New Tools Integrate Public Records, Researched Property Information and Sales Transaction Comps into Comprehensive, One-Stop Shop
LoopNet, which operates the most heavily visited online commercial real estate information web site, expanded its line of property research products to include Property Facts and Property Comps.
These new information services will provide commercial real estate brokers, investors, appraisers, tenants and others with a flexible, cost-effective source of nationwide commercial property data for all major property types. LoopNet Property Facts offers detailed information on more than 10 million commercial properties, providing owner, lender, tenant, market stats and tax information for both on-market and off-market properties. LoopNet Property Comps provides sale price, buyer, seller, sale date and other transaction details for over 1.3 million closed sale transactions.
Commercial real estate professionals now have the choice of subscribing to the LoopNet marketplace to market or search for active sale and lease listings, or subscribing to the Property products ” Property Facts or Property Comps ” to research the market as a whole.
LoopNet customers include virtually all of the top commercial real estate firms in the U.S., including Apartment Realty Advisors, Cassidy Turley, CB Richard Ellis, Coldwell Banker Commercial, Colliers International, Cushman & Wakefield, Grubb & Ellis, Jones Lang LaSalle, Lincoln Property Company, NAI Global, Newmark Knight Frank, ProLogis, The Shopping Center Group and Sperry Van Ness.
“With the launch of these expanded products and services, LoopNet is heralding a significant change in commercial real estate research, which has long been characterized by expensive, restrictive data services that do not adequately meet the needs of a large sector of the market,” said Thomas Byrne, LoopNet’s President and Chief Operating Officer. “In particular, many brokers and brokerage firms, individual investors, landlords, appraisers and financial services professionals have been priced out of the market for these information services. We are very excited to now provide them with a comprehensive, affordable, nationwide property research solution alternative that covers all property types and all U.S. geographies in one simple subscription that does not require an annual contract.”
While the LoopNet marketplace features nearly 800,000 listings that are actively marketed for sale and lease, the LoopNet Property Facts and Property Comps databases contain more than 12 times that many records, providing a holistic view of the commercial property inventory in a market, regardless of current availability and regardless of whether it has ever been marketed on LoopNet.
Together, the Property line of products contain a wealth of property details and offer unparalleled ease of use and affordability for nationwide search of office, industrial, retail, multifamily, hotel, land and other specialty properties. Specific data fields include:
Tenant Rosters and Employee Counts
Tax Records and Assessed Values
Property Details and Photos
Address / Property Type
Owner Details and History
Mortgage and Lender History
Historical Sale and Lease Listings
Property Details and Photo
Asking Price and Asking Rent Trends
View sample database records and subscribe to the LoopNet Property products at www.LoopNet.com/PropertyTour.
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