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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

Commercial Real Estate Appraisal Review Essential HandbookIn the age of social media, we frequently ask friends and family for their thoughts on a subject. Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions.

Fortunately, we do not conduct commercial real estate appraisals on social media! And, the commercial real estate appraisal review process is not just a second opinion or a survey to friends or even colleagues; it is a required, in-depth analysis by industry experts. In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. Continue reading…


The Intel About Intel’s Columbus, OH Region Move (and Why Your Business Can Flourish Here, Too)

Intel Columbus OH MoveWhat’s so special about living landlocked in this part of the US? Residents of Greater Columbus, Ohio may rattle off a list that includes: friendly neighborhoods, down-to-earth people, stress-free rural living juxtaposed with affordable downtown living, vigorous four seasons, and yes, that famous Midwestern humility. But proximity to a new Intel Corporation fabrication plant whose construction might one day ease future global chip shortages might be another reason to love our region.

The groundbreaking for the $20 billion facility is slated to begin later this year and is expected to open by the end of 2025. That’s about 36 months to go, or a little more than three years, if you’re keeping score.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

Residential Commercial AppraisalWith the global economy rebounding from its pandemic lows, residential and commercial property hunters are again on the prowl, eager for exciting opportunities at optimal prices.

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed.

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How to Conduct the Most Effective Columbus, Ohio Property Search

Columbus Ohio Property SearchManaging your Columbus, Ohio property search can seem like a daunting task. After all, there’s a lot to consider. But don’t worry! The Robert Weiler Company has gathered seven helpful tips, sure to assist you in conducting the best property search in Columbus, Ohio as possible.

As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals. It’s what we do! Read on for our expert tips and tricks of the trade. Also, see why Columbus is a hot spot for commercial real estate investors.

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Anatomy of a Commercial Real Estate Appraisal: A Top 19 Q&A Guide

Commercial Real Estate Appraisal Q&AFeeling a bit overwhelmed by the 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 important questions asked. So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser.

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What Is a Land Contract In Ohio? Full Guide [2022 Update]

What is a Land Contract in Ohio?In commercial real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a commercial land contract in Ohio, as well as the state-specific requirements? So, what is a commercial land contract in Ohio? Essentially, a land contract is an alternative financing option if you’re investing in:

  • Farmland or raw land
  • Multifamily housing
  • A commercial building
  • A home or condo

While a commercial land contract might be ideal for you, there are important details you need to know, first. So, what is a land contract agreement, and how does it work? Let us give you a lay of the land (pun intended)! Learn how you, the commercial real estate investor, can avoid the bank and make an agreement directly with the seller.

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Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

Conservation EasementThe importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power and beauty of a conservation easement in the following quote:

“Here is your country. Cherish these natural wonders, cherish the natural resources, cherish the history and romance as a sacred heritage, for your children and your children’s children. Do not let selfish men or greedy interests skin your country of its beauty, its riches or its romance.”

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Guide to Buying Apartment Buildings for Sale in Ohio

Buying Apartment Buildings for Sale in OhioOhio 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, an investment in real estate is not something you should jump into 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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What is a Land Appraisal and How Is Land Appraised?

Ohio Land for Sale? Think Land Appraisal!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 important. 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 it is appraised, the real estate appraisal process, and what to expect. We dive into these areas, below.

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Special Purpose Property Tips to Appraise, Buy & Sell [2022]

Special Purpose PropertyWith spring around the corner and signs of improvement for the pandemic, a feeling of rebirth is in the air across Ohio. But for up-and-coming neighborhoods with a special purpose property or unique properties for sale, the soon-to-be bloom time might as well be called boom time.

Something “special” is taking place in neighborhoods throughout the Columbus region. Just look towards Franklinton (just west of the Scioto River, subdivided into East and West), the Arena District, or once-downtrodden places like the Short North Arts District (running in a narrow strip along N. High Street from the convention center to 5th Avenue).

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Conservation Easements Pros and Cons: Keep Ohio Cool and Green

Conservation Easements Pros and Cons: Keep Ohio Cool and GreenSummer in the Buckeye State can be a sultry affair. And, surprisingly, one way to beat the heat may involve a unique land protection vehicle known as a conservation easement. From a climate perspective, a green oasis can help cities lessen their urban heat island effect.

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How to Best Search for Land to Buy in Ohio [2022]

Land to Buy in Ohio

Land investors choose land to buy in Ohio for many reasons. Unlike other investments of value, buying land is often a safe investment. Land is a limited resource, has permanence, and appreciates in value. In fact, land won’t depreciate, even raw and undeveloped land. Buying land in Ohio offers myriad uses if you follow zoning regulations. Ohio consistently ranks at the top for affordable living and business costs. And there is less competition when buying land than other real estate markets.

Below we provide insight into buying land in Ohio, what to consider, how to find land to buy in Ohio, hiring land brokers, and more!

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How to Become a Columbus Property Manager… and Earn $103,845! [2022]

Columbus Property ManagerHere 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 $103,845, according to Salary.com as of August 29, 2022. And that amount does not include bonuses, commission, and benefits, as well as other factors that impact base pay. Now, also factor in great market access, the standard of living, and valuable tax climate; you can easily see why individuals seek out Columbus, Ohio as a place 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 property managers, including residential and commercial property management. This information may help you decide the path you want to take!

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Why Buy Land for Sale in Ohio in 2022? (7 Reasons & 38 Benefits)

Buy Land for Sale in OhioWhy should you buy land in Ohio? While many factors contribute to moving or a business relocating, the lower costs of living and doing business in Ohio are very appealing compared to the coasts. Since 2016, over 40 new companies that employ nearly 10,000 workers and pay $625M in payroll have relocated to Ohio from the coasts. If that isn’t convincing enough, below are more reasons to buy land in Ohio to move or expand your business; or many commercial investors choose to buy Ohio land for sale to flip for a profit.

Below, we explore how much an acre of land is worth (2022) in Ohio; why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale. Ohio land buyers, start taking notes!

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

Ohio Land for Sale | Market GrowthIs buying land a good investment in Ohio? Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. Reports have revealed a strong land market. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®.

As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. While the forecast varies among sectors, the overall outlook for the year’s second half remains positive. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. See below why we feel Ohio land for sale market is still ripe for growth.

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Investors’ Guide to Mixed-Use Property for Sale: Understanding the Live-Work-Play Hybrid [2022]

Guide to Mixed-Use Property for SaleIt’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 mixed-use properties are especially popular in our hometown of Columbus, Ohio, spread across the urban and suburban landscape.

Are you ready to mess around with 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. It’s pertinent you also know the requirements of these unique community environments and the people inhabiting these structures. That’s why our in-depth review of 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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Boost Profitability of Your Farm for Sale in Ohio: 2 Determining Factors in 2022

Farm for Sale in OhioIf you are one of the 75,000+ principal farm operators in the state Ohio, you know that having a farm for sale in Ohio is unlike selling any other property. With the recent boom in housing sales and commercial real estate development, farmland has proven to generate a significant return on investment for you, the land owner.

By no means are we suggesting it’s a difficult process to sell farmland; however, the effort you put into prepping your farm for sale can pay off. Two main factors will determine your sale’s profitability: land evaluation and taxes. Therefore, we recommend you focus your attention here.

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Columbus Real Estate Investing: Generate ROI with 5 Commercial Property Types

Columbus Real Estate InvestmentIf you have been an avid investor over the last few years, you know there hasn’t been a better buy than Columbus real estate. Home prices and sales continue to trend upwards, population growth shows no sign of slowing down, and business expansion is seemingly the norm. So, why are you waiting to make that commercial real estate investment?

The Arch City has not only a diverse population but also many different types of commercial properties for sale, which are ripe for your investment. Commercial real estate in Columbus, Ohio primarily includes apartment buildings, retail centers, industrial warehouses, land for sale, and office buildings. As such, determining where you put your money is immensely important. Below are some considerations for each property type.

 

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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

Find & Lease Commercial Space for RentWhat’s the worst-kept secret this year? It could be that commercial space for rent in Columbus, Ohio, is booming.

Why? Thanks to a confluence of factors, namely an influx of younger residents, robust institutions of higher learning, a fortuitous location smack dab within a few hours’ drive of the bulk of the U.S. population, and a lower cost of living as compared to the coasts. And, let’s not forget the acceleration of the e-commerce/digital economy transition, leaving many Americans flush with cash! So, why not consider a commercial space for lease or even invest in commercial space for sale? It is a hotter commodity now than in the Columbus Region’s recent past.

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7 Best Books for Rental Property Managers [in 2022]

Rental Property Managers BooksEducation is essential to succeeding whether you are just starting out as a rental property manager or an experienced property manager looking to refine your strategy. New and aspiring rental property managers want a comprehensive introduction to the rental property business. They want to understand what’s involved in the day-to-day operations and learn the best practices, tips, and tools from experienced property managers. And seasoned pros often seek out changes made within the property management industry. They want to learn about the latest technology, laws, tax benefits, and regulations. Seasoned pros might even learn tips from their peers that could help streamline their processes and manage more effectively.

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