shop rate

[frosties snowremoval]

:feedback i am looking to move into a fulltime shop and was wondering what to expect topay per sqft. i have found a couple 1500sqftshops with a large overhead door behind them and a reguler glass door infront currently there is no walls in rhem just a bathroom i was thinking maybe put a small lounge upfront for those long night breaks i will still run my office from home but need a place to keep my equipment and work from. please if you could give me a idea what you pay per sqft i would be thankful

karl klein

[Mick]

Karl, where in Omaha is the shop located? There's going to be a big difference in, say, West Omaha area and downtown by the river or even South Omaha.

Probably the best way to find out would be to call the Chamber of Commerce. They will have average rates for any given area.

[frosties snowremoval]

mick are you in omaha or maine?

this shop is in a industrial site there is actually a couple different places all are in industrial parks

[Mick]

Karl, thanks for the laugh. I thought I might get a reaction from you out of that response. I grew up in Stanton (SW Iowa). Ran around Omaha a lot then. Carried mail there for several years in the 80s all over Omaha and Ralston. Last route was out of the South Omaha Station.

You'll still be better off contacting Chamber of Commerce tomorrow. My mother-in-law just moved out here last week from Council Bluffs and she says there's more development going on in West Omaha, so it's likely to be pretty expensive.

[Pickering Snow]

Karl

Like Mick said its gonna be diff just about anywere you go according to the market price . I lease 5000 sq ft for 2750.00 a month to my detail shop renters and still have another 5000sq ft i would like to rent to my buddy for his trans shop i told him 2250.00 a month but i would recoupe the diff by not having to take vechs to the present place i use which is 15 miles up the road , my building is less than a year old and is up to date with all miohsa standards.

I have the old shop for rent the one that my dad owned growing up it is a 60x100 block building with heat, bathroom, water , floor drains because of its weird size its been hard to rent at times i have had it rented for has little has 750.00 a month its in the old part of town i can see it from my house, and to be honest it just doesnt appeal to buss would be great for what you want cause during the winter like this past one i had no renters i used it to store three of my trucks in so during storms we could get three on the road more quickly, my new shop is 6 miles from me. So even though this probley doesnt help your situation just wanted to give you a idea at least in my town what shops go for. The new shop is in a fast growing industrial park i bought the land when i was 26 for dirt cheap sold the wood off it and semi prepped it over the years til i could afford to build the shop. At some point i wil need to raise rent but for know my dream is to get the place full and with that comes giving breaks you might find someone out there in the same postion.

[frosties snowremoval]

well the average for 1500-5000 seems to be 6.50 per sqft per year

[wyldman]

We are around $7.00 a sq\ft here,but it doesn't really matter,as it's not local.

Whatever you do,be very careful when leasing or renting a unit.You can get nailed with additional expenses very easily.A lot of leases require that you take over repairs\maintenance for all services\equipment in the unit.This includes stuff like toilets,drains,pipes,water heaters,boilers,heating and A\C units,etc.If something expensive dies,your on the hook to fix\replace it.You can't just leave it that way,as you have to leave the unit in the same condition as when you took possesion.Have your laywer write a clause on the lease for pro-rating,or depreciating stuff,so if it does break,your not on the hook for all of it.

Also check into the proper zoning,or permits which are required.Not much fun getting a unit to find the city\town will not allow you to do what you want there,and your now stuck in a lease.

[Pickering Snow]

Chris

The term used by us land lords is a net net lease it does put the repairs and up keep on the renter the new shop i sighned lease with my renters is not net net has once again trying to keep everyone happy and most of the fixtures and equipment have warr during the frist couple of years, the old shop i rent has a net net has if things fail or break i dont want the repairs coming off my profits i have done simple repairs if not costly however last year a renter there broke the tolit on purpose and i charged him for it so your right its worth having the agreement looked at before hand.

[wyldman]

Some repairs should be the responsibilty of the tenant,but some should not be,at least not the whole amount.

It would suck to move in,and then have to spend $7000 on replacing an old heating unit,or an expensive sewer repair.

I have been though it,and learned from it.Just wouldn't want to see someone else go through it too.I got stuck with a $7000 bill for the rooftop heater\AC unit,just shortly after we moved.It was a 20 year old unit,so I shouldn't have had to pay the whole shot,as it was pretty much used up when we moved in.My bad for not looking into it more,and having my laywer pay closer attention to the lease.The part that ticked me off the most,is the landlord starting replacing them shortly after that,as part of routine maintenance,and covering the cost.They wouldn't reimburse us either. :evil