Nicholas Montenegro

Vertically Integrated Commercial Real Estate Development. IG/TikTok/YouTube: @ developtomorrow

[Nicholas Montenegro @developassets]

~150,000 SF of triple net flex space.

This market is emerging, and still fragmented. Competition is weak.

Retail is overrated.

You can cut construction cost in half building metal light industrial spaces and still rent them easier than retail.

The key is overhead roll up doors.

It’s almost hilarious how easy these are to rent.

You don’t need to even paint the walls.

No water heater, no A/C.

Just give them a metal box with a sink + toilet, and they pay you more rent per SF than a luxury house.

Combine that with the fact commerical is valued not on comps like residential, but instead cap rates, and you have a predictable money printer.

Commercial property value is literally a 2 variable equation:

NOI / Cap Rate = Value

This property brings in $1.8mm NOI / 7% Cap = $25.71MM

It’s also for sale if you are interested but that’s not the point here.

The point is if you want to scale large sums of value with predictable execution, look into developing metal buildings.

Follow to learn more.

[Nicholas Montenegro @developassets]

A physical component.

Develop something real.

[Nikita Bier @nikitabier]

Technical moats are mostly over at this point. If you’re building something that is meant to be durable, the only moats now are:

• Proprietary data
• Network effects
• A physical component

[Nicholas Montenegro @developassets]

String each day together with small improvements, and after a few decades, look back and see the mountain you’ve climbed.

[Nicholas Montenegro @developassets]

Who owns the building you’re eating at?

Who built the skyscrapers you see downtown?

Maybe some old rich dude, maybe some big corporation.

But how did they get to that point? 🧵👇

[Nicholas Montenegro @developassets]

As Naval famously said, "play long-term games with long-term people."

So, as soon as possible:

Start the business.

Begin the relationship.

Embark on a journey for knowledge.

[Nicholas Montenegro @developassets]

@ChrisRamsey60 few

[Nicholas Montenegro @developassets]

Going from 0 to 1 is a black hole pulling you down.

From 1 to 10 is a slow grind.

10 to 100 is just plain fun.

Do you want to be a worker or an owner?

[Nicholas Montenegro @developassets]

If you ever want to start a business, I'd get started.

You have plenty of hard lessons to learn, and the reality is you have to learn them firsthand.

Ask me how I know lol.

Stop waiting and get them over with.

[Nicholas Montenegro @developassets]

The first five years are brutal, if not impossible to survive.

Best to get that clock started ASAP.

However, once you reach escape velocity, it all becomes worth it.

[Misfit Toy @hoskydex]

@developassets Wow, if you do land clearing and concrete yourself no developer can compete with you lol. Curious if you also assemble the pemb. Technically if you have measurements you can get local metal works shop to just create the prefab no?

[Nicholas Montenegro @developassets]

@hoskydex i have a few amazing crews that i run to get the erections done myself. whether i weld on-site or use PEMB depends on the project size.

you're right, i feel bad for my competitors lol.

[Nicholas Montenegro @developassets]

big dream requires big machine

[Nicholas Montenegro @developassets]

@hoskydex yes we buy land then use our own machines and labor to clear it. Another way i can develop for half the cost of competitors.

And yeah got a mulcher which was good for brush but we sold it tbh.

For the size lots we do it didn’t make much of a dent. Just a nice to have .

[Nicholas Montenegro @developassets]

CRE development will be the last thing AI replaces.

But it will... once it's embodied and capable of general intelligence.

The developers of today will be grandfathered in.

They'll run operations from the beach while land becomes one of the most scarce resources to exist.

[Nicholas Montenegro @developassets]

@hoskydex for now yes... like self storage 20 years ago. eventually it will get played out and we will move onto the next thing

[Nicholas Montenegro @developassets]

Replacing 6,000 LF of silt fence to remain compliant with TCEQ storm water pollution prevention plan requirements.

Walking the perimeter with geotag certification software to document before vs. after.

These are the little things that create equity for developers.

[Nicholas Montenegro @developassets]

Compound those returns with a few projects and the quik maffs get real big, real fast.

[Nicholas Montenegro @developassets]

The timeframe of illiquidity, permit and construction risks, weather, nosey neighbors...

Buying raw land, taking that dirt and adding value from thin air is why commercial development makes hundreds of % in profit when done right.