Are you trying to figure out what you should/could pay for it? Try to get some details on taxes, and what would the property rent for, if that is your intention.
not knowing what your goals are or plans for the property it is tough to get into the weeds on this deal. For me the numbers would not work. At the very basic level this does not meet the 1% rule personally I think you could find a much better return on that money. Just my 2 cents and your goals and threshold may be different so let’s see what other people have to say.
YeahI thought about that 1% rule. I would like to flip the property and subdivide the rest of the land, but hold onto the land with the tower on it. Even so, how would you begin to Value the income stream from the tower? Especially since it has the 15% raises every five years. Would I just use a cap rate?
DM me , I'd be interested in buying the tower from you