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How to Find a Diamond in the Rough When It Comes to Denver Commercial Real Estate


July 31, 2019

It’s no secret that the Denver commercial real estate market is competitive. Many properties are gone almost as soon as they’re listed, showing how hot the market continues to be. Clearly, it’s not just a matter of being able to wait it out for the perfect property, as it is still a seller’s market. But it is also wise not to simply jump at the opportunity to buy the first thing that comes across your plate, as you may end up with a property that is not worth its value. The best possible scenario is to locate a diamond in the rough, one that has been overlooked for a variety of reasons, but may still possess some serious upside. With that in mind, here is how to find a diamond in the rough in the Denver commercial real estate market.

Look for Properties in Less Competitive Areas

If you’re trying to find a diamond in the rough in the Denver commercial real estate market, it’s probably a bad idea to look at RINO, Capitol Hill, or the Highlands, as these areas remain incredibly attractive to investors. No matter how the national economy may be slowing down, certain parts of the Denver real estate market remain an extremely valuable commodity, one which plenty of investors still see the value in.

But if you’re looking for the property with the highest amount of upside and the potential to turn your investment into a serious cash cow, it’s a good idea to look in parts of the Denver metro area which most other people aren’t. Southwest Denver offers plenty of affordable properties but can come with other downsides, including having to renovate them and being located in higher crime and less desirable areas. However, the potential to reap the rewards of this type of investment is much greater and also less of a liability as opposed to many commercial real estate properties in other areas of the city. 

Consider Your Skills

Perhaps one of the best ways to maximize your commercial real estate investment is to have the skills or network necessary to flip a building and renovate it on the cheap. If you have to undergo serious renovations to your building but have to pay someone else to do it, you can kiss a large part of your investment goodbye. If it’s possible to do it yourself, you’ll thank yourself later. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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What to Look For in Denver Commercial Real Estate Property


July 24, 2019

The act of searching for your dream Denver commercial real estate property can be a tiresome and grueling process, as there are many places to look at and not enough time. Often, it can feel like a mad dash to locate the property which will meet your specific needs and financial requirements, and you can probably bank on there being someone else looking at the same property in the process. Before you set out on an endless search to locate your dream property, here are some things to look for when finding your perfect Denver commercial real estate property.

Location to Lightrail

Denver’s public transportation system has never been on the level of Chicago or New York, but in recent years RTD has made significant strides to improve the system. New light rail lines and stations have been added in the last few years, making it more easy and accessible for on-foot commuters to get from one part of the city to the other. This fact hasn’t only affected the transportation system as a whole, but it has also had profound impacts in the world of commercial real estate.

If your commercial property is located close to a light rail line, you can expect your property value to be much higher than similar properties. This is because foot traffic will be higher and the visibility of your building will be greater than other spots in the area. If you’re thinking about purchasing commercial real estate in the Denver area, it’s a great idea to look at its proximity to light rail stations, as well as proposed light rail lines. If you can purchase something prior to a light rail going in, expect serious returns on your investment down the line. 

What’s Nearby

If you have an idea in mind for what type of businesses you’d like to operate or rent to when you buy your property, it’s a good idea to get a sense of what is nearby and what the neighborhood is like. If you’re planning to rent or operate a coffee shop or brewery in your property, it’s a great idea to research the proximity of other similar businesses in the area, as you don’t want to overdo it. It’s a great idea to also find what holes exist in terms of the neighborhood, as you may be able to come in and fulfill this need. If a neighborhood needs more clothing stores instead of coffee shops, consider that when purchasing your property.

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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Here are Some Things to Look Out For in the Denver Commercial Real Estate Market This Summer


July 17, 2019

Summertime in Denver is nearly upon us and with it brings endless days of sunshine, outdoor activities, and all of the things we love about living in the state of Colorado. But summer time can also mean big changes for the Denver commercial real estate market, as you will experience many differences when it comes to competition and other economic factors as a result of more favorable weather. Summer time is a great period for vacations, hiking, and other recreational activities, but it also happens to be a great time for the commercial real estate market. With this in mind, here are some of the things to keep your eye on during the summer in the Denver commercial real estate market.

Expect More Offers, Overall Competition for Properties

During the winter months, many buyers stay away from looking at new spaces to purchase, as weather can detract someone from purchasing something. Not only is the thought of leaving the comfy confines of one’s home in favor of venturing out into the cold not a very ideal prospect for many people, but purchasing a property in the winter also means a person will have to deal with moving and renovating during a colder period of the calendar year. 

In the summer, not only does the weather heat up but the competition for commercial real estate properties does as well. Other buyers will be looking to take advantage of the warmer weather in the same way that you may be thinking about it. If you can, it’s best to begin your search before warmer weather hits to avoid having to compete with many other buyers, but summer can often be your only choice for various reasons.

Be Proactive With Your Search

When you’re thinking about purchasing a commercial real estate property in the mile high city during the summer months, it’s best to also be as proactive as possible when it comes to your search. Others may be willing to pull the trigger much faster because they sense that the competition is more intense, which means you should be as proactive as you can and get a jump on the property you are looking at. Don’t think you’ll have as much time as you need, as something might get snatched before you get the chance to make your offer. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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How to Search For Your Next Big Purchase in the Denver Commercial Real Estate Market


July 10, 2019

Are you hankering for your next big move in the Denver commercial real estate marketplace and you’re wondering how to go about finding it? You’ve undoubtedly scoured the internet, looking at all of the usual online suspects - all of the same places that your competition is inevitably also looking at as well. It can be a tiresome, grueling process to find a real gem hidden amidst many deals which offer much less potential for a serious return on your investment. If you’re wondering where to look to break up the search and find something off the beaten path, here are some helpful tips to keep your commercial real estate property search fresh.

Find Properties for Sale by Their Owner

You can always spend hours upon hours looking through the same websites you’ve been looking at, or you can try a new approach: find an owner selling their property directly to potential buyers. For sale by owner deals can offer you the potential of getting a much better deal, as these sellers might be able to offer you a discount since they won’t have to pay their broker a significant chunk of change in the process of selling the property. There are a few websites which specialize in this type of investment, including 4salebyowner.com and FSBO.com, websites which will allow buyers to communicate directly with the specific seller they will be working with.

Find a Trusted Broker Who Can Help You Through the Process

The act of finding your next preferred property in the Denver commercial real estate market can be a hassle and a half and may not always be worth the trouble of doing it yourself. If you’ve never purchased a commercial real estate property before, you may not have the slightest idea of what you are doing and are likely to make plenty of mistakes in the process, errors which can cost you dearly in financial terms.

If you’re considering buying a piece of commercial real estate, you will want to consult with a professional firm who can help guide you through the process of purchasing something. Sure, you can take the route of every other buyer and hope you land on the property you need, or you can simply make the smart decision to go to a broker and firm who can offer you expert advice where you need it most. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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Here’s What You Should Know About Getting a Loan for Denver Commercial Real Estate


July 2, 2019

When you’re looking to buy your next piece of the Denver commercial real estate market pie, it’s easy to overlook the loan process in favor of simply fantasizing about what your next big purchase will look like. Indeed, the process of purchasing commercial real estate is exciting and can make you feel like you’re progressing as a smart investor, but it also requires a certain amount of due diligence on your part. Not only do you need to check to make sure that the property you are purchasing checks out from a structural perspective, you also need to make sure that you can actually afford to purchase the property. Before getting too invested into any one property, here’s what you should know about getting a loan for Denver commercial real estate.

What Lenders Look For From Applicants

In order to secure your next big Denver commercial real estate purchase, you will want to make sure that you and your buyers qualify for a loan. Unless you’re lucky enough to have all of the money upfront to purchase the property, certainly a rarity in the business, you will need to seek a commercial real estate loan from a trusted financial institution. In order to make this a reality, you will have to have certain factors lined up.

These factors include things such as your company’s debt service coverage ratio, which is defined as your annual operating income divided by your total service debt needed for the loan. If your business does not have enough annual income to cover both the principal and interest with a certain amount leftover, it will be much more difficult for you to receive a loan. You will also need to have a handle on your personal finance situation, as lenders will look at your credit score and history to determine whether you are a trustworthy applicant. 

Lenders will not only just look at your financial situation, but they will also want to have more information about the property you will be purchasing. If a lender doesn’t value the property you are getting a loan for at the same rate as the seller is trying to sell it for, it will be much more difficult for you to convince the lender to give you the amount you seek, as they will view it as a liability. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We understand that the process of purchasing commercial real estate can be a daunting prospect, and we want to make it as easy and stress-free as possible. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 
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