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The Load Factor—Commercial Real Estate Terminology

When you get involved with purchasing or leasing commercial real estate, you will begin hearing about a "load factor." It’s a term that is integral to commercial real estate investing, and one that you must know if you want to be a successful investor. So what exactly is it?

The load factor, simply put, is the difference—usually expressed in a percentage—between the usable and the rentable square footage in a building. That is, how much of the space accounts for common areas such as restrooms, mechanical rooms, hallways, stairwells, and the like, versus how much is actually rentable to tenants.

Here is how to calculate the load factor for a commercial real estate property:

1. You will need the total rentable square footage of the building.

2. You will need the total usable square footage of the property.

3. Now, subtract the usable square footage (this is always the smaller number) from the rentable square footage.

4. Take that total and divide it by the usable square footage.

5. The resulting number is the load factor.

Here is an example: These are the numbers on a building in Gainesville, Florida, that we recently looked at. The total rentable square footage was 35,938. The total usable square footage was 29,461. So the equation looks like this: 35,938–29,461 = 6,477. Then take 6,477 ÷ 29,461 (usable sq. ft.) = .219 or nearly 22%.

What does this mean? It means that the property owner is adding almost 22 cents to every dollar he charges his tenants per usable square foot. The higher the load factor, the more the tenant will be paying for space he or she can't use.

Buildings with a high load factor may indicate inefficient design, and if, as a tenant, you are negotiating to sign a lease for a commercial space, you will definitely want to know the load factor.

If you are an investor considering the purchase of a commercial property, check comparable properties in the area to help you determine the average load factor. If your potential property is above the average load factor, you may have difficulty attracting the interest of tenants because they will be paying for per square feet than they would in other properties near yours.

I hope this quick tutorial has been useful in helping you understand the importance of knowing the load factor for a commercial real estate property.

Want to hear some case studies from over $500,000,000 in deals completed? Rick Melero invites you to explore the hugely profitable world of commercial real estate, where even one deal can provide for your family for a lifetime! Attend the next free commercial real estate webinar with some of the nation's leading real estate experts: Real Deal Commercial Webinar.

Find Load Nib On eBay Below:

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New Lionel parts Crate load for gondola
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Lionel Trains 6 17128 CO Chesapeake and Ohio 3 Bay Hopper w Coal Load
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Herald King decals HO O Gauge Genesee Valley names loads silver ZZ370
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Herald King decals O HO Gauge Genesee Valley names Whitewater loads gold ZZ370
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LIONEL 6 6209 NEW YORK CENTRAL GONDOLA with COAL LOAD O SCALE in BOX
LIONEL 6 6209 NEW YORK CENTRAL GONDOLA with COAL LOAD O SCALE in BOX
$26.00
Lionel O Scale Center I Beam Flat Car with Wood Load NIB
Lionel O Scale Center I Beam Flat Car with Wood Load NIB
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Lionel Bathtub Gondola Coal Load 3 Pack
$31.61
CHB Models Willamette Loading Engine
CHB Models Willamette Loading Engine
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MTH Rail King 30 72149 Virginian Gondola Car w Log Load NEW
$54.95
782033 Steel Coil Load NEW IN PACKAGE
782033 Steel Coil Load NEW IN PACKAGE
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LIONEL OPERATING FREIGHT LOADING TERMINAL package train box crate 6 37964 NEW
LIONEL OPERATING FREIGHT LOADING TERMINAL package train box crate 6 37964 NEW
$138.84
Menards 11 1 2 O Gauge Canadian Pacific Flatcar with Lumber Load
Menards 11 1 2 O Gauge Canadian Pacific Flatcar with Lumber Load
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Lionel 19308 Great Northern Ore Car with Ore Load 1989 DM
Lionel 19308 Great Northern Ore Car with Ore Load 1989 DM
$19.95
Lionel 6 17113 Lionel 6 17113 LEHIGH VALLEY 3 BAY HOPPER Coal Load O Gauge NIB
Lionel 6 17113 Lionel 6 17113 LEHIGH VALLEY 3 BAY HOPPER Coal Load O Gauge NIB
$25.00
RailKing by MTH Norfolk  Western O Gauge Gondola with junk load MPN 30 7243
RailKing by MTH Norfolk Western O Gauge Gondola with junk load MPN 30 7243
$32.95
Lionel 6 12838 Crate Load
Lionel 6 12838 Crate Load
$16.19
Lionel Santa Fe Idler Flatcar with Load
Lionel Santa Fe Idler Flatcar with Load
$108.90
TWO PENNZOIL MOTOR OIL CASE LOAD WITH PALLET 148 Scale GARAGE Diorama
TWO PENNZOIL MOTOR OIL CASE LOAD WITH PALLET 148 Scale GARAGE Diorama
$14.95
Menards O Gauge Pennsylvania Flatcar with Tarp covered load no box
Menards O Gauge Pennsylvania Flatcar with Tarp covered load no box
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O Scale MTH Northern Pacific Wood Chip Hopper w Load 119743 NIB
O Scale MTH Northern Pacific Wood Chip Hopper w Load 119743 NIB
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Lionel O Scale 6 81017 BARREL LOADING BUILDING
Lionel O Scale 6 81017 BARREL LOADING BUILDING
$36.99
6 22318 Duluth Missable  Iron Range Ore Car w Ore Load K Line Set of 5 Cars
6 22318 Duluth Missable Iron Range Ore Car w Ore Load K Line Set of 5 Cars
$119.95
O SCALE Load for Lionel K Line Rail King gondola bulkhead and flat cars 6010 2
O SCALE Load for Lionel K Line Rail King gondola bulkhead and flat cars 6010 2
$85.95
Menards 279 2655 US Army Boxcar w Ammo Load 2015 C10 NIB
Menards 279 2655 US Army Boxcar w Ammo Load 2015 C10 NIB
$35.00
LIONEL MTH MENARDS O GAUGE LIMITED EDITION BURLINGTON NORTHERN HOPPER CAR W LOAD
LIONEL MTH MENARDS O GAUGE LIMITED EDITION BURLINGTON NORTHERN HOPPER CAR W LOAD
$27.95
RMT READY MADE TRAINS 2 BAY COAL HOPPER w COAL LOAD ROCK ISLAND 2 PK O GAUGE
RMT READY MADE TRAINS 2 BAY COAL HOPPER w COAL LOAD ROCK ISLAND 2 PK O GAUGE
$79.95
O SCALE Load for Lionel K Line Rail King gondola bulkhead and flat cars 6010 2
O SCALE Load for Lionel K Line Rail King gondola bulkhead and flat cars 6010 2
$65.95
20 97823 Burlington Northern 4 Bay Hopper Car w Coal Load 514352 MTH
20 97823 Burlington Northern 4 Bay Hopper Car w Coal Load 514352 MTH
$59.95
20 97823 Burlington Northern 4 Bay Hopper Car w Coal Load 514365 MTH
20 97823 Burlington Northern 4 Bay Hopper Car w Coal Load 514365 MTH
$59.95
20 97782 MTH BLE 4 Bay Hopper Car w Coal Load
20 97782 MTH BLE 4 Bay Hopper Car w Coal Load
$54.95
30 76613 Conrail Flat Car w Bulkheads  Lumber Load MTH
30 76613 Conrail Flat Car w Bulkheads Lumber Load MTH
$54.95
30 76615 Union Pacific Flat Car w Bulkheads  Lumber Load MTH
30 76615 Union Pacific Flat Car w Bulkheads Lumber Load MTH
$54.95
LIONEL MTH MENARDS O GAUGE LIMITED EDITION NORTHERN PACIFIC HOPPER CAR W LOAD
LIONEL MTH MENARDS O GAUGE LIMITED EDITION NORTHERN PACIFIC HOPPER CAR W LOAD
$27.95
Lionel 6 26851Western Maryland Dump Car With Log Load
Lionel 6 26851Western Maryland Dump Car With Log Load
$25.00
Lionel BC Rail Bulkhead Flatcar 9823 w Cut Wood Load 16982
Lionel BC Rail Bulkhead Flatcar 9823 w Cut Wood Load 16982
$19.99
30 72160 Pennsylvania Gondola Car w Junk Load
30 72160 Pennsylvania Gondola Car w Junk Load
$44.95
Lionel 0 027 Alaska Railroad Quad Hopper with coal load 6 19350 Brand New in box
Lionel 0 027 Alaska Railroad Quad Hopper with coal load 6 19350 Brand New in box
$19.00
MTH Premier 20 97403 2 Rail Union Pacific 100 Ton Hopper Car with Coal Load b
MTH Premier 20 97403 2 Rail Union Pacific 100 Ton Hopper Car with Coal Load b
$44.99
MTH Premier 20 97403 2 Rail Union Pacific 100 Ton Hopper Car with Coal Load w
MTH Premier 20 97403 2 Rail Union Pacific 100 Ton Hopper Car with Coal Load w
$44.99
MTH Southern Pacific Gondola w Junk Load 20 98003 NIB
MTH Southern Pacific Gondola w Junk Load 20 98003 NIB
$25.00


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