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Updated over 6 years ago on . Most recent reply

James Knight's profile image
James Knight's profile image
James Knight
  • from Destrehan, Louisiana
  • Member since Sep 27, 2015
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6
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James Knight's profile image
James Knight's profile image
James Knight
  • from Destrehan, Louisiana
  • Member since Sep 27, 2015
Connect
James Knight
  • Destrehan, LA
2
Votes |
6
Posts
Buying & Selling Real Estate

Cap Rate for a location, property

James Knight
  • Destrehan, LA
Posted

I am evaluating several commercial real estate deals involving medium size apartment complexes near some colleges. The property is listed at 699,000 and is a 16 unit complex. The GRM is an 8.03 and the property is in need of some renovations. I'm trying to figure out the best way to determine the CAP rate in the area. The property is in Hammond, LA. Any and all help, tips, information, reading materials would be greatly appreciated.

Thanks in advance. 

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