All Forum Posts by: Dimitra Manou

Adjacent to major highways and mere minutes from downtown, this meticulously curated land portfolio presents an unparalleled opportunity for strategic development. With a focus on prime accessibility and optimal location, these parcels are primed for SF, townhomes or mixed-use projects that promise substantial returns.

Serious inquiries only. Let's discuss how these strategically positioned assets can elevate your portfolio and drive lasting success!

Quote from @Kenneth Bell:

@Dimitra Manou

Do you know the resources and due diligence needed to develop a large parcel of land? Please make sure you understand how to evaluate land before you buy. I develop for a living and it is easy to buy a piece of land and pay too much because of the cost to develop it. Land is worth what can be put on it. If you cannot make and accurate assessment of what will fit on the property than you cannot make a proper evaluation of value.

 Thank you for the infomation, Kenneth.

I'm partnering with a land developer who has 20 years successful experience in this industry.

Furthermore, he knows the head of the county, engineers and many others.

The properties are way below market value.

With that said, there is almost no room for mistakes. 

Thanks though. Land developing can be hard and it's not for everyone.

Quote from @Sina Haron:

Hello Bigger Pockets Community,

I'm an investor with experience in commercial and industrial spaces, now moving into residential land development in Georgia and the Carolinas, focusing on large tracts up to 100 acres. I'm seeking insights and guidance from professionals with expertise in residential development.

I'm looking to understand the essential evaluation parameters for residential development opportunities and learn about efficient quick & dirty underwriting.

If you have relevant experience or knowledge, please reach out.

I am open to potential collaborations.

Thanks!

 I have large tracks of land in Alabama and NC.

I DM you. 

Land development opportunities in highly desirable areas!

Above 50 acres.

They can be bought separately or as a portfolio with a big discount!

If you are interested in learning more let me know :)

Current Cap: 8.70%

Year build: 1986

Class C

NOI $147,956

Occupancy 93.75 %

Asking $1,700,000

Current Gross income per rent roll is 5.8 MIL . Vacancy rate is at 6.71%

Additional $425,000 Gross Income can be achieved by leasing this remaining 17,000 SF . There is huge demand for vacant space in the area.

+ Redevelopment of parking space

Quote from @Benjamin Krebs:

Quote from @Dimitra Manou:

Current Income:Gross yearly Income: $590,400

Expenses: $130,207.60

NOI: $460,192.40

Cap rate: 8%

Proforma:Gross yearly Income: $775,687

Expenses: $190,607

NOI: $585,080

Cap rate: 9.46%

Unit Mix:

33 – One beds one bath

5 – Two beds one bath

1 – Retail store 

 What kind of terms are they offering for the seller financing? Money down and interest rate?

Quote from @Amin Akhmadi:

I'm interested. The Price should be 5,750,000$

 Message sent!

Quote from @Branden Rivero:

Hey what is the sales price?

 Hey Branden! It's $6,300,000

Current Income:Gross yearly Income: $590,400

Expenses: $130,207.60

NOI: $460,192.40

Cap rate: 8%

Proforma:Gross yearly Income: $775,687

Expenses: $190,607

NOI: $585,080

Cap rate: 9.46%

Unit Mix:

33 – One beds one bath

5 – Two beds one bath

1 – Retail store