3 unit analysis, residential vs commercial

[Eric Schrader]

Hi group!!

So I have been looking into some deals in my local area. I found one, a 3 unit, and have a question about evaluating the deal.

I have evaluated many opportunities, but this one is odd. So like i mentioned, it is a 3 unit but it is zoned as a commercial property. So, do i need to evaluate this as a residential rental or as a commercial property with its associated cap rate?

Thanks