About
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Years Experience
Capital Markets Landlord Representation Industrial
About Larry Emmons
As a Senior Managing Director at Newmark, one of the world’s leading commercial real estate advisory firms, Larry Emmons leverages his 30+ years of experience as a broker to deliver optimal outcomes for his clients. He specializes in investment and industrial real estate transactions, representing both sellers and landlords in the Metro Detroit market.
Emmons is a recognized leader and a trusted advisor in his field, holding prestigious designations such as Society of Industrial and Office Realtors (SIOR), Certified Commercial Investment Member (CCIM), and Member of the State Bar of Michigan. He is passionate about creating value and building relationships in the commercial real estate industry, and has successfully completed multiple deals involving leases, acquisitions, dispositions, and developments.
Partial List of Transactions
- 2800 High Meadow Circle, Auburn Hills, Michigan 278,000 SF Engineering Building Sale, $48,363,000.00
- Travelers Tower, Southfield, Michigan 880,000 SF Two Building Office Complex, $25,120,000.00
- Airport Park, Romulus, Michigan 680,000 SF Small Bay Industrial Property, $17,800,000.00
- 150 Stephenson Hwy., Troy, Michigan 103,000 SF Office/Flex Building Sale, $15,000,000.00
- 230 E Grand River Ave., Detroit, Michigan 58,000 SF Office Building Sale, $13,248,000.00
- Allen Park Tech Center, Allen Park, Michigan 613,000 SF Industrial Property Sale, $12,000,000.00
- 2000 E Taylor Road, Auburn Hills, Michigan 180,000 SF Office Building Sale, $11,325,000.00
Professional
- Member, State Bar of Michigan (Attorney at Law)
- Licensed Real Estate Broker, State of Michigan
- Licensed Real Estate Broker, State of Florida
- Member, Society of Industrial and Office Realtors (SIOR) (Past Chapter President)
- Member, Certified Commercial Investment Member (CCIM)
Education
- The University of Michigan, Bachelor of General Studies
- University of Detroit Mercy School of Law, Juris Doctor
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a leading advisor and service provider to large institutional investors, global corporations and other owners and occupiers of commercial real estate. We offer a diverse array of integrated services and products designed to meet the full needs of our clients.
Newmark’s investor/owner services and products include capital markets – consisting of investment sales and commercial mortgage brokerage, including the placement of debt, equity raising, structured finance and loan sales on behalf of third parties – landlord representation, valuation and advisory, property management, business rates, consulting advisory services, services related to the GSEs and FHA (including multifamily lending and loan servicing) and flexible workspace solutions for owners.
Occupier services and products include tenant representation, global corporate services – including real estate, workplace and occupancy strategy, corporate consulting services, project management, lease administration and facilities management – business rates and flexible workspace solutions for occupiers.
About Panora
Home Is Where Your Story Begins
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Years Experience
Houses Sold
Discover the strength in our collaborations, where success is a shared accomplishment.
Our Vision
The Keys to Your Home
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Innovation
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Client Approach
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Team Work
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Our Values
Come Home to Quality
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Passion
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Community
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Commitment
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Growth
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Honesty
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Team Work
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FAQs
Frequently Asked Questions
As an investment property broker, I can offer a range of services and strategies to help you sell your investment property efficiently and profitably. Here’s how I can assist you:
Comprehensive Property Evaluation
- Market Analysis:
- Conduct a thorough market analysis to determine the optimal listing price.
- Evaluate comparable properties (comps) to understand current market trends and competition.
- Complete a cash flow analysis of the current income and expense stream.
- Property Assessment:
- Assess the condition of your property and suggest improvements or leasing tips to enhance its appeal.
- Highlight unique features and strengths of the property to attract potential buyers.
Effective Marketing Strategies
- Professional Photography and Virtual Tours:
- Arrange for high-quality photos and virtual tours to showcase your property’s best features.
- Create engaging visual content to attract online and in-person interest.
- Online Listings:
- List your property on major real estate platforms (e.g., CoStar, CREXI, Loopnet or Real Capital Markets).
- Utilize targeted online advertising to reach potential buyers actively searching for investment properties.
- Social Media Marketing:
- Promote your property on social media platforms such as YouTube, Instagram, and LinkedIn.
- Use targeted ads to reach specific demographics and investor groups.
- Email Marketing:
- Send property listings and updates to a database of potential buyers and investors.
- Create engaging email campaigns with detailed property information and market insights.
Steps to Determine the Value of an Investment Property
- Market Analysis:
- Comparable Sales (Comps):
- Analyze recent sales of similar properties in the same area. Look for properties with similar size, condition, age, and location.
- Use real estate databases and MLS listings to find comparable properties.
- Market Trends:
- Examine current market conditions, including supply and demand dynamics, local economic factors, and future development plans that might impact property values.
- Monitor trends in rental rates, occupancy rates, and property appreciation in the area.
- Comparable Sales (Comps):
- Income Approach:
- Net Operating Income (NOI):
- Calculate the property's NOI by subtracting operating expenses (property management, maintenance, taxes, insurance, etc.) from gross rental income.
- NOI = Gross Rental Income - Operating Expenses.
- Capitalization Rate (Cap Rate):
- Determine the cap rate by analyzing similar investment properties in the area. The cap rate represents the return on investment expected from the property.
- Cap Rate = NOI / Property Value. Rearrange this to find Property Value = NOI / Cap Rate.
- Net Operating Income (NOI):
We specialize in a variety of investment properties, including office buildings, retail spaces, and industrial properties, and mixed-use developments. Our expertise extends to both stabilized assets and value-add opportunities.
