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Updated over 12 years ago,
Help me assess the value of this property
The property is 9000 Sq ft build in concrete, 5400 sq ft warehouse(has a restroom but no hvac) divided in to 3 bays (1800 each) and 3600 sq ft office space. The building is in very good shape, probably needs 2 to 5k to clean and fix the building. The current rate for leasing the warehouse is anywhere between 5 to 6$ and office space 7 to 10$. The land next to the building of the same size is listed for 89k. One draw back to the building that i saw is it has prob 10 parking space.
What would be a good price if you are looking for cash flow in the short term and eventually sell it for a profit? How much will it cost to build a building like this?
http://www.trulia.com/property/3055329406-320-Reindeer-Moss-Ct-Myrtle-Beach-SC-29588
Will appreciate all the help!!!