NetWorks Commercial Real Estate is the first brokerage firm in Richmond, Virginia to incorporate this open-platform tool.
Jim Tucker, CCIM announced today the launch of a new web-based calculation tool that analyzes the investment opportunity of any given commercial real estate holding. NetWorks Commercial Real Estate is the first brokerage firm in Richmond, Virginia offering this technology, which allows visitors to their Web site to perform a complete analysis right on the Internet, and receive instant analytics. The investment analysis tool is located at www.NetWorksCRE.com, under the “Services” tab.
The results of this tool summarizes several key financial indicators including capitalization rate, cash on cash return, loan to value, debt coverage ratio, operating expense ratio, 10-year cash flow predictions, as well as cumulative wealth and equity vs. debt charts. After reviewing the information, a user may request a PDF package via email or a printed and bound version delivered or mailed. The software behind this technology is provided by REI Wise and is considered to be the most advanced available today.
Headquartered in Richmond’s west end, NetWorks Commercial Real Estate relies on a national network of brokerage and principal relationships to produce results for their clients. “Our extensive database of over 5,000 proven ‘players’ along with the over 18,000 members of the CCIM organization put us into direct contact with the most active investors and brokers in our industry.”
Mr. Tucker has been a licensed commercial real estate broker since 1974 and holds the prestigious Certified Commercial Investment Member designation from the CCIM Institute. Additionally, he was winner of the Most Significant Transaction Award in 2005 & 2006 given by the Virginia CCIM Chapter and is the only two-time winner of that award in the Chapter’s history.