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When there is land for sale – whether raw acreage, farmland, commercial property, or residential – a land appraisal is the key component of the process. Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is essential. This will help you make the most of your land buying decision. But first, it’s important to understand what is a land appraisal; how is land appraised; who does land appraisals; what is the land appraisal process; and what to expect from land appraisals. We dive into these areas, below.
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Columbus, Ohio is home to many residential and commercial rental properties. In the past few decades, we’ve noticed a steady increase in building owners and landlords looking for help. Let’s face it, real property management is a long-term endeavor, and not everyone has the time to perform real property management. You are not alone! Maintaining and running a commercial property can quickly become overwhelming. Do the following six statements ring true for you? If so, they may be signs that you need help from an on site property manager for hire!
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Are you interested in learning about land brokers – including their responsibilities, the types of transactions they specialize in, and whether this might be the right career path for you? Well, you came to the right place! We, at The Robert Weiler Company, have highlighted important information that we think you’ll find helpful. As one of the top commercial real estate firms in Columbus, Ohio, we’re here to provide you with everything you may want to know about this field. Let’s dig into this interesting, challenging, and rewarding field.
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Here in Ohio, the number of certified property management professionals is increasing – and with good reason. For instance, the median annual salary for a Columbus property manager is $106,074, according to Salary.com as of May 2023. And that amount does not include bonuses, commission, benefits, or other factors that impact base pay. Now, also consider excellent market access, the standard of living, and a valuable tax climate; you can easily see why individuals seek out Columbus, Ohio to start their property management career. Find out the full salary ranges as well as licensing and certification options to become a licensed property manager in Columbus, Ohio. We also explore multiple paths for professional property managers, including residential and commercial property management. This information may help you decide the path you want to take!
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It’s easy to be mixed up about mixed-use property for sale! The sector offers a head-spinning amalgam of residential, commercial, hotel, and retail space; however, each piece harmonizes to form an immediate community. Not to mention that commercial mixed-use properties are especially popular in our hometown of Columbus, Ohio, spread across the urban and suburban landscape.
Are you ready to learn about commercial mixed-use property for sale? First, as a prospective investor interested in the mixed-use real estate development concept, you must understand what is a mixed use property. Also, know the requirements of these unique community environments and the people inhabiting these structures. That’s why our in-depth review of commercial mixed-use buildings and mixed use spaces will provide the insight to make a wise investment decision. Join us as we explore the benefits of investing in mixed-use properties, survey a cross-section of the different types of properties, scrutinize current trends in the market, and discover why mixed-use property for sale is such a good investment.
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Any commercial real estate purchase is tough to make, but this especially rings true when deciding to buy Ohio farms for sale – requiring the buyer to decide after weighing many pros and cons. Farmland is valuable, so if you make the right decision, you may have gotten yourself a quality investment. But if you don’t consider all advantages and disadvantages, you may have bought yourself a headache.
Deciding to research and then buy Ohio farms for sale is undoubtedly challenging. The complex factors involved, particularly regarding soil, can make your decision harder. Find out which factors you should pay attention to, below.
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Are you a newcomer to buying commercial property for sale in Columbus, Ohio? Welcome to our thriving community! Not only is our neighborhood home to some of the largest U.S. retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to buy commercial real estate in Columbus, Ohio.
Now that we’ve piqued your interest in our fantastic city, it’s time to dive into commercial property investment. Whether this is your first purchase or tenth, investing in commercial properties for sale comes with unique challenges. So, with that thought in mind, we’ve created a comprehensive guide listing the top 5 tips for beginners, a due diligence checklist, and a list of pitfalls to avoid during the process. Also, find out what benefits the tax bill brings to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought!
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When executing commercial property for lease in Columbus, Ohio, landlords and business tenants have different perspectives and interests. Although no two leases are alike, a core set of elements typically must be addressed. Before you lease commercial property, as a landlord, consider the following preparations and information that should be factored into any commercial space for lease. And if you’re looking for more information, our full guide on how to find and lease commercial space for rent is chock full of practical tips.
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Doesn’t it feel as if you only just moved into your current office? And already, here you are searching for the next perfect office space for rent in Columbus, Ohio, to suit your expanding team better.
Acquiring office space for rent in Columbus, Ohio has never been a wiser decision than now. Ohio is home to the headquarters of 27 companies on the U.S. Fortune 500 list. Six of those companies are headquartered in the Greater Columbus area: American Electric Power, Bread Financial, Cardinal Health, Huntington Bancshares, L Brands, and Nationwide. In fact, Columbus ranked as the #1 metro area in the United States for Global 500 headquarters!
With all that you have on your plate, when you search for office space Columbus, Ohio has to offer, it can feel overwhelming. But it doesn’t have to be. So, how can you get started on your quest today? And what should you take into consideration? Find the answers to these questions and more, below.
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Ohio is one of the top five tax climates in the United States, so it is not surprising that you are looking at the various apartment buildings for sale in Ohio as a lucrative investment. However, you should not jump into an investment in real estate without preparation. This purchase can be a great asset if you make a wise choice. Trying to determine how to find apartment buildings for sale in Ohio? Want to know how to buy an apartment complex for sale in Ohio? Are there best practices? This guide, containing the necessary steps and critical tips, will point you in the right direction.
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Feeling a bit overwhelmed by taphe thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. After all, it is a detailed activity that can look different depending on the scope and nature of your property.
To simplify and demystify the commercial appraisal process for you, we have addressed 19 of the most critical questions asked. So, take a deep breath, read on, and be prepared to gain a deeper insight into the vital world of commercial real estate valuation. We believe you’ll feel better informed, more confident, and maybe even more enthusiastic when scheduling a free consultation with a commercial property appraiser.
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Warehouse space in Columbus, Ohio and throughout the United States is disappearing as it’s becoming scarcer and pricier. However, thanks to the continuing popularity of e-commerce and online sales, the demand for warehouse space for rent is rising. This is particularly the case in the major population centers.
The pandemic created a spike in e-commerce sales and the need for data centers, transforming the industrial real estate market nationally and locally, in Columbus, Ohio. The demand for industrial space for lease has increased exponentially. Industrial real estate investors and developers can’t add new properties to the market fast enough. Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. This is why we are seeing record-breaking low vacancy rates for warehouse space for rent and lease, as well as warehouse space for sale.
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Are you searching for office space for lease in Columbus, Ohio? The region certainly has a lot to choose from, providing you understand the best methods for your search for office space. Once you find that dream office, though, you have to rely on your preparations and negotiating strategies to get the best lease price and terms of the space. You’re likely here because you want to learn some tactics. The best thing you can do is strategize, research, learn, and ask plenty of questions; doing so will ensure that you understand the lease well and level the playing field when negotiating. This comprehensive guide, packed with 52 top tips, will help you fully prepare so you enter the negotiation with confidence.
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When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. Before listing and showing your property, a wide range of tasks can, and should, be undertaken to increase the chances of a sale and boost the potential ROI.
A study by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping can potentially increase a commercial property’s resale value by 14 percent. And, even more surprisingly, landscaping can also increase the time it takes to sell commercial property by as much as six weeks.
With some as straightforward as cleaning up, and others requiring an investment of a few thousand dollars, each recommendation is aimed at increasing the profit of your commercial property. Below are 24 practical tips to improve any of the five major types of commercial real estate.
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When it comes to property management – and property management companies – a great debate rages on. Which is better: 3rd party on-site property managers or an in-house property manager? In some sense, it’s a debate as old as the commercial real estate industry itself; a profession that started unofficially in the 19th century. (Consider that it was only a few short decades after Founding Father, elder statesman, and successful businessman Benjamin Franklin passed into history.
No stranger to offering business-related sage advice, Benjamin Franklin was fond of reminding us all that “death and taxes” were the only two certainties in this world. While Franklin knew that death and taxes were guarantees, how those taxes are paid, and who’s managing the properties taxed is anything but certain. Then, as now, there are two schools of thought: third-party on-site property management companies vs. in-house property management (or “self” management).
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What sets a business apart from others often stems from the location where they searched for commercial real estate listings. Columbus, Ohio is a diverse city with various areas that appeal to many people. As a result, choosing the area that is best suited for your business takes careful consideration. Though choosing may seem easy enough, as there are a lot of great locations to choose from within the Columbus metro area, it takes much research and due diligence to decide on a location that is the most ideal for your business. After all, location is one of the most critical elements that can affect your business’s success. The right location is essential if you expect foot traffic. Below are some points to consider, before beginning to search for the future location of your business.
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Considering an investment in commercial real estate? Want to build a successful portfolio with an attractive rate of return? Investing in multifamily properties for sale may be a solid option for you.
The U.S. multifamily real estate market enjoyed a record-breaking year in 2021, according to CBRE. This sector set multiple records that year with a total investment volume of $335.3 billion, an absorption of 617,500 units, and the national vacancy rate falling to 2.5 percent (a decrease of 2.2% year-over-year). While the multifamily investment volume in 2022 decreased by 19% year-over-year to $278.8 billion, it was the second-largest annual total recorded.
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With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway.
Ohio law stipulates that a comprehensive property reassessment is completed every six years, with an update at the three-year midpoint. Auditors from across the State spend years evaluating a select list of criteria to determine a property’s value and, thus, its new tax rate. As Ohio business owners know, a lot can change in that time. For some, that means they can expect a tax hike. For others, it might mean a decrease. Lastly, some commercial property owners will see a negligible difference, regardless of the appraisal.
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Over half a century ago, the United States inaugurated a special day, April 22, as Earth Day. As we commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry.
What began in 1970 as a localized, American movement, is now celebrated by 192 countries. The goal is simple but profound: raise awareness regarding humanity’s impact on the global climate and how, collectively, we can affect positive change. Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building.
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As an investor, you know that income-generating properties can bring a reliable monthly cash flow and build long-term wealth. You’ve also learned that much time and effort goes into managing investment properties. To maximize your return on investment, you must hire a licensed property manager company in Ohio to oversee the daily operations. Hiring the wrong property manager can result in missed rent, vacancies, poor maintenance, tenant dissatisfaction, and financial loss. However, hiring the right person or company can greatly enhance your finances, free time, and your property’s reputation.
So, how do you find the best property manager companies in Ohio? This guide will help you find the perfect candidate for your requirements.
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