Finally, I would evaluate the demand for retail space of the same square footage in that market: what is the vacancy rate, 12 mo net absorption, and SF under constructions.

I want to capture and monetize all the wisdom I am reading but I am really not able to follow  even by googling a lot. 

If the new team/owners continues to push membership monetization and diversification, BP will fall.

How long are you willing to give yourself before you say ok this is not working or not monetizing. 

So many, like 98% of people, forget that ownership of the real estate does not matter, and is NOT the goal, CONTROL use and monetization of the property is what we want and all that matters. 100yr mortgage with ability for 187% COC yr1, yes please! 

I sold this building essentially last year after it provided (with work self-managing) on average $1200/mo net cf. 

Banks built amazing liquidation strategies post-'08', they found so many ways to monetize an REO it would make your head spin, and yes that includes holding a vacant property on balance sheet. 

If there were no demand, that monetization would NOT be there.     

I have warranty, nifty features, can market it as new to monetize that AND get all that sweet depreciation buddy!  

There a many ways to monetize a timber stand.