BreakThru Realty

For Owners

Selling an Inherited Commercial Property in Florida

An inherited building is a decision and a business at once. Settle the first while the second keeps running.

You have inherited a warehouse, a storefront, an apartment building or a share of one, often with tenants in place and other heirs to consult. The questions arrive together: who can sign, what it is worth, whether to keep it. They are easier to answer in order.

Review Buyer Interest in My Commercial Property · (786) 914-1017

BreakThru Realty · Founder and Broker of Record: Tyson E. Sam, Florida License 3565210

Your first step: Commercial Property Value and Buyer Match Review

Start With a Commercial Property Value and Buyer Match Review

Investors and owner users price your building three ways: against the competition, against closed sales and on its income, and the investor who buys it may already be working with BreakThru Realty. The review shows you all three prices, where they meet, whether the property fits the acquisition requirements investors have given us, and the ways to sell that fit your timing and your tax position.

What you receive

  • A check of the property against the acquisition requirements investors have given us: location, asset type, budget, occupancy, income and return, with no investor named
  • A broker's opinion of value from closed sales, competing listings and, for an income property, the rent roll and the cap rates buyers are paying
  • The documents buyers and lenders will ask for, and which to prepare before listing
  • Disposition options: open market sale, confidential sale, sale leaseback or a 1031 exchange, with the tradeoffs
  • The buyer profile for your property type and how we would reach it
  • A written summary of the figures behind the opinion, with an estimate of your proceeds where the figures you share allow one

What happens next

  1. Tell us the address, the property type and how the building is occupied.
  2. A commercial agent pulls the closed sales and the competing listings, checks the investor requirements on file and prepares the review.
  3. We call within one business day to walk through it.
  4. You decide whether, when and how to sell.

Free and confidential. It is a broker's opinion of value, not an appraisal, and we never publish an estimate for a specific property. A potential investor match is a conversation, not an offer, and no investor learns about your property without your consent.

Review Buyer Interest in My Commercial Property · How commercial property is valued

Who Has Authority to Sell

It depends on how the owner held the property. If it was in the owner's own name, the personal representative appointed in probate sells it. When the will gives that person a power of sale, the sale needs no court approval. With no will, or no power of sale, the court must authorize or confirm the sale before title passes. If it was held in a trust, the successor trustee sells under the trust's terms. If a company such as an LLC holds title, the company still owns the property. The heirs inherit the owner's financial interest in the company, and who controls the company and can sign a sale depends on the operating agreement, the remaining members and the personal representative. The estate's attorney confirms who signs. A title company will ask for the same proof.

Establish the Value at the Date of Death

Estates usually need the property's value as of the date the owner died. Under federal tax law that value generally becomes the heirs' new basis, which can reduce the taxable gain on a sale made soon afterward. Where a company holds the title, ask the tax adviser how the rule reaches the property itself. A tax adviser applies the rule to your case, and an appraiser provides the formal figure. A broker's opinion of value tells you what the market would pay today.

Keep the Property Running Meanwhile

Tenants keep their leases, rent still has to be collected, and the insurance must stay in force under the right name. Leases that expire during the estate need a decision, because an empty space lowers the price. Whoever has authority should gather the leases, the rent roll, recent statements and the service contracts early. A buyer will ask for all of them.

When Heirs Want Different Things

One heir wants the income and another wants cash. There are three common outcomes: the heirs who want to keep the property buy out the others at an agreed value, the property is sold and the proceeds divided, or the heirs keep it together under a written agreement. A single opinion of value that every heir receives at the same time prevents most of the arguments about price.

How BreakThru Realty Helps

A broker first checks the property against the requirements commercial buyers have given us, then prepares an opinion of value the heirs and their advisers can rely on. If no buyer on file fits, the review sets out the marketing that reaches the wider market. The plan is built around what the estate needs: a timely sale, full exposure to the market, or time for the heirs to decide.

Related Pages

Questions you may be asking

Do you already have a buyer for my building?
We say so only after a specific investor has reviewed the property and confirmed interest. The review first checks your property against the acquisition requirements investors have given us and tells you, under confidentiality, whether anything fits. If nothing does, it sets out how we take the property to the wider market.
Can the sale be kept confidential?
Yes. Financials go only to buyers who sign a confidentiality agreement, tours are by appointment, and a tenant occupied building can be marketed without disturbing the tenants. The review sets out the options and the MLS rules that apply.
What does it cost to sell?
The commission is negotiable and agreed in writing in the listing agreement before anything is marketed. Other seller costs usually include title and closing charges and Florida documentary stamp tax on the deed; your closing agent confirms the figures.
I am thinking about a 1031 exchange.
Tell us before you sign anything: the exchange has to be set up before the sale closes. The review covers the timing, and your CPA and a qualified intermediary handle the tax side.
How long will it take?
Longer than a home. Pricing, marketing, a due diligence period that commonly runs 30 to 60 days and financing all take time. The commercial market pages show how long listings like yours have been on the market today.

Request a Broker Pricing Review

On this page you can tell us: the address, whether the property is in an estate, a trust or a company, the tenants and leases, how many heirs are involved.

Call or text (786) 914-1017 or email sales@breakthrurealty.com. A licensed BreakThru Realty agent follows up within one business day.

Your Next Commercial Buyer May Already Be Working With BreakThru Realty

Investors, owner users and business owners across Florida work with BreakThru Realty with defined requirements: the asset type, the size, the location, the price and the return they need. If you own commercial property, a broker can review it against those requirements before you list, and if no buyer on file fits, explain the marketing that reaches the rest of the market.

Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Frequently Asked Questions

Can an estate sell commercial property before probate is finished?
Often, yes. Once the court has appointed a personal representative, that person can sign a contract. A will that gives a power of sale lets the sale close without the court's approval. Without one, the court must authorize or confirm the sale before title passes. The estate's attorney confirms it, and the title company will require the documents.
Do heirs pay tax when they sell inherited commercial property?
Tax is generally figured on the gain above the value at the date of death, so a sale soon after inheriting may produce little taxable gain. The rules have conditions. Ask a tax adviser before you sign a contract.
Do the tenants' leases continue after the owner dies?
In most cases, yes. The owner's death does not end a lease, so it continues under the estate and normally under a buyer. The lease's own terms, or a mortgage recorded before the lease, can change that, so ask the estate's attorney. Tenants should be told where to send rent and whom to contact.

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