Price Range For Building Apartments

[Tom Scott]

First, I should point out that I am in no way venturing into the world of commercial real estate development.......at least not yet. But my area is expanding and one area in particular is seeing a lot of growth from large lot single family to commercial/ high density residential. As a result a lot of property is going up for sale in the area and I started to wonder how much it costs to build a basic apartment building. How does one estimate such a cost? Is there a rough price per square foot cost one can use or is one of those each case is different situations. 

Of course every project would be unique, but I think it's a fun mental exercise to run the numbers on big deals like this to see what the possibilities are. Who knows, maybe one day it will come in handy. 

Tom