Loopnet Properties For Sale (2024)

FAQs

Is LoopNet better than MLS? ›

Whether LoopNet or the MLS is better for you depends on factors such as your target market, the types of properties you're interested in, and your specific preferences for features and access. Some professionals may find value in using both platforms to access a wider range of listings and market information.

The LoopNet app is good for anyone looking for commercial real estate for sale or lease. It has a lot of search features and makes it easy to save and share listings. That said, a few of the features LoopNet offers on its website, such as searching businesses for sale or brokers, aren't available in the app.

Loopnet makes it simple to search for commercial real estate properties online and contact brokers representing those listings. On the other hand, Crexi has been built upon the stage of digital innovation, allowing brokers and investors to manage the entire sales process without having to leave the platform.

LoopNet is primarily a listing service, while CoStar provides a more comprehensive set of data and analytics. Another critical difference between LoopNet and CoStar is the pricing. LoopNet is free to use, but its features are limited, and users have to pay for some of the more advanced features.

The 50% rule or 50 rule in real estate says that half of the gross income generated by a rental property should be allocated to operating expenses when determining profitability. The rule is designed to help investors avoid the mistake of underestimating expenses and overestimating profits.

Top Competitors and Alternatives of LoopNet

The top three of LoopNet's competitors in the Real Estate Listing Management category are Zillow with 36.01%, Diverse solutions with 19.22%, Trulia with 10.08% market share.

How many users does LoopNet have? ›

With 13 million monthly global unique visitors and 7x the traffic of our closest competitor, LoopNet is by far the most visited heavily trafficked online commercial real estate marketplace. LoopNet connects Tenants and Investors to properties available for sale and lease.

Crexi's users can manage properties, including property sales, leases, and the closures of those properties as well. Crexi allows investors, real estate professionals, buyers, and sellers to utilize their services digitally, without requiring the user to leave their platform.

LoopNet's business model involves selling memberships to its site to those that lease or sell Commercial Real Estate.

According to Zillow's website, Zestimate's nationwide median error rate for active listings is 2.4%. 3 For off-market homes, it's now 7.9%. 4 Zestimates are only as accurate as the data behind them.