Finding Commercial Property For Sale in Richmond VA, or anywhere for that matter, can be challenging. While many search portals exist to aid in a search, they are far more splintered and less accurate than the residential FOR SALE databases.
- All Commercial Property For Sale by One South
- Multi-Family Properties in the MLS
- Tell Us What You Are Looking For!
There are several established search sites available for public searching. Loopnet and CoStar are the two primary web based search sites for commercial property. The large majority of brokerages (and their individual agents) are paid members and use them as their primary outward reaching portals for search. The larger brokerages will integrate their own websites with one or the other (usually Loopnet) and display the properties they have for sale using the Loopnet technology to drive search and results.
It can be confusing as Loopnet and CoStar have different settings for paid and unpaid viewers. Loopnet and CoStar require one side or the other to be a paid member of the service in order to see all of the results. Levels of membership (premium/basic/free) may also impact the availability of the results. Stated differently, only a subset of the available listings may be viewable by a non-paying member, but this could also vary when the consumer is looking at broker’s site or the Loopnet site.
The Richmond Association of Realtors also provides a commercial property MLS, but unlike its residential cousin, it is elective, and thus does not contain every property for sale via a participating real estate broker in Richmond. The commercial MLS is also somewhat confusing in that the Multi-Family category in MLS is not a part of the commercial side (it part of the residential side) forcing another search in order to find the available properties.
Lastly, since the rules governing commercial and residential real estate are different (commercial is far less regulated), not all properties ‘FOR SALE’ appear on the sites. While there is no real way to determine the number of properties which do not appear, many estimate that up to half of the commercial properties considered to be ‘FOR SALE’ appear on no website whatsoever. While the reasons may vary (agent greed, non-committal seller, a need for privacy), the fact remains that a tremendous amount of ‘behind the scenes’ promotion occurs.
Ultimately, a person interested in searching has little hope of finding all commercial property for sale in Richmond VA in one place. Residential websites have come up with a set of rules (called IDX or Internet Data eXchange) to allow ALL brokerages to display ALL homes for sale, regardless of the listing agent., making searching far easier. The commercial brokerages do not participate in this way, making the search far more convoluted and involved.