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Updated over 3 years ago,
Warehouse, how do you comp? Cap rate?
I have the opportunity to buy a 15,000 sq ft warehouse from a failing business. Right now it looks like the owner will QCD (I can get a Warranty Deed, if needed) and get it at a great price... I think.
I have a lot of residential properties and excellent at comping them.
As for this property, the business hasn't made any money in years and I wont be able to get the NOI. I do not know where to get the cap rate. And of course, I really don't know the value. SOOOOO I dont know what the value is.
Can someone point me in the right direction?