Frequently Asked Questions

Commercial real estate is any property that is used for business purposes. It includes office buildings, retail stores, warehouses, industrial facilities, and apartment complexes. Whereas residential is used for personal living spaces, commercial is intended to generate a profit. Whether you are looking to buy, sell, or lease a commercial property, understanding the market dynamics and having the right guidance is crucial for success.

When buying commercial property in Oklahoma, there are several key factors to consider:

1. Location: The location of the property is crucial. Look for areas with high foot traffic, good accessibility, and proximity to other businesses and amenities.

2. Property Condition: Assess the current state of the property. Check for any needed repairs or renovations and factor these into your budget.

3. Market Trends: Stay informed about local market trends. Understanding the current demand and supply in Oklahoma can help you make a more informed decision.

4. Zoning Laws: Ensure the property is zoned for your intended use. Familiarize yourself with local zoning laws and regulations.

5. Potential for ROI: Consider the property’s potential for return on investment. Evaluate rental income prospects and potential for property value appreciation.

6. Financials: Analyze the financial aspects, including property taxes, insurance, and maintenance costs. Ensure you have a clear understanding of all expenses involved.

7. Expert Advice: Consult with a commercial real estate expert who knows the Oklahoma market. Their insights can be invaluable in making the right choice.

By keeping these factors in mind, you can make a well-informed decision and invest wisely in Oklahoma’s commercial real estate market.

Evaluating a commercial property’s value involves a thorough Comparative Market Analysis (CMA). We compare your property with similar recently sold and currently listed properties in the area. Key factors include:

• Market Conditions: Understanding broader market trends affecting property values.
• Unique Features: Assessing your property’s specific characteristics against the competition.
• Timeframe Strategies: Aligning pricing with your desired selling timeline, whether for a quick sale or waiting for the right buyer.
  
  Download our eBook for more details
  

We always begin our process with an in-depth Competitive Market Analysis meeting. The initial conversation (in-person or virtual) helps us understand your unique situation and align all of our expectations. 

After referencing our comprehensive market research, we craft a tailored strategy to find the best property or buyer for your needs. 

We pride ourselves in creating a commercial real estate experience that is efficient and genuinely enjoyable.

Whether you want to move fast or wait for the perfect property, Bois Commercial Real Estate will design our strategy to meet your needs. Our clients with aggressive goals have the fastest turn around usually 2-3 months but faster with exceptions.

For those looking for an ideal strategy to achieve success in 3 to 6 months. For the no-rush clients who purely want the best deal success is usually achieved in 12+ months. On average, our commercial property transactions take three to six months. 

We have successfully helped our clients with commercial properties in the following categories:

• Industrial
• Flex
• Retail
• Office
• Mixed Use
• Commercial land
• Specialty
• properties

Yes, we can help with financing. 

In fact, Bois Commercial Real Estate often helps connect our clients with local and national resources to get the best financing and tax benefits possible.

No. You don’t need financing in advance like you may when looking for residential properties. We can estimate your purchasing power by considering the cash you have to put down. 

As a standard, you should have cash to put down 20% of the purchase price. Having financing in place helps us to understand your budget better, but if you have an understanding of what you can afford monthly, we can look while you dial in your financing. 

We can help you find the right property while you secure financing.

Commercial property sales and leases can be much more complex than residential.

In short, Legal and Contractual Implications, Marketing Standards and Databases, Negotiation Standards, Inspection Process and Survey Requirements

The Commercial Process could best be described as the wild west. While Residential Real Estate is closely controlled with consumer protections.

Steer clear of Residential Specialists or “Hybrids” when selling, buying, or leasing commercial real estate. Your business deserves a thriving gunslinger to navigate the wild west.

Our commercial team provides in-depth location analyses backed by a deep understanding of commercial real estate specific requirements like zoning, surveys, and environmental implications. This expertise ensures you only explore properties suited to your business needs.

Commercial real estate professionals must also be able to carefully manage an intricate legal and regulatory compliance landscape beyond the scope of residential real estate.

Overall, the databases used by commercial and residential real estate agents are different. Much like a home buyer would not look for a house on the commercial database, a business owner would not look on the residential database to find a commercial property.  

When you choose to work with Bois, you become a client and a trusted partner in our process. As we create a custom-tailored strategy to meet your unique circumstances, you can appreciate how Bois will go beyond saving you time and money to offer you a streamlined experience that’s valuable in every way. 

We believe that the perfect approach meets you where you are, matching the speed you expect while maximizing your property’s value.

Our commitment to transparency ensures no hidden costs, so your Bois team member will explain any fees associated with your upcoming purchase, sale, or lease in our first meeting and before accepting or making any offers. That said, we’ve found that over the past four years, our clients overwhelmingly made more money by working with our team.

Our proven process begins with a competitive market analysis. This analysis helps us understand your goals and what you’re looking for. We affectionately call this your “Greed Factor.” It helps us understand your financial needs and timeline so that we can accurately represent your needs.

Armed with these key details, we craft a tailored strategy. The excitement begins with your approval, signifying our clear alignment in expectations.

We’re proud to be known for our aggressive approach. Our offer-making strategy expands your options within your financial constraints, saving you time and money but, more importantly, getting you closer to accomplishing your mission.

With more than a decade of experience in Oklahoma City, our deep understanding of the market equips us with the best negotiation skills to make these offers work and secure the right space for you. 

The MLS is a residential real estate database. Other commercial real estate listing databases are much more active for commercial properties.

Dual agents attempting to represent both Residential and Commercial Real Estate clients unintentionally or selfishly expose their clients to increased legal risk while providing a substandard shotgun approach to marketing.

In today’s digital environment, centralized residential marketing platforms like the MLS are tightly controlled by centralized boards enforcing strict controls.

These controls offer added exposure to sellers and buyers, who are largely represented by inexperienced residential agents that do not understand the legal implications or market standards for navigating a successful transaction in commercial real estate.

This leads to added complications in the sales process and consistent misrepresentations of expectations.

When we kick off the launch of your property sale, we deploy our strategic marketing approach tailored to your unique listing and objectives.

With this plan, we ensure you connect with and engage the ideal audience for your commercial listing.

We do not offer property management services. However, we would be happy to provide you with a partner recommendation.

We will never sell your information and follow strict data practices to protect your privacy, including encryption, non-disclosure, limited access, and compliance with data protection laws. Your information is safe with us.