Now you will see hedge funds and other bidding up to 90-95% of the retail value of the home. 

@Dan Marshall the tenants are protected by their lease, so the two issues re selling now would be inconvenience of showings for the tenants, and whether the property will fetch a higher price as a retail sale (as you suggest) or as an investment...I'm with you--if it's more valuable to a homeowner, you might want to wait it out....or, you could cash for keys your tenants and sell sooner.

IE Apartment buildings, retail, mixed use etc.... 

We are also getting the home for below retail.

MI City has 40,000 people, no large employers, and is primarily a service/retail based economy.

never made much sense to me watching people pay full retail sub too.. margins just too thin.. and I did not have a burning desire to have rentals that made 100 a month LOL..

I'm local to Tampa myself, and work on both sides of the business (residential retail, and investment). 

It is a SFR that was purchased at approximately retail price without any calculations on its cash flow metrics.   

Does a commercial build-out of offices in an office/retail space have any bearing on cap rate?

We also have access to U.S. retailers if needed.