6000 sqft property for sale

[Ankit Patel]

hey all i own a piece of property that has 6000 sqft retail space, it is mainly a shell branded gas station with two shopping spaces. it is all leased out the rent i collect is about 145k year. the taxes and insurance run 10k for the year. what do you think would a fair price to sale the real estate at? it is right in the best neighborhoods in the city and all the development is happening around the site. i think my building will appraisal for the amount I'm looking to get around 2.2 is that a reasonable asking price?

[Joel Owens]

Hi Ankit,

I would have to know the address and see the property. Is it in Warner Robbins??

Are you trying to sell the business and the real estate or is there an owner operator there and you just collect the rent for the gas station and the other 2 tenants??

2.2 million is pretty high.

At 135,000 NOI that would be a 6 cap with just the taxes and insurance showing but there are more expenses than that.

Are you trying to do an outright sale or a sale leaseback?? Commercial is what I do day in and day out. How many acres is this parcel??