Real Estate Business Essay

Description

Submit your HW as an uploaded MS world file using the upload template below. Put the answer questions as headings to your answers.

Go to Loopnet.com to see currently for sale commercial (i.e. non-residential properties) for sale in the Omaha Market.

Part 1:

Choose a property that your feel is currently being sold as its highest and best use and summarize the property’s characteristics in half a page including a picture, its asking price and listing descriptions of key property features

Justify your conclusion that is being sold at it’s highest and best use based on:

A) Zoning regulations: What are the limitations and/or potential of this property based on zoning data from either the Douglas or Sarpy County government websites (you need to find where zoning info is located there). Here are some weblinks to these to get you started: 1) https://gis.douglascounty-ne.gov) Links to an external site.2) http://www.dcassessor.org/gis-mapping 3) https://gis.sarpy.com Links to an external site.4) http://mapacog.org/Links to an external site.

Include a map of the zoning classifications around the properties. Include detailed zoning classifications (don just say industrial or residential 4here are much more detailed sub-zoning classifications.

B) Its current use and values (both recent sale prices and assessed tax value both in total and on a square foot basis)

C)Nearby activities of neighbors (i.e. economic feasibility). List a few of the properties (what they are and what they are valued at). You must show these properties on a map and also show pictures of them and also describe compare their assessed tax values (both total and on a square foot basis) with those of your subject property

D) Physical characteristics of the property (are there any limitation or particular advantages?). Make sure this answer is at least half a page long and includes lots of specific details.

Part II

Choose a property that your feel is NOT currently being sold as its highest and best use and summarize the property’s characteristics in half a page including a picture, its asking price and listing descriptions of key property features. Repeat all of the above analyses (A through D) for this property

Explanation & Answer:

1 Discussion

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