Table of Contents
Why invest in Nevada?
There are two main reasons to invest in Nevada: the growth rate and tax advantages.
Growth Rate in Las Vegas: Las Vegas is one of the fastest-growing cities in the country, with affordable living costs that attract a large migration into the city. It has a rapidly growing labor force with average wage rates and has reasonable lease rates on industrial spaces.
Nevada is the home of the fastest-growing warehouse and distribution industry on the West Coast and is the central access to the Western and Southwestern markets. Nevada is a right-to-work state.
Many people are unaware that Las Vegas is more than casinos, gambling, and entertainment. It is a city that offers a variety of living opportunities with family-friendly places to live, work, shop, explore, eat, etc.
Las Vegas is one of the sunniest cities, surrounded by mountains, lakes, and trails with desert scenery. Additionally, it’s a good distance to many national parks, beaches, and ski resorts.
Tax Advantages of Nevada:
- No corporate or personal income tax
- No franchise tax
- No inventory tax
- No estate or inheritance tax
What is Commercial Real Estate?
Commercial Real Estate is real estate that is used for commercial activity that are non-residential properties, like office, medical, industrial and other properties that can generate income.
Why hire a commercial real estate broker?
Hiring a commercial real estate broker that is an expert in your area of commercial real estate can save you time and money on your search. They have the knowledge of the market and can identify the target areas based on your criteria. They match you to the right property so your business can grow.
Brokers can negotiate deals that best suit you and coordinate the completion of the tenant/buyer’s transaction.
But most importantly, a broker represents you.
Priority One Commercial has provided commercial property management services to clients throughout the Las Vegas, North Las Vegas and Henderson metropolitan area since 1993, and manage commercial offices, industrial, retail and associations.
Why choose a smaller commercial brokerage firm like Priority One Commercial, over a large, national real estate brokerage firm?
- Priority One Commercial specializes in commercial leasing and sales. They match the right client to the right property and provide commercial property management and association management services to their clients.
- They handle all aspects of commercial real estate transactions for their clients, from purchasing a building, land, to leasing space and managing property. By representing the Tenant/Buyer, they eliminate the need for their clients to learn the “ins and outs” of the commercial real estate Industry. This allows their client to focus on what they do best – run their business. Their primary goal is to work with their clients to maximize their cash flow and establish stabilized property values.
- Priority One Commercial have provided commercial property management services to clients throughout the Las Vegas, North Las Vegas and Henderson metropolitan area since 1993, and manage commercial offices, industrial, retail and associations.
Do you specialize in any particular types of commercial real estate properties?
Priority One Commercial has experience with all types of commercial real estate properties such as office spaces, industrial properties, medical centers, land, and retail properties.
What is the difference between residential real estate and commercial real estate?
Residential real estate deals with single-family homes and unit rental residences like condos, duplexes, and triplexes. While commercial real estate deals with non-residential properties like office, industrial, retail, medical, and others that generate income.
In short, commercial real estate is aimed for business-related purposes
How do brokers determine the sale price of a property?
An experienced commercial broker will typically use one or more of the following methods to determine the value of a commercial property:
- Income approach: This method involves analyzing the income generated by the property and projecting future income potential. The broker will look at current and projected rental income, occupancy rates, and expenses related to the property. By calculating the net operating income (NOI), they can determine the value of the property based on the rate of return that investors expect to receive.
- Sales comparison approach: This method involves comparing the property to other similar properties in the same market that have recently sold. The broker will look at factors such as the property size, location, age, condition, and amenities to determine a fair market value.
- Cost approach: This method involves calculating the replacement cost of the property, which is the cost to rebuild the property with similar materials and construction methods. The broker will then subtract any depreciation or obsolescence to determine the value of the property.
An experienced commercial broker may use one or more of these methods depending on the type of property and the market conditions. They will also consider other factors such as zoning regulations, environmental concerns, and market trends to determine the value of a commercial property.
