Table of Contents
Why invest in Nevada?
- The two main reasons to invest a business in Nevada are the growth rate and tax advantages.
- Growth Rate in Las Vegas:
- Las Vegas is one of the fastest growing cities with the affordable living cost that brings in 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 of the West Coast and is the central access to the Western and Southwestern markets. Nevada 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 that is surrounded by mountains, lakes, and trails with a desert scenery. In addition, 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
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 while residential real estate is strictly aimed for living purposes.
How do brokers determine the sale price of a property?
- Three ways that Priority One Commercial considers to determine the sale price of a property is through a cost approach, sales comparison, or income capitalization.
- Cost approach is how much it would cost to construct a similar building.
- Sales comparison is by looking at similar buildings around the area and figuring out what they are sold for. A few questions to consider when using this method is:
- Does your property have parking?
- Are you selling your business and the real estate or just the building?
- Are you close to the highway or accessible to public transit?
- How old is the building? (visability)
- Income capitalization is how much you can expect to make over the life of the property.