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Commercial property - price history and value
Hello Everyone,
I recently have started learning on REI. I have come across a commercial listing in my area, it is 2000sft shop built in 1960, priced at 200K with cap rate 10%.
I don't know what is the property's real value or worth. Like for residential properties, Zillow provides price history that helps to know price is reasonable or too high. How would I get better info on commercial ones to have my own analysis to decide to go ahead or not.
Could someone provide some direction?
I appreciate your help and time.
Thank you