Guide to Commercial Real Estate in Alabama

Commercial real estate in Alabama can be a profitable investment venture. Commercial real estate properties have the potential to make considerably more income than an outgoing mortgage loan expense. However, before investing in Alabama commercial property for sale, it is important to conduct a commercial property analysis.

If you have never invested in Alabama office space or commercial land, obtain the services of reputable Alabama commercial real estate firms. Commercial real estate agencies in Alabama have experienced Realtors with the knowledge to guide you through the intricacies of a successful commercial real estate transaction.

Before purchasing Alabama real estate commercial properties, be sure to spend time researching the following:

1. Where is the best location to invest in properties purchased from AL commercial real estate firms?
2. What type of Alabama commercial property is a good fit for your finances, time, skills and investment portfolio?
3. What is the estimated income generated from an Alabama office rental or Alabama office lease?
   

Action Steps
The best contacts and resources to help you get it done

Purchase commercial real estate in Alabama located in areas of economic growth

The saying "location, location, location" is key for commercial real estate property investments. Where the commercial real estate property is located will directly affect the property's income. Research the commercial real estate property's accessibility to major roads, area crime statistics, neighborhood appearance and local economic growth.

I recommend: Research properties conveniently located near major interstates at Century Retail Corp. Get detailed reports on the Birmingham commercial market at EGS Commercial Real Estate, Inc. Search for properties by city and area of town at The Barber Companies.

Invest in Alabama commercial real estate that best matches your available resources

There are several different types of commercial real estate property types: hospitality, industrial, office, retail, multi-family and land. When determining what type of commercial real estate property to purchase, evaluate your available resources, including your skills, abilities, time and finances. You may have the money to purchase a large retail property, but don't have the time to work with dozens of tenants; so analyze your resources before making an Alabama commercial real estate purchase.

I recommend: Search for industrial, land, office and investment commercial properties at The Drummond Group, Inc., a full-service Alabama commercial real estate firm located in Mobile. Purchase office, industrial, retail or land commercial properties in Birmingham and Huntsville at Graham & Company, LLC. Carter provides property and facility management services for commercial investors who don't have time to work with tenants.

Buy commercial real estate in AL that will generate a high return on investment

Carefully calculate the amount of money you project to make each month from your commercial properties Alabama investment. Keep in mind that in order to turn a profit, you will need to make more from tenants than your monthly mortgage payment. Analyze other nearby commercial real estate properties to determine their success in renting space and retaining tenants.

I recommend: Get good deals on commercial investment and recreational properties at auctions through Albert Burney, Inc. Research commercial investment opportunities at Triad Properties Corporation, a commercial real estate agency in Alabama based in Hunstville.

Tips & Tactics
Helpful advice for making the most of this Guide

• Commercial real estate in Alabama is expensive, especially considering the large down payment usually required, closing costs and insurance fees. Don't forget to plan for property taxes, which can add thousands of dollars to your expenses depending on the city and state tax codes. Research local tax incentives and estimate your annual taxes before purchasing property from Alabama commercial developers.
• To maximize your profits, purchase foreclosed commercial real estate in Alabama, which is usually sold below market price. Before purchasing foreclosed commercial properties, make sure the properties are structurally sound and well maintained.

The official source of Commercial Real Estate in Alabama is
the Commercial Real Estate in Alabama page at Business.com