Need help please pricing multi use property

[David Weis]

The building is in the 33603 zip code in Tampa. It is 2 stories. The second story has twelve 625 square feet apartments. The rent would be $800 a month for each apartment. The first story has four 1,875 square feet retail/commercial space. Rents are $20/sf/year.

Asked a commercial appraiser for help and he said he had no idea since there were no multi use properties sold around there in a very long time, thus no comps.

Building is on very busy street. All side streets have residential houses.

I'm working with seller to buy the property. He is waiting for me to give initial offer. Building needs $300K of work.

Thanks for your help.