Potential first wholesale deal. Need some advice for comps

[Jay Davis]

Hi All,So I have my first potential wholesale deal here. I have a gentlemen that is very motivated to sell a commercial property that he owes 118K on. He has owned it for 6 1/2 years. He said that had the building appraised for 209K. Of course I am going to do my due diligence to make sure that is the case. All of the buildings in the commercial property are rented. He wants to pull some cash out of it. He is willing to negotiate and wants 145K for the property. My question is how different is the process for pulling comps for a commercial property vs. residential? I want to make sure that I properly get the ARV for this building. Also, I need to go out and check the property for repairs. Any advice that you all can give is much appreciated. Thanks in advance.