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Subject: Comp Sales on Commercial Properties
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nhmsUser is Offline

Posts:91


07/18/2007 8:18 PM Alert 
Is there a way to find comparable sales on commercial property? Loopnet didn't seem to have much info available.

Thanks!

** If I'm not authorized to post a reply, does that mean I'm banned from 85239.com? **
do the jakeUser is Offline

Posts:63


07/18/2007 9:39 PM Alert 
I have a friend who lives in altera inquired about cpmm property in maricopa he almost died he told me the bar on 347 and honnecut was $ 900.000 to buy and a place in the stip mall where arena is at had an empty space about $35. a square foot too much

My soul has been psychedelicsized
stinkerbell2User is Offline

Posts:0

07/18/2007 11:05 PM Alert 
Yeah I cant believe how expensive retail space is here!!! How do they expect Mom and Pop to survive? THIS is why we will HAVE to get the big Box/chain stores- they will be the only ones who can afford to open and run a business here!!
High iUser is Offline

Posts:120


07/19/2007 6:33 PM Alert 
I also heard from more than one builder that once they close out their current sites they will not be planning another development in Maricopa because the "dirt" is too expensive. They can go the CG and buy the land for nealry 1/2 the price. Take that for what it's worth because it came from sale people at local builder's, but I found it interesting that I heard it from more than one. I just don't get why the land here is so expensive? Is it because it's usable as farm land?
GilaGuyUser is Offline

Posts:789


07/21/2007 3:32 PM Alert 
<div class='NTForums_Quote'>Posted By High i on 07/19/2007 6:33 PM

I also heard from more than one builder that once they close out their current sites they will not be planning another development in Maricopa because the "dirt" is too expensive. They can go the CG and buy the land for nealry 1/2 the price. Take that for what it's worth because it came from sale people at local builder's, but I found it interesting that I heard it from more than one. I just don't get why the land here is so expensive? Is it because it's usable as farm land?</div>


I have heard this too from more than one source, and like you, I'm wondering how this is possible. My only guesses are that the City might be askin for concessions in order for builders to create new shopping centers, etc; or that they're charging more money in fees in an effort to wring every last drop of money from each builder. Now, I don't have any evidence that any of that is actually going on, those are just the only things I can think of that would make builders so hostile towards building here. Who knows.
sealionUser is Offline

Posts:22


07/25/2007 1:03 PM Alert 
Well, if that is true then our properties should definitely go UP sooner than later.
ReaganUser is Offline

Posts:737


07/25/2007 1:56 PM Alert 
Shortage of land, or shortage of affordable land is very good in the sense of our property values. I personally would like to see builders slow down. It would be great for those trying to sell their resales if the builders weren't offering such great incentives.

But then again, it is all a cycle. If the builders leave or cut down their numbers, resales will go back up. Once property values go back up, builders will be back because their margins will be back as well.

Welfare's purpose should be to eliminate, as far as possible, the need for its own existence.

Reagan, Los Angeles Times, January 7, 1970
AverageJeffUser is Offline

Posts:26

08/08/2007 9:07 PM Alert 
Pay an appraiser?
bstoneazUser is Offline

Posts:404


08/09/2007 9:32 AM Alert 
The bar on Honeycutt is going for $800K.

Just the good ol' boys,
Never meanin' no harm,
Beats all you've ever saw, been in trouble with the law since the day they was born.

Straight'nin' the curve,
Flat'nin' the hills.
Someday the moutain might get 'em, but the law never will.

Makin' their way,
The only way they know how,
That's just a little bit more than the law will allow.

Just good ol' boys,
Wouldn't change if they could,
Fightin' the system like a true modern day Robin Hood.
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Forums > Community > Future of Maricopa > Comp Sales on Commercial Properties



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