REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Property values increase by double digits

Across Bexar County many property owners are finding their land is more valuable this year as the notifications for the latest property appraisals are being sent out.

The total value for commercial properties across the city is up nearly 11 percent in 2017 compared to 2016, according to the Bexar County Appraisal District. The value of all commercial property across Bexar County during 2017 was $36.6 billion, up from $33.1 billion in 2016. About $1.1 billion in new commercial construction was added to the market over the past year. …Read Entire Post

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New downtown district could spur more urban redevelopment, San Antonio leaders say

Main Plaza

Main Plaza

San Antonio leaders are attempting to create a new Downtown National Register District. If they are successful, the payoff for prospective developers would be greater access to critical tax credits, which stakeholders expect will lead to increased redevelopment in the center city.

San Antonio’s Office of Historic Preservation contracted with Main Street Architects in June to help expand the range of historic downtown structures that could be considered eligible for state …Read Entire Post

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Bexar property values rise

increase_valueProperty values in Bexar County are up, with commercial real estate posting some of the biggest increases.  Overall, values in Bexar County — with about 648,000 properties — will rise about 5 percent.

Commercial properties will see the biggest spike, with about a 12 percent rise in values. Residential properties will see an approximately 2 percent bump.  That means many property owners will pay more in taxes, which means local school districts and governments will collect more from ad valorem taxes.

Still, even though the real estate market is rebounding, a number of areas are still seeing foreclosures — a factor the appraisal district uses to set property values — while other communities go mostly unscathed.

The double-digit jump for the commercial market was an expected outcome as it continues its rebound. Apartment buildings are at the top of the sector with values increasing about 20 percent.

“There’s still a significant amount of challenge in the market, especially in some pockets,” said Kim Gatley, a vice president at commercial real estate firm REOC San Antonio. “And definitely, property by property, there are issues that would mitigate the appraised increase. But overall, as the economy improves and leasing continues, the natural outcome is that it increases value.” …Read Entire Post

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Tax advantages of older properties

Let’s say you own a C corporation that needs to raise some cash and you’re considering the sale of a warehouse that has been depreciated to zero. But the company still uses the warehouse and doesn’t want to lose control of it.

Think about entering into a sale-lease transaction. You buy the warehouse personally and then lease it back to the company.

Click to read the Tax advantages of older properties (Sol Schwartz & Associates, P.C., 1-20-12)

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