Is the commercial market up too?

[Chris Branca]

I just got an email from a commercial realty group providing me with an NOI very close to what I am currently operating at and their suggested valuation of my property. I was surprised when I saw their valuation at almost double what I paid for it 3 years ago, they are pitching this at a 5.5% cap rate when we bought it at like 9-10%. While its a great sales technique on the agents side, If it does command that value, then why wouldn't I just do a cash out refinance and keep this one in the portfolio vs a full on sale? Any noticeable pros/cons?