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Updated over 13 years ago on . Most recent reply

Jerry D.'s profile image
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Jerry D.
  • from Houston, tx
  • Member since Dec 5, 2009
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Jerry D.'s profile image
Jerry D.'s profile image
Jerry D.
  • from Houston, tx
  • Member since Dec 5, 2009
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Jerry D.
  • Houston, tx
6
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77
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Commercial Real Estate Investing

How to price a storage unit with no tenants?

Jerry D.
  • Houston, tx
Posted

Found a unit that is in foreclosure and has no tenants so no noi. How would you project income and thus price and cap rate.

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Rich Weese's profile image
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Rich Weese
  • #2 Off Topic Contributor
  • Real Estate Investor
  • from the villages, Florida
  • Member since Sep 25, 2008
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Rich Weese's profile image
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Rich Weese
  • #2 Off Topic Contributor
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  • from the villages, Florida
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

As an owner of one of these, I'd be concerned about why are there ZERO tenants first? I'd be nervous about adding this one to my properties befor a lot of researc. Impossible , imo to guess roi without knowing what you are encountering. Rich

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