Looking for some insight...

[Brian Story]

I'm looking at buying a 9 unit apartment complex. I could probably pick it up for $350K. However, it is only assessed at $180K. Is this normal? Do people generally figure the cash flow into the price? There by inflating the value of the property over and beyond the actual assessed value? I know the county assessment doesn't matter much, but that's quite a spread between assessed value and asking price!? Right???

[Rod Khleif]

@Brian Story I would recommend you focus on the Net Operating Income NOI instead of the value. All commercial property including multi-family valuation is based upon the NOI. That will help you determine the correct value. As previously stated, tax assessment data is frequently dated but you conversation needs to be about NOI.