Understanding the Due Diligence Period in Commercial Real Estate
October 18, 2024
What is the Due Diligence Period? The due diligence period is the timeframe, typically ranging from 30 to 90 days, during which a buyer investigates various aspects of a commercial property. This investigation may include property inspections, financial evaluations, lease agreements, and an analysis of zoning laws. The goal is to identify any issue...
Emma CarpenterInvesting in Real Estate in North Carolina: A Comprehensive Guide
October 01, 2024
Understanding North Carolina's Market Dynamics North Carolina's real estate market is characterized by steady growth and regional diversity. Cities like Raleigh, Charlotte, and Durham have seen significant increases in property values due to strong job growth, an influx of new residents, and vibrant local economies. Meanwhile, smaller towns and rur...
Emma CarpenterThe Impact of Property Condition on Your Real Estate Investment
October 01, 2024
Structural Integrity: The Foundation of Value The structural integrity of a property is one of the most critical aspects to evaluate. A building with solid construction and no major structural issues is generally more valuable and requires less maintenance, leading to lower long-term costs. Here are a few things to consider: Foundation and Roof: Is...
Emma CarpenterHow 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...
Emma CarpenterA 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...
Emma CarpenterLocally 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...
Robyn MooringDeal 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...
Robyn Mooring