Retail/Office Condominium Deal Analysis

[Amit Rana]

Hello experts,

found an interesting retail/office (commercial) unit in a great location (A+) and since this is my first commercial unit, I wanted to review the numbers and get advice on what to look out for.

List Price: $199,000

Gross Area: 2035

Net leasable Area: 1830

Monthly Rent: ~$2500/month

Estimated CAM/sf: $1.15

Tax: $9777

Cap Rate: 7.6% 

Cash ROI (assuming cash purchase): 11.71%

Is there something else I should be considering?

Thanks for your help.