Can we lead with a pro tip? I don’t know if it’s the best strategy, but it’s too good not to share. And, we’re big on answering questions directly. No beating around the bush! So, we’re answering the question posed in the headline with our best pro tip on the subject:
What’s the best way to find commercial real estate?
(and a lot of them are FREE!)
We’re not trying to yell at anyone with the all-caps above; we just really think it’s great information. Aaron and Julia here. When networking and chatting with people about Residential to Commercial Academy, we actually hear that question a lot. Often enough that we thought it worth a little elaboration.
These days, there are several digital resources that can be effectively utilized to find commercial real estate for sale by owner (FSBO). So, if you’re looking to dip your toe into commercial real estate and aren’t sure where to start, keep reading because we’re going to explore how you can use listings and property intelligence to identify commercial real estate properties for sale by owner all. by. your. own. self.
Some great tools are:
Reonomy® Property Intelligence
While Reonomy is not a listing platform per se, it still offers more commercial FSBO opportunities than any other site on the web. It does require a subscription (unlike many listing platforms) but the program allows you to source your own properties and access owner contact information all in one place. Higher cost but higher reward; your call!
Hey, it’s not just for finding used cars and furniture for your kid’s dorm room. Craigslist can be used to search from several different asset types, narrowed down by price and location.
While it doesn’t offer as many listings as traditional residential or commercial real estate listing platforms, Craigslist is a great place to find a hidden treasure without having to face the competition.
Buildings By Owner
Buildings by Owner lists commercial properties for sale by owner in a variety of commercial real estate markets, including industrial, office, healthcare, senior housing, multi-family and retail. You can search for commercial real estate for sale by owner based on country, state and city to start narrowing down your search.
Also, you can condense your search to include a property of a specific price range or building size. The Buildings by Owner platform can also be used to search for commercial properties based on related, random keywords that might be found in the listing description or title.
And our favorite tool for finding commercial real estate?
LoopNet is one of the most popular listings platforms to find commercial real estate of any kind for sale. LoopNet has an expansive and impressive database of over 500,000 commercial listings, which can be searched for via smartphone and desktop. Easy-peasy!
While they do not directly offer FSBO listings, they do have owner-financed properties for sale, which can include many properties being sold by the owner themselves. This application offers free membership but does have a premium (paid) option as well that gives early access to new listings.
Find Your Favorite Resource and Go!
Are there other resources not on our list? Absolutely. From FSBO.com to Facebook, there are many, many tools to help in finding commercial real estate for sale. This list is just to highlight some of the ones we like best for ease of use and effectiveness.
You can literally REvolutionize your career by breaking into commercial real estate. Don’t know how to start? Check out our online academy, Residential to Commercial Academy! If you’re a residential real estate agent, you already have the licensing you need to start selling commercial real estate. If you’re a commercial agent looking for some help, this course is an amazingly helpful resource. Our online course will give you the tools you need to succeed! Our course will give you all the nuggets you need to make sure every property that you buy, sell, hold or invest in is lucrative and successful. We can’t wait to hear from you!