How to value small mixed use property

1 Reply

Hi y’all

I’m looking at buying a small mixed use property. It has 3 apartments and a storefront. Also the garage is being rented out.

I am going to put a light rehab into it and would I delay like to refinance all my money out of it.

I am just confused on how this property is valued? Is it just based on comps? Or cap rate? Or both(cap rate for the storefront and comps for the other apartments)?

I can’t really find any comps for it. Just one property that has currently been on market for around 50 days.


It will be very hard to find a comp for that. Cap rate will help you get an idea of what it is bringing in so that is a great start. With its many avenues you can rent all apartments, the store and garage for miscellaneous income.

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