Do you handle commercial real estate in Chesterfield, MI?
Yes, Steve Humes represents buyers and sellers in Chesterfield, Macomb County, and St. Clair County, including retail, office, industrial, and mixed-use properties.
What’s my commercial property worth in Macomb County?
Value depends on income, lease terms, condition, and comparable sales. We provide a valuation range using both income approach and market comps.
How do you price a commercial building?
We review NOI, rent roll, expense history, market rents, cap rate trends, and property condition—then position pricing to attract qualified buyers.
What is NOI and why does it matter?
NOI (Net Operating Income) is income after operating expenses (before debt). It’s a major driver of commercial valuation and cap rate pricing.
What cap rate should I use in Chesterfield, MI?
Cap rates vary by asset type, tenant quality, and condition. We use local comps and current buyer expectations to estimate a realistic range.
Do you sell multi-family properties like duplexes and 4-plexes?
Yes. We help clients buy and sell duplexes through small apartment buildings across Macomb–St. Clair.
What should I look for when buying a duplex or 4-unit?
Rent roll accuracy, leases, tenant payment history, maintenance, utilities structure, local rent comps, and realistic repair budgeting.
How do you verify rental income?
We review leases, deposits, payment history (when available), market rent comps, and expenses to validate in-place performance.
Should I buy multi-family with tenants in place?
Often yes, but only if leases and tenant quality support the income assumptions. We help evaluate tenant risk and rent stability.
What are the biggest risks in multi-family investing?
Deferred maintenance, vacancy/turnover costs, rent overestimation, poor expense tracking, and financing that kills cash flow.
Can you help with value-add investment opportunities?
Yes, when there’s real upside: operational improvements, unit upgrades, rent repositioning, or stabilized occupancy potential.
Do you help with SBA purchases for owner-users?
Yes—SBA can be a strong option for owner-occupied commercial properties. We coordinate timelines and contract terms to fit financing.
How long does a commercial transaction take?
It varies. Many deals take longer than residential due to due diligence, financing, and inspections—often 60–120 days depending on complexity.
What due diligence should I expect in a commercial purchase?
Financial review, lease review, property inspection, zoning/use checks, and sometimes environmental assessment—depending on property type.
What happens if the appraisal comes in low?
We assess options: renegotiate price, adjust terms, challenge assumptions, or restructure financing, based on deal viability.
Do you handle mixed-use properties?
Yes, mixed-use requires careful review of leases, zoning, and operating expenses. We help structure the deal around realistic income.
Can you sell commercial property off-market?
In certain cases, yes. Off-market can work when privacy matters or when a targeted buyer pool is more effective than broad exposure.
I want to buy investment property in Macomb–St. Clair—where do I start?
Start with goals (cash flow vs appreciation), target asset type, financing plan, and a clear buy box. We help you build criteria and source deals.
