Commercial FSBO — All 50 States
Select your state for a complete commercial real estate by-owner guide: transfer taxes, attorney closing requirements, 1031 exchange tips, average cap rates, and disclosure rules.
14/50
States with attorney closing
13/50
States with no transfer tax
6.7%
Avg retail cap rate
7.2%
Avg office cap rate
A
C
I
M
Maine
Cap Rate 7% retail · Transfer tax 0.44% · Atty required
Maryland
Cap Rate 6.5% retail · Transfer tax 1% · Atty required
Massachusetts
Cap Rate 5.5% retail · Transfer tax 0.456% · Atty required
Michigan
Cap Rate 7% retail · Transfer tax 0.75%
Minnesota
Cap Rate 6.8% retail · Transfer tax 0.33%
Mississippi
Cap Rate 7.8% retail · Transfer tax None
Missouri
Cap Rate 7% retail · Transfer tax None
Montana
Cap Rate 7% retail · Transfer tax None
N
Nebraska
Cap Rate 7.5% retail · Transfer tax 0.225%
Nevada
Cap Rate 5.8% retail · Transfer tax 0.26%
New Hampshire
Cap Rate 6.5% retail · Transfer tax 1.5%
New Jersey
Cap Rate 6.2% retail · Transfer tax 1% · Atty required
New Mexico
Cap Rate 7.2% retail · Transfer tax None
New York
Cap Rate 4.5% retail · Transfer tax 0.4% · Atty required
North Carolina
Cap Rate 6.5% retail · Transfer tax 0.2% · Atty required
North Dakota
Cap Rate 8% retail · Transfer tax None