property value: What Is Your Commercial Building Worth? - 06/23/11 01:42 PM
I've been asking this question of clients and prospects lately and here are some of the answers I've gotten. 
 1. "about ½ of what I paid for it."
2. "less than I owe."
3. "Well, I paid $1.5 million for it so I have to get at least that much."
4. "At a 6% cap rate it's worth $2 million."
 The first 2 are probably pretty accurate in our market, and suggest a sense of helplessness and resignation.  The third response is almost certainly rooted in denial, and the 4th may or may not be anywhere close to accurate. 
 It is … (0 comments)

property value: I hate being right sometimes - 05/11/11 10:11 AM
This is the lead-in for a client newsletter item I wrote in November 2008.  Reading it now, I remember how disappointed I was with my conclusions.  Commercial roperty values and investment opportunities certainly have changed.  I wish I had been less right in my forecast...
November 22, 2008
 Dear                    ;
 In the next few years, it is likely that more property owners will go broke and more will get wealthy than in any similar period in recent history.  The challenge is to make the right decisions to stay out of the former group, and squarely in the latter.
 
Commercial property values … (0 comments)

 
Dan Mincher, CCIM, Sacramento Commercial Real Estate (The Vollman Company, Inc.)

Dan Mincher, CCIM

Sacramento Commercial Real Estate

Sacramento, CA

More about me…

The Vollman Company, Inc.

Address: 1900 Point West Way, Suite 161, Sacramento, CA, 95815

Office: 9169292000 X224

Mobile: (916) 833-3763

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