First Commercial Listing(s) ...

[Josh LaVerdiere]

Hi there,

This is my first post on BiggerPockets but I have been a long time lurker! I currently sell residential R.E. and I am about to list my first big commercial properties. I have tried every which way to find the value of the properties, but there is a very large gap in the numbers. What I am trying to figure out now is "What would an investor be willing to pay for these." The short run down is this... There are two Rx properties that have NN leases where owner just has to plow and maintain parking lot.(New England) The net income is 340k a year combined for both stores. What would your average buyer be looking for? The leases are good for another 5 years and both stores just had major overhauls by the tenant. We have had offers pre-listing for over 4m but I cannot seem to get a solid number as to how high an investor would be willing to pay, although I know it is all speculation until it closes! Well sorry for the long post but thank you in advance!

JL