Updated almost 18 years ago on . Most recent reply
Need help finding of a piece of commercial property
I'm looking to purchase the property that my family has ran our business out of for 30 years.
how do I value the property?
Is it valued by the income it produces?
the tenant lease it yields?
the future value/potential of the property?
a combination of all of the above?
the property is a convenience store / shell station.
the land is about 1/2 acre with about 100ft of frontage on a very busy highway.
we currently pay $4,300 a month for the lease, which we can easily afford and still pull a very good income.
any advice would be great, and more information is available upon request.