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 Renovate for Profit: How Smart Updates Boost Your CRE ROI š
š¢ Maximize ROI with Commercial Renovations š° | CRE Investors Take Note! š
š§° Renovating Commercial Space for Maximum ROI
In the world of commercial real estate (CRE), strategic renovations can make the difference between a stagnant asset and a high-performing property. Whether you're a property owner, investor, or developer, knowing when and how to renovate can directly impact your return on investment (ROI).
Unlike residential properties, commercial spaces must adapt to shifting tenant expectations, zoning updates, energy-efficiency standards, and modern workplace or retail needs. Renovationsāwhen done with clear goalsācan:
Ā· Increase rental income
Ā· Attract higher-quality tenants
Ā· Reduce vacancy rates
Ā· Boost property appraised value
Ā· Enhance financing opportunities
1. Curb Appeal and FaƧade Upgrades
First impressions matter. A modern exterior can increase foot traffic for retail properties or help office spaces stand out to potential tenants.
2. Interior Buildouts & Flexibility
Designing flexible floor plans appeals to a broader range of tenants. Consider āwhite boxā spaces or pre-built units with updated HVAC, lighting, and restrooms.
3. Energy Efficiency Improvements
LED lighting, low-flow plumbing, better insulation, and upgraded HVAC systems save money long-term and make properties more attractive to eco-conscious tenants and lenders.
4. Common Area Enhancements
Upgraded lobbies, shared conference rooms, or kitchen areas add value in multi-tenant properties and elevate tenant satisfaction.
5. ADA Compliance & Safety Upgrades
Meeting updated codes can unlock government incentives and avoid legal risks.
An older retail strip center in Katy, TX sat 40% vacant. With a $150,000 renovation budget, we:
· Modernized the façade and signage
Ā· Added energy-efficient lighting
Ā· Upgraded the parking lot and ADA compliance
Within 90 days, vacancy dropped to 0% and rental rates increased by 18%.
Renovated assets not only lease fasterāthey appraise higher. As a commercial broker, I often advise clients to renovate before refinancing to maximize loan proceeds. A higher Net Operating Income (NOI) boosts Debt Service Coverage Ratio (DSCR), improving financing options.
Donāt just hold commercial real estateāoptimize it. Renovations aligned with tenant demand and market trends can yield substantial ROI and long-term value. If youāre unsure where to start, connect with a CRE broker who understands both value-add strategy and lending.
š© Ready to talk renovations or repositioning strategies? Letās connect and run the numbers.
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
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 Renovate for Profit: How Smart Updates Boost Your CRE ROI š
š¢ Maximize ROI with Commercial Renovations š° | CRE Investors Take Note! š
š§° Renovating Commercial Space for Maximum ROI
In the world of commercial real estate (CRE), strategic renovations can make the difference between a stagnant asset and a high-performing property. Whether you're a property owner, investor, or developer, knowing when and how to renovate can directly impact your return on investment (ROI).
Unlike residential properties, commercial spaces must adapt to shifting tenant expectations, zoning updates, energy-efficiency standards, and modern workplace or retail needs. Renovationsāwhen done with clear goalsācan:
Ā· Increase rental income
Ā· Attract higher-quality tenants
Ā· Reduce vacancy rates
Ā· Boost property appraised value
Ā· Enhance financing opportunities
1. Curb Appeal and FaƧade Upgrades
First impressions matter. A modern exterior can increase foot traffic for retail properties or help office spaces stand out to potential tenants.
2. Interior Buildouts & Flexibility
Designing flexible floor plans appeals to a broader range of tenants. Consider āwhite boxā spaces or pre-built units with updated HVAC, lighting, and restrooms.
3. Energy Efficiency Improvements
LED lighting, low-flow plumbing, better insulation, and upgraded HVAC systems save money long-term and make properties more attractive to eco-conscious tenants and lenders.
4. Common Area Enhancements
Upgraded lobbies, shared conference rooms, or kitchen areas add value in multi-tenant properties and elevate tenant satisfaction.
5. ADA Compliance & Safety Upgrades
Meeting updated codes can unlock government incentives and avoid legal risks.
An older retail strip center in Katy, TX sat 40% vacant. With a $150,000 renovation budget, we:
· Modernized the façade and signage
Ā· Added energy-efficient lighting
Ā· Upgraded the parking lot and ADA compliance
Within 90 days, vacancy dropped to 0% and rental rates increased by 18%.
Renovated assets not only lease fasterāthey appraise higher. As a commercial broker, I often advise clients to renovate before refinancing to maximize loan proceeds. A higher Net Operating Income (NOI) boosts Debt Service Coverage Ratio (DSCR), improving financing options.
Donāt just hold commercial real estateāoptimize it. Renovations aligned with tenant demand and market trends can yield substantial ROI and long-term value. If youāre unsure where to start, connect with a CRE broker who understands both value-add strategy and lending.
š© Ready to talk renovations or repositioning strategies? Letās connect and run the numbers.
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
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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