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Updated over 1 year ago,

User Stats

25
Posts
5
Votes
Clement Ndifor
  • Developer
5
Votes |
25
Posts

Pricing my commercial rent

Clement Ndifor
  • Developer
Posted

what factors should I consider when pricing my commercial property?

I am doing my due diligence on a commercial building I want to buy for owner occupied usage.

I'm looking to buy for $830,000 at $286/SF

it's essentially a 50-50 split with about 300SF being public space hallways and foyer.

I am looking for advice on how to price this property for the other unit I want to rent. 

Obviously I want to collect as much rent I can to reduce the balance left to me on the mortgage, but I don't want to be greedy, I want a perspective of what I could consider fair market price for space before I factor in my market. 

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