@Jonathan Johnson The great thing about commercial properties is value is vey straightforward. Really there is only one variable, (I'm probably going to get hammered for this) the capitalization rate. Just so you have an idea. It is pretty straightforward. I conservatively estimated the gross rents, I found most of the other expenses taxes, insurance, water, landscaping, management, etc. and exaggerated the others. Came up with a Estimated Net income and divided it by a very high (once again conservative) cap rate and cam up with the ARV. I might post the actual numbers I used (don't know yet). I have experience in rehab so I estimated the rehab and added a healthy margin for the known (there always is) unknowns subtracted profit and and came up with the MAO. Then I threw that number out the window and asked the seller to give the property to me for the back taxes and kind of went from there. Let me know if you are getting this its all very scientific.
