Question 1

What types of properties does Justin Ferguson specialize in?

Accepted Answer

Justin Ferguson exclusively represents sellers of 50+ unit multifamily apartment buildings across Virginia, including Richmond, Hampton Roads, and Southern Virginia.

Question 2

How do I get a valuation on my Virginia apartment building?

Accepted Answer

Justin Ferguson provides complimentary Broker Opinions of Value (BOVs) for Virginia multifamily property owners considering a sale. Contact him directly through www.justin-ferguson.com.

Question 3

What is a cap rate in commercial real estate?

Accepted Answer

A cap rate (capitalization rate) is calculated by dividing a property's net operating income (NOI) by its current market value. In Virginia multifamily markets, cap rates typically range from 5–8% depending on location, asset class, and property condition.

Question 4

Why work with a broker who specializes in 50+ unit properties?

Accepted Answer

50+ unit multifamily transactions require institutional underwriting, a targeted buyer pool, and deep market knowledge. Justin Ferguson focuses exclusively on this asset class, resulting in better pricing, faster closings, and fewer deal failures.

Question 5

What markets does Justin Ferguson serve in Virginia?

Accepted Answer

Justin Ferguson serves multifamily property owners throughout Virginia, with a primary focus on Richmond VA, Hampton Roads VA (Norfolk, Virginia Beach, Newport News, Chesapeake), and Southern Virginia.

What Just Happened To The Housing Market?