Client Spotlight: Business Owner
From Rent Payer to Wealth Builder - Own your future
Background
Dr. Brian Call, a successful dentist, wanted more than a leased office space for his practice. He envisioned owning a building that could house Oakridge Dental as well as other tenants to generate additional revenue. Finding a parcel of land near his current practice, Dr. Call seized the opportunity to purchase it, but he quickly realized that moving from land ownership to a fully developed, multi-tenant building would require expertise. That’s when he hired Realm Development.
Challenges
- Designing for a Multi-Use Space: Dr. Call needed a building layout that would suit his dental practice while also accommodating tenant spaces to maximize rental income.
- Navigating the Development Process: With his focus on running a dental practice, Dr. Call needed support to manage permitting, financing, and construction.
- Ensuring Long-Term Investment Value: Dr. Call sought a property that would not only support his business but serve as a valuable real estate asset over time.
Solutions
- Due Diligence
Realm Development performed thorough due diligence to ensure the site could support the planned development. This included evaluating site conditions, verifying zoning, and estimating development costs for grading and retaining walls due to the site’s steep grade. This groundwork minimized potential surprises and helped ensure the project’s feasibility. - Planning and Design
Realm Development helped craft a two-level layout that maximized the unique topography of the site. Oakridge Dental occupies the upper level with convenient street-level parking, while tenant spaces occupy the lower level, each with their own access points. This approach ensured functionality and enhanced the property’s value. - Permitting and Approvals
The project required both planning commission and city council approval. Realm’s organization and preparation led to a smooth approval process, keeping Dr. Call’s project on track. - Construction Management
By hiring an experienced contractor early and establishing a clear timeline with Realm’s oversight, Dr. Call’s project stayed on time and on budget. Regular site visits and careful review of construction draws helped ensure the quality and financial stability of the project.
Results
Today, Dr. Call owns a beautiful, revenue-generating building that not only houses his practice but provides stable rental income from other tenants. His project is a prime example of how real estate ownership can benefit both a business and its owner’s long-term financial future.
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Testimonial
"Realm made the development process so much easier to navigate. His expertise and guidance helped me go from renting to owning my own commercial building. Now I have a brand new practice and additional income from my tenants."
— Dr. Brian Call, Oakridge Dental
