News

• How to Determine the Value of a Commercial Property

  August 30, 2024

  Income Approach The income approach is one of the most commonly used methods for valuing commercial properties, especially income-producing assets like office buildings, retail centers, and industrial properties. This approach focuses on the property’s ability to generate revenue.Calculate Net Operating Income (NOI) Start by determining the proper...

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  Emma Carpenter
• A Guide to North Carolina Zoning: What Commercial Real Estate Investors Need to Know

  August 30, 2024

  Understanding Zoning Basics Zoning laws are local regulations that govern how land can be used in specific areas. These rules are established by municipalities and counties to control development, preserve community character, and ensure public safety. In North Carolina, zoning ordinances typically classify land into different categories, including...

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  Emma Carpenter
• Locally Owned Heavenly Buffaloes to Open First Raleigh Location Next Week

  August 28, 2024

  Popular local wings joint Heavenly Buffaloes will open next week in Raleigh. The restaurant is leasing 1,951 square feet of space in the former Hungry Howies location at Haverty Square at 6701 Glenwood Avenue. It is expected to open on Tuesday, September 3. This is the restaurant’s fourth location in the Triangle. Pickett Sprouse Commercial Real Es...

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  Robyn Mooring
• Deal Facilitated by Pickett Sprouse Brokers Recognized for CoStar’s Power Broker Award

  August 02, 2024

  “This was not an easy transaction logistically, but Mark and Emilee made it happen,” said Bert Woodall, Broker and Co-Owner, Pickett Sprouse Commercial Real Estate. “We are pleased that they’re being recognized for the type of hard work and dedication that they put into every deal, no matter the size.” Airspeed designs and manufactures cables and p...

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  Robyn Mooring
• Everything You Need to Know About Subleasing Commercial Spaces

  July 29, 2024

  What is Subleasing? Subleasing occurs when an existing tenant (the sublessor) rents out part or all of their leased commercial space to another party (the sublessee). This arrangement creates a secondary lease agreement, while the original tenant remains responsible to the landlord for the primary lease terms. Subleasing is common in commercial rea...

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• How to Invest in Apartment Buildings: A Comprehensive Guide

  July 29, 2024

  1. Understand the Market Before diving into apartment building investments, it's crucial to have a solid grasp of the real estate market. Research the local market conditions, including vacancy rates, rental trends, and economic factors that may affect property values. Understanding these elements will help you identify profitable opportunities and...

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• Pickett Sprouse Commercial Real Estate Broker Emilee Collins Appointed to Two Local Boards

  June 25, 2024

  Pickett Sprouse Commercial Real Estate Broker Emilee Collins, CCIM was recently appointed to two local boards for the coming year. The appointments are to the Durham Tech Foundation Board of Directors as well as the Orange County Economic Development Advisory Board. Both appointments will be effective July 1. “I am a firm believer that we should be...

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  Robyn Mooring
• Nomad Owners Introduce Family-Friendly Bar Concept in Hillsborough

  June 19, 2024

  The owners of Nomad are planning a new venture in the building previously occupied by Hot Tin Roof in downtown Hillsborough, with help from Emilee Collins of Pickett Sprouse Commercial Real Estate. B.J. Patel and his wife, Smita, aim to create a family-friendly bar that deviates from the traditional tavern concept. Their vision includes a vibrant, ...

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