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Updated over 12 years ago,
Analysis of mixed use property
I need help trying to figure the value of the commercial side of a mixed use property. It is a rehabbed school and I can figure the apartment side, but, I have no experience on how to value the commercial spaces. They are 3 offices rented to a tax preparation business, a psychologist, a religous based family services organization. There is also a preschool and they rent out the gym for weddings, meetings etc. The leases are to run 1-2 yrs more. The tax guy and preschool pay their own gas/electric. The total rents are about $32,000/ yr. (including the last 6 yr average on gym rental).