Comping a building,land and business in rural area

[Joe Liu]

Hi guys, I usually deal in residential and I do have my real estate license, so I am a complete newbie to commercial.

I got a lead from my father about one of his friends who wants to sell his building, land and a currently non operational business in a small town in the middle of almost no where. This town isn't that bad in size since it does have a Costco, but its an hours from anything else, so its mostly farms, logging community, etc.

Anyways, I am trying to run comps and there hasn't been much near this building that has sold or even in same industry. It was being leased out so someone who ran it for a few years and just picked up and left in the middle of the night. Its acutally a cattle slaughter house and he has the only license to slaughter cattle in the state. Sits only on 1 1/2 acres though and the slaughter house itself is pretty small (6000 sq ft building).

How might you guys go about in figuring out what its worth? It does have equipment in there. Guessing most of it is pretty old n used. The building is over 50 yrs old and doesn't look all that great.

Lastly, is there a place I can go to pull up the tax records of the last person who owned it if all i have is the addy?

Thanks guys!