Finding information on properties can be difficult without the right tools. Manual records are tough to track down, let alone source through. Luckily, commercial real estate technology like Reonomy makes it easy to find information on a property and dive deep into granular details to better determine if it’s worth pursuing.
Below, we outline how you can find information on a property with Reonomy and what kind of details you can explore. Read on to learn more.
Finding Information on a Property with Reonomy
With the results from your filtered search in Reonomy, you can begin to dive in much further and analyze properties individually. Your analysis can help you see exactly how well various properties fit into your needs and help you decide which property owners to contact.
You can analyze your list of filtered properties by viewing their individual profile pages. To open a property profile within your current tab, simply click the address of the property as it appears in your filtered list.
To open the profile in a new tab, click the arrow in the top right corner of the preview card.
There are six tabs on every property profile page that you can use to analyze a prospect property. Those tabs include Building & Lot, Ownership, Tenants, Sales, Debt, and Tax.
Within each of those tabs, you can find very specific pieces of information on your target properties.
To better navigate these tabs, we’re going to show you:
- How to find property-level information →
- How to find the owner of a property →
- How to find the tenant of a property →
- How to find the sales history of a property →
- How to find the debt history of a property →
- How to find the tax history of a property →
How to find property-level information:
Whenever you click into a property profile page, you’ll be taken straight to the Building & Lot tab. This is where you’ll find all property-level information to analyze a property’s physical layout.
There are three sections within this tab – Lot, Building, and Location. Within the Lot section, you’ll see Asset type (also known as land use), lot area (in both square footage and acreage), Zoning, Depth, and Frontage – in other words, all of the information surrounding the land itself.
The Building section shows you the size and age of the building(s) that exists on the property. Here, you can find information like Year Built, Year Renovated, Stories, Number of Buildings, Building Area, Total Units, and more. Whereas the Lot section shows you land-level information, this section shows you building-level information.
The Location section is where you can find the municipality to which the property belongs, along with a legal description of the property, as it is represented within its municipality.
How to find the owner of a property:
In order to see the owner of a property, you can visit the Ownership tab of a property profile page. Upon entering the Ownership tab, you’ll see the reported owner of the property.
If you do decide that the property at-hand is one worth contacting, you can also click the “Get Contact Information” button to get phone numbers, email and mailing addresses for the reported property owner, to reach out directly to them.
How to find the tenant of a property:
If you’re interested in tenant-related information, click on the Tenant tab. This will bring up everything you need to know regarding the commercial tenants that currently occupy the property, if applicable.
This includes the business name, type of tenant, and type of location, such as HQ or brand. It also includes granular contact information for you to leverage in outreach.
How to find the sales history of a property:
To see the sales history of a property, simply go into the Sales tab of its profile page. Here, you’ll be able to see all recorded sales on that property, including the sale execution date, the sale recorded date, the buyer, the seller, sale price, sale price per square foot, transaction type, document type, and more.
You can also see other information like whether the sale was an all-cash purchase, if the property was foreclosed, and whether it was part of a multi-property sale. In the case of a multi-property sale, you can even click to see all of the other properties that were involved in that purchase.
How to find the debt history of a property:
To see the debt history of a property, visit the Debt tab of that property’s profile page. This tab is presented in a very similar fashion to that of sale history, showing you all recorded mortgages on that property.
Here, you can see the origination and maturity dates of each mortgage, as well as the lender and amount of the mortgage. You can also see more detailed information such as the mortgage type, interest rate, interest type, whether it was a refinance, whether it was a construction loan, and whether there are crossed-debt properties.
Additionally, if the property is in pre-foreclosure or financial distress, you’ll find that information here too. The debt section houses all pre-foreclosure information, including trustee name, auction date, and pre-foreclosure status when applicable.
How to find tax information on a property:
To see relevant tax information on a property, you can go into the Tax tab of a property’s profile page. This section shows the most recently reported year’s tax data, including a property’s total assessed value, assessed land value, assessed improvement value, total market value, land market value, improvements market value, and tax amount.
Combine the information on the Tax tab with that of the Sales and Debt tabs to get a full-scope understanding of a property’s financial and transactional history, as well as a better idea of its current such standing.
Combined, all of these tabs provide the necessary intel for you to totally understand the past and present value of any commercial property in the U.S., and offer more certainty into whether you should pursue and contact the owner of that asset.