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contour investment properties: 85 Perry Street, Jackson, WY: Beautiful Bed & Breakfast for sale in Jackson Hole - 05/30/11 02:20 PM
Love the mountains? Love people? Come live the Jackson Hole lifestyle and run this beautiful bed & breakfast inn in downtown Jackson Hole, Wyoming! The Grand Victorian Lodge is a modern building with all the amenities needed to successfully compete. Jackson draws approximately 3,000,000 tourists per year to see Grand Teton and Yellowstone National Parks and to enjoy our bountiful wildlife, stunning mountains, and the fishing and rafting on the Snake River. 
Call for details and a tour of Jackson Hole! Come for a vacation...stay for a lifetime.
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contour investment properties: David Topples Two Goliaths - 03/27/11 07:36 PM
There are two very large real estate companies in Jackson Hole, and a host of smaller ones. Sotheby's International Realty, with some 119 licensed agents, loves to advertise their dominant market position, created, of course, by virtue of the number of agents in the office. The second largest firm, weighing in at around 88 agents, is Jackson Hole Real Estate Associates, and their advertising emphasizes that they are the largest locally owned real estate company. They both love to tout their international affiliations.
Contour Investment Properties has three agents in Jackson. And it turns out, it's not how big you are, … (6 comments)

contour investment properties: Jackson Hole: 115 West Broadway / Wort Plaza - 03/10/11 07:14 PM
This historic Jackson Hole building, formerly known as The Roundup, was sold on February 11, and the new owner has wasted no time renovating the building. The interior has been completely gutted, and with a lucky break in the weather, the roof was completely torn off yesterday. Everyone hopes the clear weather holds, since the new roof trusses don't arrive til next week. If not, they'll be shoveling snow off of those hardwood floors!
Tenant interest in the building has been strong, no doubt spurred on by two front page newspaper articles discussing the sale and renovation. This has been a … (5 comments)

contour investment properties: Jackson Hole: 115 West Broadway / The Roundup Building - 02/14/11 06:12 PM
It's the end of an era for this historic building in Jackson Hole, and the start of a new one. The Roundup building, as it has come to be known, was originally built in 1947 as a small retail store. In 1980, the original 1,750 square foot building was enlarged to over 12,000 square feet. The original structure was retained, and a new building was added on to the back of the first building.
One tenant occupied the building for the virtually all of its life: The Roundup. The Roundup sold cowboy boots and hats, and for the last 30 years, … (4 comments)

contour investment properties: Jackson Hole: 150 E Hansen / Akasha Yoga - 12/08/09 06:08 PM
Here's another tidbit of Jackson real estate history. This building is located on the corner of Willow and East Hansen in east Jackson, but it started life as a schoolhouse on West Broadway where New York Subs (another Jackson Hole favorite!) is now located.
After the schoolhouse was moved, the building was home to Wind River Herb Factory, and then was the home to The Yoga Room, operated by Margot Snowden. I took my first yoga class from Margot in this building in 2000, shortly after moving to Jackson from Dallas. Neesha Zollinger took over the yoga studio in 2005, renaming … (15 comments)

contour investment properties: Jackson Hole: 15 E Deloney / Jackson Drug Building - 11/29/09 08:50 PM
This iconic Jackson Hole building is right on the Town Square, and was home to Jackson Drug for decades. Generations of visitors to Jackson Hole remember getting an ice cream shake at the famed soda bar in the building. Built in 1932, the building has a stacked stone foundation, a basement, and two floors above ground. The ground floor was home to the soda fountain and Jackson Drug, and the second floor had an apartment that was home to many generations of ski bums.
When the druggists decided to retire in 2001, we brokered the lease of the building with a … (9 comments)

contour investment properties: Jackson Hole: New Office For Lease - 05/20/09 06:45 PM
690 South Highway, Jackson, WY
The building will be complete and ready for occupancy in September 2009. Designed by Steve Dynia, the building will be anchored by a family style Italian restaurant on the ground floor. The building offers tremendous natural light with floor to ceiling glass walls providing views to the south, east, and west.
There is a retail unit still available on the ground floor, providing a tenant maximum exposure to the corner of South Highway 89 and Meadowlark. On the second floor, available office suites range from 735 square feet to as large as 2,746 square feet. Lease … (3 comments)

contour investment properties: Jackson Hole: Richest County in the United States - 05/11/09 01:01 PM
The federal government recently released its annual rankings of the most affluent counties in the United States. There are two different reports, and both put Teton County, Wyoming at the top.
The first report is from the Internal Revenue Service, which uses the income reported on tax returns as their data source. The second report is the Bureau of Economic Analysis, which takes in data from a variety of sources, including the value of real estate. Both reports conclude that in 2007, Teton County was the wealthiest county in the United States, when measured on a per capita basis.
Manhattan (NYC), … (4 comments)

contour investment properties: Jackson Hole Retail Market April 2009 - 05/10/09 04:48 PM
The retail market in Jackson can be broadly defined as consisting of four areas: Town Square, Downtown Local Retail, Highway, and Strip Center. The market standard in Jackson is to quote retail rents on a NNN (triple net) basis, with the rental figures given as an annual amount per square foot. NNN expenses currently range from $3.00 to $7.00 per square foot per year, depending on the age and efficiency of the building.
Town Square
The Town Square submarket consists of those retail properties lining the Town Square, and those within a block of the Square along either Broadway, Cache Street, … (0 comments)

contour investment properties: Sushi in Wyoming? Right. - 05/10/09 01:55 PM
Really, there is.
I became a sushi connoisseur many years ago when I was dating a Japanese woman. My wife and I just returned from a visit to Seattle and Vancouver, where good sushi is abundant. Here in Wyoming, you have to look a little harder.
In Jackson Hole, I personally recommend Masa Sushi (in the ski village), Nikai Sushi on North Cache street, and Blu Kitchen on Glenwood. Masa is the most traditional, while Blu is locally famous for their French/Asian fusion inventions. All are simply outstanding! Try the truffle fries at Blue for an appetizer.
Call me if you … (10 comments)

contour investment properties: Six Year Old Tornado - 05/10/09 01:34 PM
My twin six year old nieces were here for a few days visiting, while their parents drove down to Denver to take in a Greatful Dead show and some well deserved vacation time. They all piled back in the car this morning and headed back to Montana.
I need a nap.
My father used to pat his belly and say "I look pretty good for a man who's had four children". He was careful to never say it within reach of my mother, and now I know why!
Happy Mother's Day to all you hardworking moms.
Tim Bradley is an owner … (4 comments)

contour investment properties: Highway Clean Up Day - 05/08/09 10:04 PM
Tomorrow is our Rotary-sponsored Highway Clean Up Day! Jackson Hole is an amazingly beautiful place, but you wouldn't always know it after the snow has melted and the sides of the highway are littered with a winter's worth of trash. Rotary organizes this annual event, and we get a great turnout from the town, with hundreds volunteering to pick up trash along the roadsides. We spend a morning picking up and bagging hundreds of garbage bags, then head for the Town Square for a hamburger cookout. The food's free, and the morning spent together in fellowship brings us all together once … (1 comments)

contour investment properties: Checking Commercial Tenant Creditworthiness - 05/08/09 05:54 PM
 
Do you check your tenant's credit before leasing?
You should. Besides following up on references, requiring a letter of credit or substantial security deposit, you can use credit reference companies to help vet your potential tenants. One such company is CreditNetworkSystem.com, and I'm sure there are many others. Checking for complaints with the Better Business Bureau is also a good idea.
Tim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as … (0 comments)

contour investment properties: Wyoming Property Tax Protest Procedure - 05/08/09 09:59 AM
 
If you own property in Wyoming, you should have received your property tax assessment recently. All property is valued by the assessor as of January 1 of each year, and the assessment is mailed to the property owners in March and April. If you disagree with the assessor's opinion of value, you have 30 days from the date of the postmark on the assessment to file a written statement with the County Assessor specifying the reasons you feel the property is incorrectly valued.
It is worth your while to look at the assessment closely, and to ask to see the … (3 comments)

contour investment properties: 10 Year Overview of Home Sales Volume in Jackson Hole, WY - 05/07/09 10:56 PM
Here's an overview of how house, condominium, and vacant lots sales have trended in Jackson Hole, WY for the past ten years.
We had a peak in the market in terms of the number of sales in 2005, and the market fell off a cliff in 2008. In another blog, I'll present the total dollar volume of these sales. So far, 2009 has remained very slow, with only a handful of closings. This summer will be a telling time in Jackson, as the summer and fall are historically the strongest time for real estate closings in Jackson.
Tim Bradley is an … (1 comments)

contour investment properties: Springtime Gardening in Wyoming - 04/19/09 07:18 PM
Photo taken by April 19, 2009 by Tim Bradley, all rights reserved and may not be reproduced without the express written permission of the photographer.
Tim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as well as the CCIM designation from the CCIM Institute.
Tim BradleyOwner/BrokerContour Investment Properties220 East BroadwayPO Box 1152Jackson, WY 83001(307) 733-6400www.contourproperties.com

  … (8 comments)

contour investment properties: Jackson Hole Property Taxes - 01/04/09 10:41 AM
Wyoming has a well deserved reputation for low taxes, having no state personal or corporate income tax, and having a very low property tax rate. Here's how to calculate property taxes in Jackson Hole (Teton county, Wyoming).
Property taxes are calculated by multiplying the mill levy by the assessed value, and the assesed value is equal to the market value times 9.5%. The mill levy is generally given as an amount per $1000 dollars of value, so before multiplying the levy by the assessed value, you should move the decimal point on the levy to the left by three places. Here's … (6 comments)

contour investment properties: Jackson Hole to Extend Housing Moratorium - 12/15/08 11:51 AM
Teton County commissioners intend to extend a moratorium on new housing developments in the county. The moratorium was enacted in May 2008 and is set to expire at the end of December, but will now likely be renewed until July 1, 2009 or when the new Jackson Hole/Teton County Comprehensive Plan is updated, whichever is sooner. The debate over whether to allow/encourage new development or close the door on increased population has long been contentious in Jackson Hole. For now, at least, the county government is leaning towards limiting development. That will tend to boost housing prices even further, as there … (0 comments)

contour investment properties: Ring the Bell for Salvation Army - 12/14/08 12:21 PM
Here's another project idea for your Rotary club. Every year our club mans the Salvation Army buckets at Thanksgiving and Christmas. The Salvation Army provides the buckets and bells, and club members sign up for one hour shifts to ring the bell. We ring the bell on Saturday and Sunday afternoons/evenings on the most popular shopping weekend days of the holidays. This season especially, the Salvation Army needs the help and funds.
Build goodwill and friendships,
Get your club involved - ring the bell!
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contour investment properties: Build More or Close The Door? - 12/13/08 10:22 PM
The Town of Jackson and surrounding county (Teton) have been struggling with growth issues for years. The raw beauty and recreational opportunities of our valley continue to attract more and more people, where housing is limited by the geography and the fact that 97% of the land in the county is owned by federal, state, or local government.
Demand for housing far exceeds supply, and prices long ago became unaffordable for those living paycheck to paycheck. The most common solutions proposed fall into two camps: Build More, and Close The Door.
Build More strategies include increasing building heights, increasing allowed densities … (6 comments)

 
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Tim Bradley, CCIM Jackson Hole, WY Commercial Real Estate

Jackson Hole, WY

More about me…

Contour Investment Properties

Address: 172 Center Street, Suite 200, P.O. Box 1152, Jackson, WY, 83001

Office Phone: (307) 733-6400

Email Me

Random musings by Tim, as well as a place to learn about the commercial real estate markets of Jackson Hole, Wyoming, presented by Contour Investment Properties


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