Help with determining a mixed use building’s sale price

Rental Property Investor · Greeneville, TN · Member since 2020 · 27 posts · 8 votes

I have a 6 unit building that I’m wanting to sell. It has three 1/1 apartments downstairs and 3 offices upstairs. I have been told it’s worth anywhere between $350k-$450k which is a pretty wide range.

Please advise me.

The noi last year was $36,072

What else is needed to help with this valuation?

Podcast Guest on Show How to Buy Your First Rental Property When You CAN’T Get Approved for a Loan

0 Reply

94 views

2 Replies

Jump to latestLatest

Sort by

Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
5mo
We would need the address, the condition, interior photos, etc. Your best bet is to spend the $1,000 to get a commercial appraisal on the property, as at the end of the day that is going to dictate the price.
7e investments53 Reviews
Website View Page
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.