Question: how to evaluate comm real estate investments?
I want to purchase commercial real estate, but have zero experience in this space. Also with an expenditure cap of 500K I am limited on what I can purchase. Most of listings I've seen have been retail spaces. What's the step by step process that one utilizes to evaluate a commercial real estate investment opportunity? How do I determine whether this is a good or bad investment opportunity? Beyond the subjective, are there objective tools that can be used to determine whether a retail space is in a good location that will yield future tenants? Thanks