Las Vegas Commercial Real Estate

It has been long time ago when I saw last time so many single family homes for less than $100 per sq. foot. Last time I saw similar prices was in 2001. After that prices in Las Vegas skyrocketed to over $200/sq. foot.
If you look at current rents $1,200-$1,400 per sq. foot and possibility to […]

I am seeing more and more commercial real estate listings with 9% CAP. Comparing to situation about year ago where most of the stuff was 6-7% now I am getting tons of 8-9% listings.
When investors see they can get 5-6% interest rate on saving accounts it would be hard sell to buy real estate […]

I am amazed how expensive commercial real estate become in Las Vegas during the last three years. When I was purchasing office buildings as an investment in 2003 I paid about $100-$120 per sq. foot. Residential was booming and got quickly from around $100 to $200.
Now we have year 2007. Residential is cooling […]

18 units apartment bldg., brick, 6 Efficiency, 12×1BR, central heat in Cleveland, OH 44102. CAP rate 8.34%. Assumable loan with 5.5% interest. Amount of downpayment is unknown to me at this moment. Property was found in Loopnet.com

Sometimes I come accross interesting deals. Like this one Melber, LA post office for sale. Sales price is only $52,500 and CAP rate is huge 9%. Unfortunately there are no photos. Does anyone knows the area?