After getting familiar with how to conduct a search and mastering the maps in RPR, you’ll select a commercial property and find yourself on the Property Details page. And as the name implies, you’ll be instantly supplied with a ton of details and key facts.
When you first pull up a Property Details page, you can get a clear view (literally) of the property using Street or Overhead views. They’re accessible just below the address and just above the main photo.
Also, if available, view a virtual tour and historical photos of the property. And just to the right is an interactive map, which will allow you to access all the map features including Traffic Counts, Business Points of Interest and data layers such as Flood Zones.
After finding the view you prefer, it’s time to dig into the details. The Property Summary includes basic facts as well as pricing information if the property is For Sale or For Lease. A For Sale property will display the Listing Agent information, including their contact information. A For Lease property will show you additional suite options below the Property Summary section.
In some instances, RPR may have more than one version of a listing, or the listing could be for sale and for lease, or there could be multiple suites available in one building. In the Multiple Listings section you’ll see each record we have from our listing partners.
Another good section to check out is the “Additional Resources” area, it’s just to the right of the Property Facts. Here you have access to various RPR partners that can add value to a transaction. For example, you can run an investment analysis with Valuate or take a look at the property on one of our listing partner sites.
Property facts and Tenant data
The Property Facts section includes both public and listing facts for the property. You can augment these facts by entering Your Changes in the fields available. For instance, if the lot size is different from what is reflected in RPR, or if there is information missing that you have such as the ceiling height or cap rate, you can select “Add another row” and add custom rows of information. These changes are only available to you and the reports you create. Be sure to select Save to save your changes.
Tenant data also has its own section. Where available, detailed tenant data is displayed to help you understand whether a particular building is a good fit for a client as well as to understand the tenant mix from an investment standpoint. You can also edit the details of a tenant by clicking the pencil icon to add information such as main contact name, phone number or business type. Once completed, you can even print out a list of tenants with the Print Tenant List button.
Detail after detail after…
Want to add your own updates and professional opinion on a property? Look for the My Updates section just to the right of Tenants. In this area you can add your own additional notes or photos of the property.
The photos you add in My Updates can also be used as your cover photo on property reports.
As you make your down the Property Details page, you’ll be amazed at how many fact-packed sections you’ll find, including:
- Price Change History
- Interior and Exterior Features
- Historical Records
- Listing Details
- Location Details including Flood Zones
- Owner Facts
- Legal Description including zoning and even plat maps, where available
- Tax Information and Deed Records
- Trade Area with economic and demographic information (watch this video for a more in depth look at Trade Area)
And that wraps up our walkthrough of the Property Details page for a Commercial property. As you can tell, RPR is loaded with property data that you can use to help your clients make smart, informed decisions. Put to good use, these details can dovetail into more trips to the closing table.
For a video version of this same topic, we recommend watching RPR Basics & Beyond: Commercial Property Details:
And be sure to subscribe to the RPR YouTube Channel. It’s an easy way to learn more about RPR features and tools, and stay current on updates and improvements.