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Updated over 3 years ago,
ARV on a commercial property?
Hello!
My question is how do I know my ARV on a commercial property when there are no comps within 2-3miles? This property is a 6 unit that is listed for 200k and rents are between $750-$800 monthly. Needs some work but just cosmetic updates. Maybe a 8%-9% cap rate.
Thanks everyone!