NOI & ARV Commercial Multifamily (Question)
Hey BP family,
I got a question I hope someone can answer. This all gears toward getting a predication on what my ARV will be on a commercial multifamily property. I'm running into a catch 22 where I can't determine my ARV because I don't know what my CAP rate will be and I can't assess my CAP rate because I don't know what my ARV will be.
What I've learned is ARV = NOI/CAP and CAP = NOI/VALUE
How do you get in the ballpark of what you're ARV or CAP rate will be after repair?