Why do entitlements add so much value to commercial property? It all has to do with this little formula below. Who knew something so simple could be so powerful. If you want to learn more about how entitlements can add massive value to commercial property, you need to check out our upcoming summer seminar series that starts soon. For more details check out our site https://www.tolosapropertygroup.com/education.html
A Transfer of Development Rights Program is a zoning practice that is intended to conserve land by reallocating development from a more dense sending property to a less dense receiving property that may be more suitable for development. Another purpose that the program serves is to allow owners of the sending property to be compensated for the reallocated development rights. Not all jurisdictions have these programs, but you're working in the commercial space, you should take a closer look at the zoning rules to see if this is an option.
We are all looking for ways we may need to shift as the current market evolves. If you're someone that is looking to grow your business in additional or completely new directions then what I have to share may be for you. We all know that entitlements add value especially for developers and builders. What you may not know is that they add value for commercial property investors as well. If learning new ways to add value in the commercial space is of interest to you then I encourage you to check out what we have coming up this summer. This is a 3 part seminar series where we give you the strategies, tactics and tips to help you add value to commercial property with the use of entitlements. This could be something to help diversify your business and insulate you more from the changing markets. Hope to see you there!
Metes & bounds is the legal description for a piece of land measured in distances, angles, and directions.
Metes is measure. Bounds can be anything, such as a ridge or creek, that limits the parcel of land to be described. This is the way that early settlers would describe their land before a lot and block system was put into place.
We've done the leg work for you and create our "State By State Platting Exception List." Visit us here to learn more.
You gotta check this out. This guy might be my new hero.
See what this guy did here.
Yes the entitlement process can be complex and lengthy. Although the exact process differs from one area to the next, the image below gives you a good idea of what the process looks like for larger types of projects. Good info to keep in mind!
The value of a property is not just based on its location or what sits on it today. It's also about what could be done to a property in the future. It takes knowledge, vision and determination but with those attributes in hand, you can rezone a property and massively increase its value. No, it's not simple. No it's not easy. But it's the hard that makes it worth it. That, and the returns!
Everyone wants to know what's going to happen in the housing market. Even though rising interest rates will impact affordability, there is still a massive housing shortage in many places throughout the country. I think that what you will see is that builders will still build, but the product type may shift. You're already seeing that in some parts of the country. Higher density residential development is where it will go. Take a look at this article talking about markets with significant upticks in multifamily approvals. Read it here.
Here is something that most investors don't know....local jurisdictions have a required parking ratio for onsite parking that is tied to each business in a shopping center? For example 1 space for every 250 sf of retail, 1 space for every 100 sf of restaurant, etc. But what happens when you don't have enough spaces to allow for your that popular chicken restaurant that you want to fill your space? The owner loses income and if it persists they can lose value as well. This can be an easy six figure problem in some cases. How valuable would a solution be? How much value could you add if you had that solution?
This solution is one of the strategies we discuss in our upcoming seminar series on how entitlements can add value to commercial property. If you're interested in learning new strategies in a shifting market I suggest you take a look. Contact me if you're interested and I will send you the details right away! Early bird discount is expiring soon!
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