Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

75
Posts
9
Votes
Skip Gilliam
  • Bluffton , SC
9
Votes |
75
Posts

Is this deal worth considering? Help me with the numbers

Skip Gilliam
  • Bluffton , SC
Posted
Let me start by saying I am new to commercial and need some guidance. Our downtown area here in SC has really taken off the last two years. New residential small pocket neighborhood downtown, lots of new construction with no sign of slowing down. Several newly constructed stand alone mixed use buildings 100% occupied. Some of these buildings are now on the market owned by an investment group. Buildings are very well done, hardie plank siding, metal roofing. The building I am considering is a two story mixed use 800sqft bottom and 800/sq ft top unit listed at $498,000. Listing agent says both are NNN leases. Both currently rented at $1600 month. Lease expires in July 2018 with option to renew. Even if they choose not to renew, I am almost 100% sure it would get filled in a hurry in this location. Land value is around $200,000 from recent sales of lots right next to this one. Worth considering?