Commercial value / State buying property

[Matt Todd]

I have commercial property that generates $144,000 per year on NNN leases. My mortgage totals $36,000 per year.

I am nearing a condemnation offer from the state due to a new bridge going through the property.

I have never had an appraisal done, but did have a broker value the property a year ago @ $1.2MM as an investment property.

Is there a standard formula or process that reflects the value of the income this property would produce for my family over the next 20-30 years? Will it be difficult to convince the state of this value vs. appraised value?

Any help or advice is appreciated, thanks.