Get The Scoop On How to Value Commercial Real Estate With Gary Smith

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How To Value Commercial Real Estate

By Gary L. Smith

Given enough time all real estate deals are profitable, however it is a known fact everyone loses money in real estate at some point. But in order to mitigate your risk, how do you determine how much to pay for a property?

How do you decide what a building is truly worth both in today’s market and at some point in the future?

 

How do you know what a property is really worth? 

There are basically three ways to evaluate real estate. The Sales Comparison method, commonly referred to as “comps” is primarily used in residential real estate. Basically you determine the value of one property in a given area by the sales of similar properties within a specific time frame, typically six months. 

Another approach to determining value is the Replacement Cost method. Whenever you use this approach you must find out how much does it costs, to build a brand new building with the same quality of materials, location, etcetera, as the one you’re buying.  It’s generally acceptable if your costs are lower than the cost to build new. 

Then there is the Capitalization method (CAP Rate). This method is used over 90 percent of the time when it comes to commercial real estate, because what you are buying is an income stream. By taking the income of a property and dividing it by the price you arrive at the Capitalization or CAP Rate. 

Another way of looking at cap rate is that if you were paying all cash for a property, then the cap rate is the actual return you’re receiving on your investment. Knowing the cap rate in a particular market or for a particular property type is critical to determining value. 

This column will focus on the Capitalization Method or what I like to call the Income Approach. The income approach to valuing a building is used to determine whether you can make money or not, before you even see the property. 

Get The Scoop On Bishop T. Cooper The Visionary Leader, Spiritual Guide, and Music Industry Trailblazer

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Family Harmony in the

Spotlight: Bishop T. Cooper

Visionary Leader, Spiritual Guide, and

Music Industry Trailblazer, Leads

Jet Records North/East with

Sons at the Helm

Left to Right: Jermaine Cooper, Bishop T. Cooper and Steve Cooper.

NEW JERSEY - Bishop T. Cooper, a revered figure in both the spiritual and music realms, continues to leave an indelible mark with his multifaceted roles.

As the Pastor of Palm Garden Holiness Church in New Jersey, the Presiding Bishop of the True Churches of the Living God Inc., and the Founder & CEO of Jet Records North/East, Bishop Cooper exemplifies a rare fusion of spiritual leadership and artistic innovation.

Bishop T. Cooper serves as the Pastor of the Palm Garden Holiness Church, where his inspirational teachings and compassionate guidance have touched the lives of many. His unwavering commitment to faith and community has made him a respected figure in the religious landscape.

In addition to his pastoral responsibilities, Bishop Cooper holds the esteemed title of Presiding Bishop of the True Churches of the Living God Inc. His visionary leadership has fostered unity and growth within the church community, making a profound impact on the spiritual journeys of countless individuals.

As the founder and CEO of Jet Records North/East, Bishop T. Cooper has seamlessly woven the tapestry of family into the fabric of the music industry.

Get The Scoop On Michelle Watson's Healthy Organic IngenuiTea™ Tea Products

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TEA ARTISAN MICHELLE WATSON LAUNCHES HEALTH OPTIMIZED ORGANIC TEA PRODUCTS INSPIRED BY
HER GREAT-GRANDMOTHER

Meet Michelle Watson, the founder and CEO of IngenuiTea, a Black-owned line of organic tea products. When her phone kept ringing, she was sure there was a problem.

But that buzz buzz buzzing was the sound of validation. This active-duty vet took a leap of faith to open a business during uncertain times.

The result? A nearly sold-out launch the very first day she opened her website’s virtual doors.

Michelle is the product of world travel. Her great-grandmother Anna was born and raised in Grenada which was a British colony at the time. Before later emigrating to Panama, Anna developed a deep love for English tea.

Her legacy and passion for good tea and spices were passed down to her children, their children, and future generations.

Checkout Michelle Watson's TeaTorial

 Video Series Below...

Get The Scoop On How Autistic Activist Aaliyah Alicia Thompson Looks To Help Single Parents Impacted BY Autism

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 Aaliyah Alicia Thompson School of Nails & Aaliyah Beauty Bar and 2023 McDonald's Change Leader, Awarded $10,000 at Afro Tech in Texas and Gives Back to Autism Community for the Holidays

Aaliyah, who is only 22 years old, is not only an entrepreneur but also the proud owner of the Aaliyah Alicia Thompson School of Nails & Aaliyah Beauty Bar.

She is dedicated to making a positive impact in her community.

And has a strong passion for advocacy.  As a result, she has taken concrete action to support families affected by autism.

At her school, she provides training to individuals on the Autism Spectrum, and at her salon, she employs people on the autism spectrum.

Checkout Aaliyah Alicia Thompson's Video

Get The Scoop On Sky Alton's Captivating Hit Show - "Everyday Amazing With Sky Alton!"

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Television Talk Show Host
Sky Alton, Producer of

"Everyday Amazing with Sky Alton," Making Waves on
Spotify and YouTube

Sky Alton, the dynamic television talk show host and self-made entrepreneur, is captivating audiences with his compelling show "Everyday Amazing with Sky Alton," now available on Spotify and YouTube.

Hailing from West Oakland, California, Alton's journey is one of resilience, determination, and an unwavering passion for storytelling.

In 2019, armed with nothing more than an idea and a dream, Sky Alton brought "Everyday Amazing with Sky Alton" to life. Since its inception, the show has flourished into a successful venture, resonating with viewers across different platforms.

Get The Scoop On Why Farmland Is a Good Investment For Black People

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Why Invest in Farmland?

By Gary L. Smith

Many African Americans have ties to farmland either through inheritance, or through some form of ancestral rights. Whenever the word “farmland” comes up most of us immediately envision images of dirt roads between fields of crops, with beautiful sunsets. But have you ever considered such an investment as a strategy for creating wealth?

You may be surprised to learn that investing in farmland may indeed offer the kind of stability and consistency you’ve been seeking. Farmland in the U.S. is highly fragmented, typically with family-owned farms passed down from generation to generation. These farms make up a large portion of the farmland market, and with these valuable assets controlled by multi-generational families, it’s exceptionally difficult to access (there’s that word again) the growth potential of farmland investing.

Access to information is the gap we have in understanding potential investment opportunities that are literally within our grasp. An investment in farmland is an effective strategy for hedging against inflation and volatile markets. In fact, farmland is known as a low volatility asset. With many assets as consumer prices rise with inflation, the value of the asset decreases. But with farmland, the value tends to rise right along with consumer prices.

As a non-correlated asset, farmland investors are not handcuffed to the uncertainty of the stock market. Regardless of the stability or instability of the current market, farmland can continue to produce income and rise in value. Since farmland has only become scarcer over the years, a trend that is likely to continue, capital appreciation will likely continue to grow as well.

The Holidays are rapidly approaching, so before you pass the turkey, and share gifts, share and pass this information along. This is a subject worth discussing if there is farmland in your family. Having said that, any potential investor should conduct their own due diligence first and seek out and consult with the most knowledgeable and experienced investment advisor you can get. For the best results, choose someone who specializes in farmland to gain the most from your investment (inheritance).

Checkout How The Group Fire - Ignites Our Holiday Spirit Dropping This Soulful Christmas EP: "The Gift"

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The Group Fire Ignites Holiday Spirit with Soulful Christmas EP, "The Gift"

The Group Fire Ignites Holiday Spirit with Soulful Christmas EP, "The Gift"

The Group Fire, acclaimed two-time #1 Gospel Billboard artists, have kindled the festive spirit with the release of their first-ever Christmas EP, "THE GIFT." See the video below to listen.

Comprising two sets of brothers – Terelle Cooper, Juwan Cooper, Justin Cooper, Tajohn Hill, and Al Hill – The Group Fire brings a harmonious blend of talent and infectious enthusiasm to unwrap a holiday gift for music lovers everywhere.

This six-track project, which hit the airwaves on November 3, 2023, has swiftly become a contender for the best stocking stuffer of 2023, offering a soulful blend of classic Christmas tunes that promise to stand the test of time.

As a departure from their usual gospel offerings, "The Gift" marks The Group Fire's fourth studio project and their inaugural venture into the realm of Christmas music.

The EP features beloved holiday classics such as "O Come All Ye Faithful, "This Christmas," "Mary Did You Know," "Give Love on Christmas Day," "Christmas Time is Here," and "Winter Wonderland," infused with The Group Fire's unique flavor that sets them apart in the holiday music landscape.

Listen To The Gift Video Below...

Get The Scoop On Electrifying Actress Kasia Trepagnier Adding Star Power to the UPcoming Louisiana Float During The 2024 Tournament of Roses Parade®

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Actress Kasia Trepagnier to Add Star Power to Louisiana Float During The 2024 Tournament of Roses Parade®, Capping Off a Year of
Film Festival Triumphs

Award-winning actress and producer Kasia Trepagnier, celebrated for her remarkable lead role in the critically acclaimed film "Mood," is set to add star power to Louisiana's float during the 135th Tournament of Roses Parade® in Pasadena, California, on January 1, 2024.

Fresh from the film festival circuit triumphs of "Mood," where the captivating actress played ten different personalities, the production has received an astounding ten laurels at prestigious film festivals worldwide.

Notable festivals include the Nashville Independent Filmmakers Festival, Black Film Fest ATL (BFF-ATL), Atlanta Movie Awards (both Spring and Summer editions), Urban Mediamakers Festival, Micheaux Film Festival, Oakland Film Festival, Gulf Coast Film and Video Festival, St. Louis Film Awards, and Vancouver Independent Moviemaker Awards.

The unprecedented recognition is a testament to the exceptional work of the entire "Mood" team, highlighting the talent of Kasia Trepagnier, the film's visionary director Anthony R. Page, and the dedicated crew.

"Mood" has captivated audiences with its thought-provoking storyline, powerful performances, and innovative cinematography. Trepagnier's portrayal of the film's complex and relatable character has garnered widespread praise, solidifying her position as a rising star in the world of cinema.

Get The Scoop On Why To Support Black Business IKNOW Skincare On Black Friday And Get UP To 30% Off With Their Platinum Deals

Help Us To continue to inform and empower our community Please Donate. Get The Scoop Weekly On the Global Black Community and Southeast Queens, NY. Subscribe to Our Mailing List.

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IKNOW Skincare Unveils Exclusive Black Friday Promotions: Elevate Your Skincare Experience with Transformative Discounts - 'A Must-Have' for Your Nighttime Regimen

Get ready for a skincare transformation as IKNOW Skincare Treatment Solutions unveils an exclusive Black Friday promotion for your nighttime regimen.

Enjoy a special 25% discount on their carefully curated trio of essential products that will elevate your nighttime skincare routine.

This transformative collection includes the hydrating R4 Nighttime Hydrating Cream, the rejuvenating Eyes Matter Instant Smoothing Eye Serum, and the game-changing Night Cap Retinol Moisturizing Cream.

Crafted to work synergistically, these products ensure your skin receives the nourishment and care it deserves while you sleep.

Each product in the collection is designed to work synergistically, ensuring your skin receives the nourishment and care it deserves while you sleep.

What sets these products apart is their focus on delivering tangible results. The R4 Nighttime Hydrating Cream ensures your skin wakes up refreshed and nourished, while the Eyes Matter Instant Smoothing Eye Serum tackles signs of fatigue and stress around the eyes. The Night Cap Retinol Moisturizing Cream, a true game-changer, contributes to a more youthful appearance by promoting skin renewal.

Get The Scoop On The Award Winning Multitalented Maestro Of Musical Brilliance Pastor Eric "EWill" Williams

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Eric "EWill" Williams: Maestro of Musical Brilliance for Fantasia, SWV, Jodeci, and Beyond - The Renaissance Pastor Orchestrating a Legacy of Musical Mastery

Eric "EWill" Williams is a remarkable and multifaceted individual who has made a significant impact in various fields, including as a pastor, musician, music director, author, and CEO.

His life and work are driven by a revolutionary and bold ("R&B") spirit, which transcends the conventional boundaries of his ministries.

Affectionately known as the "R&B Pastor," EWill is the visionary founder and pastor of Life Turning Point Ministries, a vibrant congregation located in Charlotte, North Carolina. His ministry is characterized by a profound belief in reaching out to people beyond the confines of traditional church, extending a welcoming and inclusive message that proclaims citizenship in the Kingdom of God as a birthright accessible to all.

Get The Scoop On How The Largest Black-Owned Law Firm in New Jersey Expands To 2 More States

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LARGEST ALL BLACK-OWNED

AND OPERATED LAW FIRM IN
NEW JERSEY EXPANDS,
ADDS OFFICES IN
TWO MORE STATES

SSW Law Group (SSW), a Black and woman-owned law firm based in Newark, New Jersey has added two new offices in New York and Pennsylvania and has expanded to form a national firm, merging to now include a team of nearly 40 employees. The law firm now offers extensive expertise in Real Estate/Economic Development, Education, Litigation, and Government Affairs.

“SSW believes the legal representation of urban communities across the nation should directly reflect their identity and values,” said Calvin Souder, Co-founder and Managing Member of the law firm. With this expansion, we are building an institution that is uniquely positioned to serve the all-encompassing needs of our neighbors in cities nationwide.”

In 2015, Calvin Souder, Esq., Khalifah Shabazz, Esq, and Kyana Woolridge, Esq. formed SSW which increased their capacity to respond to competitive contracts. The formation of their law firm provided the required profound talent to address the challenging needs of urban New Jersey. With this expansion, SSW Law Group will now have offices in Newark, Manhattan, and Philadelphia to better address the needs of their clients across the nation.