Tommy Dobczyk narrows a real estate search to a specific 500-foot radius and defines his target quad from 35th to 17th Street. He pulls vacancy rates for industrial buildings and open lots, plus absorption rates, to check if the market can support steady income before buying.
Chapters
Are you in the deal room? There's a lot of retailers in the area. I want to see if we can do something real quick. We're only going to do this time. We're only going to do 500 feet, right? And so where it says, where it says down there in the corner, 1 mile, we're going to change it to 500 feet. That's about good right there, because this is what is basically known as a, as a quad, right? Your quad is 35th to 17th. It's actually your quad is 35th to 27th, but you can stretch it to 17th. Indian to Thomas, that whole quad right there is pretty, pretty significant area. So let's type— let's put it in there. I see a lot of industrial buildings. What is the vacancy rate of these buildings down there for the industrial use? And then what is the vacancy rate of all of the open lots? I don't want to buy something that's going to experience any vacancy, so I need to understand the absorption and absorption rate there so that, you know, I know whether or not I'm getting into a market that sustain a constant income influx.
