Would love you opinion on price of a small strip mall/building.
It is off a busy road in a smaller town area (but still in the Dallas-Fort Worth Metroplex). 3 tenants (800 sqft, 2800 sqft, 1200 sqft). Total approx. 4800 sqft. Coffee shop(1200sqft -- Rent 1050/month on a month to month-- been here 3 years), laundromat(2800 sqft-- rent 2050/month with 6 year lease-- rent increases by 225 next year and in 4 years-- been here 5 years), and hair salon(800 sqft-- $850/month on a month to month-- been here 15 years). He knows rents are under market value.
Operating costs are only the taxes and insurance. Roof is 2 years old.
Like I said, I am very new to this and would love an opinion on what you think this property is worth. Thank you so much.
