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Updated about 6 years ago on . Most recent reply

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Commercial Real Estate Investing

Business owner. New investor

Alison Lager
Posted

I could use a little help. I am considering a commercial property for sale by owner. I do not know how to determine its value.  He’s asking 590,000 and rents would be 1700+1200+2500.  Taxes 15000.  Great location bad parking. 

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Without knowing a whole lot more like expenses, type of building , condition, location, history of occupancy, etc. it looks like it’s priced high for a smaller 3 tenant property.

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