker, lender, and legal team to investigate thoroughly.
š Need help evaluating a property listing? Reach out to our team at Viking Enterprise with eXp Commercial. We help investors and business owners buy smarter in Katy, Fulshear, and Houston.
https://www.houstonrealestatebrokerage.com/houston-cre-navigator
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/[email protected]
https://app.bullpenre.com/profile/1742476177701x437444415125976000
https://author.billrapponline.com/
https://www.amazon.com/dp/B0F32Z5BH2
https://veed.cello.so/FOmzTty6oi9
Ā© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
Let us help your business succeed.
9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255
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Information About Brokerage Services eXp Commercial LLC #9010212
Viking Enterprise LLC #9009614
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