Search for any commercial property nationwide to find the info you need.
Whether you’re buying property, mediating the sale, or servicing a property, commercial property search can help you find information on a particular property and search for properties that fit your criteria. The more information you have on a property, the more informed decisions you can make.
The world of commercial real estate is wide and encompasses everything except single-family residences. While this might seem daunting to search through, you no longer have to spend valuable time taking trips to your local county recorder, clerk, or assessor’s office in order to perform a property search. You can now search for any commercial property record nationwide with speed and ease. We’ll explore how technology can streamline your search process for better efficiency and more informed decisions.
Ready to take back your commercial property search process? Read on below:
- Search by Location
- Search by Asset Type
- Search by Building Characteristics
- Search by Sales History
- Search by Debt History
- Search by Owner Name
- Search by Map
Traditionally, when searching for property to purchase, buyers look for properties on the market that are being actively advertised as “for sale.” An off-market property search opens up new opportunities. Reonomy gives you access to 53 million off-market properties, so you can identify those that are best suited to your needs. Then, you can view their respective contact information to reach out directly and potentially make a deal.
There are many benefits of off-market opportunities for sellers, including…
- Saving money because there’s no commission to a broker.
- Receiving money faster. Instead of waiting for a broker to put together an Offer Memorandum, the seller can simply share the financials and current rent roll.
- Saving time on property tours and qualifying buyers.
- Easier deal-making
For buyers, the benefits are equally valid. You can…
- Save money. You’re not involved in an auction-type process where the broker is doing their job of finding the highest paying buyer who will close. Instead, you are working directly with the owner and getting a fair price that hasn’t increased in price artificially by other buyers.
- Create better financing opportunities. By working directly with the owner you learn their pain points and what they want out of the deal. This gives more flexibility to match both parties end goals.
- Close faster.
Below are examples of how to conduct an off-market commercial property search on Reonomy:
Search for target properties based on your desired location. Use the geographic search most relevant to your objectives including:
- Search properties by street address
- Search properties by zip code
- Search properties by county
- Search properties by city
- Search properties by state
Most users will begin their location search at the state level and filter down their search based on more granular criteria. Alternatively, you can also scroll through the interactive map to areas that are within your focus. Click on available parcels to locate commercial properties.
Tailor your commercial property search for the asset class of your liking. Common asset type searches include: Increase granularity by searching via subcategories. Refine a multifamily property type search by choosing sub-categories such as apartment buildings (5+units), duplexes or mobile home parks. Search various different asset types, including:
Refine your commercial property search by searching for properties that meet certain characteristics. The Building & Lot tab contains seven different search options, including:
- Year Built
- Year Renovated
- Lot Size
- Lot Acreage
- Total Units
- Building Area
Search for properties that meet your search criteria for sales date and sales amount. Optimize searches by adjusting the range of these categories. Property sales history searches aide in identifying properties with the potential to sell soon, as well as identifying property owners that have purchased or sold within a particular period.
Search for target properties that meet your debt criteria. Perform debt-based property lookups with the following debt filters:
- Lender – Searches can be filtered by which institution lent the money for the current debt on the property.
- Mortgage Origination – The date on which the current loan was taken out for the property.
- Most Recent Loan Amount – The amount of a loan in comparison to the value of the asset in totality.
- Maturity Date – The date in which the principal amount of a loan becomes due. This is something investors look for because it means the date the property needs to refinance or sell.
Searching by Owner Name through Reonomy enables you to get to the decision maker for a property directly and quickly. A property owner search allows you to find the contact details of a property owner, the ownership portfolio and ownership history.
Reonomy offers an easy-to-use map tool that’s integrated with Google Maps for a streamlined user experience. There are multiple ways to generate a search using the map. First is by Zoom & Lateral Movement. As you scroll and zoom in the Reonomy map, it will automatically update with the commercial properties available in that location:
You can also search by using the Radius tool to conduct searches. This will automatically create a radius based on the area you click on within the map:
You can also utilize the Draw tool. Similar to the Radius tool, you can select an area to search for property, but in a customizable way with drag-and-drop functionality:
Finally, you can search by parcel. A parcel is the land unit that a commercial asset is assigned to. Parcel searches can be performed by looking up a particular parcel ID or searching interactively on the map. Within the map, unique parcels can be identified and clicked through. A parcel search is traditionally performed by individuals that don’t have an exact property in mind, and instead are looking in a particular area.
After you’ve narrowed down the property you’re interested in, Reonomy makes it easy to perform more strategic commercial property searches for better analysis.
Property Owner Search
Once you’ve found a property you’re interested in, you can unlock a comprehensive collection of ownership records and property titles. Searching for a property owner through Reonomy enables you to get to the decision maker for a property directly and quickly. Property ownership records help to infer the intent of the current owner. If the owner is looking to sell despite owning for a short period of time, prioritization may be placed to increase the speed of sale.
Ownership records also reveal the last sale value. Through knowing what the current owner paid, you can better evaluate what they expect to be paid for the property for it to sell. Understanding the intent of the current owner allows for a scenario whereby meeting their needs you can also benefit yours. Owner records go beyond the reported owning entity/LLC to deliver contact information including:
- Owner Name
- Owner Email
- Owner Mailing Address
- Owner Phone Number
This is valuable information for many parties. It saves significant time spent finding the right person to contact, and in making contact.
Another way to search a property’s record search is through the address. This type of search is performed by individuals involved in the transaction of a property looking to conduct due diligence. When performing due diligence on a property, there is a range of property records that are relevant. These are not limited to but include:
- Property Sales Records
- Property Tax Records
- Property Ownership Records
- Property Debt Record
Property Value Search
If you’re an appraiser, buyer, or seller, there are multiple ways to analyze a property’s value with Reonomy. One method is by looking at a property’s sales history under the property’s Sales tab. Recent sales prices will provide a baseline for how much a property might be worth.
You can also use a property’s Tax tab to see records on assessed values, market values, and current tax amounts.
Finally, you can find other comparable properties to help determine your property’s value. By viewing properties that are similar in location, asset class, size, or tax history, you can gauge the value or your targeted property and potentially find opportunities similar to the one you’ve discovered.
Opportunity Zone Search
If you’re interested in searching for property within a certain Opportunity Zone, use Reonomy’s map feature to search any of the 8,762 Opportunity Zones in the country. Before doing so, you need to know the specific area of an Opportunity Zone—read our article, here, to learn how to do this.
Once you know the area of a particular Opportunity Zone, you can use the Draw tool to draw borders around that area in the Reonomy map and find information on the properties within.
Property Mortgage Search
Analyzing mortgage information can help reveal other properties likely to sell or in need of debt refinancing. Once you’ve clicked into a specific property, choose the Debt tab to review origination and maturity dates, lender names, mortgage amounts, and more.
From there, click the Ownership tab to reveal portfolio information to examine potential loan consolidation. Searching for property information through Reonomy allows mortgage professionals to identify viable opportunities with new owners and lenders.
Property Lien Search
You can also use Reonomy to conduct a property lien search and determine which properties might be under financial distress. Using owner information sourced from the platform, you can contact your county clerk’s office to determine if there are any tax liens on a property.
Export Property Lists
Perform any of the searches above to generate lists of target properties. Effective property lists are highly targeted and relevant to your acquisition targets. With Reonomy, you can create an effective lead list of properties in three easy steps:
- Run a tailored search for property owners, filtered by the characteristics of the properties they own.
- Save the results of the search and bulk label appropriately.
- Export the results into a CSV file.
High quality, relevant, property lists serve as a valuable tool to prospect potential acquisitions. Property lists include property owners contact details that allow you to reach out to explore the opportunity further.