Data including the price of a recently sold business might interest you. If you are trying to determine your business’s true value, then the above-specified dataset can help you. However, it’s not that straightforward to find out how much a recently sold business actually sold for.
Still, it’s not impossible. You can discover relevant publicly traded company records much more easily than thought. However, the selling or purchasing details of private companies are rather private. You can retrieve them only in exchange for a nominal fee.
On the other hand, you can find reliable sources of information if you are curious about commercial real estate sales. Let’s check out how to find out how much a business sold for.
Ways to Find Out How Much A Recently Sold Business Sold for
Earlier, data regarding a recently sold business or property could be easily obtained by visiting local county offices. However, this was the easiest way to determine how much a business sold for 10 to 15 years.
You can still apply this to get public property records and discover the latest changes in a particular business or property ownership. Yet, this isn’t a feasible way to get the relevant information, especially when technology has progressed a lot.
Now, you can collect data about a recently sold property through a few reliable websites and resources. Let’s review them and examine how to use them conveniently to extract the relevant information.
Public Records
Access public records to discover all the details about any property. Public records are the classic trustworthy sources for any property’s history. Simply search for a particular property in a specific location via public records.
How to find out how much a business sold for via public records? The best part of public records is that you don’t have to leave your home. Such public records are now accessible over the Internet. What kind of data can you access through public records?
Reportedly, you can obtain the following information associated with a property or business from public records:
- Ownership records
- Transaction history
- Mortgage details and more
SEC EDGAR
Besides accessing public records, you can navigate to government-run property assessor and appraisal sites to learn how much a recently sold business was sold for. EDGAR is a website to learn about acquiring any company or business.
EDGAR’s 8-K can announce primary news to shareholders. You should check out Item 2.01 from 8-K to know how much a business sold for. For instance, Elon Musk’s controversial takeover of Twitter in 2022 might spark your interest.
Click ‘Search for Company Filings’ on the EDGAR site to find the details. Look for Twitter under the option called ‘Company and Person lookup’. Next, click the Twitter Inc option, and you must carefully go through both Item 1.01 and Item 2.01. You can see that one share is priced at $54.20.
After that, you have to spot the number of outstanding shares to get an approximate value of how much it was sold for. We have found out that Twitter has 799,384,000 shares. So, the approximate purchase value of Twitter was $43.33 billion.
News and Commercial Real Estate Publications
Is it possible to find out how much a business sold for through newsletters, news sites, or commercial real estate publications? Yes, you can, but you won’t get a real-time update on these details through news sites and CRE publications.
However, you can get insight into recently sold businesses and properties from newsletters and similar sites. Additionally, they can clarify which areas have growing transaction rates apart from delivering an ownership history.
For example, The New York Times gathers updated information regarding commercial real estate properties and service providers for recently sold businesses and commercial properties. So, you can check their weekly Recent Commercial Real Estate Transactions to learn about commercial properties for sale, recently sold properties and leases.
ACRIS
Do you want to know how much a business sold for in Brooklyn, Bronx, Manhattan, or Queens? If yes, you can try the Automated City Register Information System, abbreviated ACRIS. By the way, it has been serving since 1966.
This is a government entity-run website that reveals public property records. Select which document type you want to search on ACRIS to start an investigation about a recently sold property. How to find out how much a local business sold for, then?
Next, go to ‘Deeds and Other Conveyances’ followed by ‘Contract of Sale’. Now, you can search within a particular borough. In addition, you are allowed to select a date range. Search, and you can see all the properties sold recently. Moreover, you can get financial information too.
Reonomy
If you want to dig up off-market properties, then Reonomy should be your destination. This particular website keeps updating its database so that you can get the freshest updates on off-market properties.
On the other hand, it’s utterly easy to use this tool and initiate a search. Just make sure you turn on a filter named most recent sale date to find out recently sold properties or businesses in the US.
For instance, Reonomy can find over 500,000 commercial properties sold in the last 3 months in a single click. Alongside this, you can get the following details about a property on Reonomy:
- Ownership records
- Building-level information
- Contact details of property owners
HCAD
Do you want to find out whether a property or business has been acquired by someone new? Then, Harris County Appraisal District or HCAD can get you the right information. This county appraisal and assessor website is a reliable source to find out how much a business sold for.
First, visit the website and open the information page for any specific property. Afterwards, hit the tab named Ownership History. There, you can locate a list of all owners of that property.
Montgomery County Property Records
Situated in Pennsylvania, Montgomery County provides a property records search site. It’s easy to search for property records based on the following entities on the Montgomery County Property Records:
- The address of the business or property
- Map search
- Sales Search
- Parcel ID
- Property owners
You must input the desired location and set a sale date range filter on the website. Clicking on the search button will display the property details below:
- Current owner name
- Sale date
- Parcel ID
- Property’s address
- Sale price and so on
On the other hand, you can click on every transaction to see a detailed breakdown of them.
Wrapping up…
So, here’s how to find out how much a recently sold business sold for. Apart from the choices mentioned above, you can try Larimer County Assessor, SDAT, and Fulton County Property Records. These tools will provide precise search results for the sale price you’re looking for regarding a recently sold business.
