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Ridgeland, MS 39157

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4 Attributes of a Successful Investment Property – Advice from Mississippi’s Preferred Investment Real Estate Company

December 4th, 2020

Finding the right commercial property to add to your portfolio is time consuming. When you do find one, you want to ensure that you will get the most return on your investment. How do you determine that? Sure, you can look at net operating income, capitalization rate, and cash-on-cash formulas. Even looking for motivated sellers can aid you in getting a good deal. However, the question remains, how do you know for sure that your new property will be a success and benefit your financial portfolio?

Examine the attributes that indicate a property will be successful and rely on the expertise of The Estes Group, Mississippi’s reliable investment real estate company. Our client-centered approach sets us apart. We work with you to provide a comprehensive view of the property you wish to acquire so that you have a good understanding of the earning potential. We aim to understand your personal goals and objectives and operate with those in mind, giving you a solid foundation upon which to build your portfolio.

4 Hints that a Commercial Investment Property May Be Successful  

There is more to successful investing than NOI, cap rate, and cash-on-cash. These metrics are essential, but what drives those metrics is the key to success. Here are four attributes that we believe are signs that an investment property will be successful:

  1. It’s in the right location – Yes, you have to start with an excellent location and it’s not just about the market in which the property is located. It also includes proximity to amenities and competition, which all work together to give you a basis for a successful investment.
  2. There is easy access – Owning a commercial property on the best street in town means nothing to your tenants if access is an issue. Let’s say you’re interested in acquiring a strip mall in a busy part of town, but you notice there are no stoplights nearby or no major roads accessible. If a tenant’s customer cannot get in and out quickly, you may be hard-pressed to stay at full occupancy.
  3. Repairs and upkeep have been attended to – Worn-out buildings are an eyesore for potential tenants. Staying on top of maintenance is imperative. Prospective tenants will want to see that items like parking lots, signs, roofs, and landscaping are kept in good condition. View the overall look of the commercial property you’re considering purchasing. The right conditions could entice brand-name tenants.
  4. The leasing process is seamless – Getting hung up on paperwork and lack of communication turns away many tenants. Investment properties that have a simple method for leasing are much more enticing. Choose to work with a property management company like The Estes Group, to step in and make the leasing process seamless.

Choose Mississippi’s Preferred Investment Property Broker – The Estes Group

Look at more than the property metrics, and examine what drives those metrics when considering investment real estate. The Estes Group team keeps its ear to the ground on all commercial properties in Mississippi, Alabama, Tennessee, and Louisiana. We have the experience and knowledge to find you the types of investments you want for your financial goals. We strive to help our clients reach the level of success they want.

Call us at 601-362-9633 or contact us online to discuss your real estate goals with our knowledgeable and experienced investment property brokers. We’ll help you research, choose, and purchase a commercial investment property that delivers the best return on investment.