The first floor is a long standing tattoo shop and is close to other retail in a family oriented neighborhood.

If you see strip malls with tattoo parlors and bail bondsmen nearby, it's a pretty good indication that it's not a great area.

Cash invested: $12,000 Tattoo/ piercing shop business currently operating with 4 self employed individuals working there.

Plus @Matt R.In the area I am investing, there is new commercial development (urban feel in the suburbs with artisan trendy shopping etc), but not much new apartments being built.  

It brings to light why some brands i.e.Harley Davidson that people actually tattoo their logo.

A balanced market is typically around 6 months of inventory, so a lower number represents a seller's market with limited inventory.Las Vegas ranks 9th in "10 Cities Where Home Prices Have Skyrocketed the Most Over the Past 10 Years," with Atlanta (8), Phoenix (4), Boise (2), and Detroit (from $53,800 to $245,700, a 357% increase) completing the top 10 list.The first Punk Rock Museum in the US opened in Las Vegas with a comprehensive collection of punk music, lifestyle, and culture; it features a bar, tattoo parlor, wedding chapel, and jam room where visitors can play instruments played by famous punk rockers.

You can do the same for people with facial tattoos, smokers, people that drive a Miata, and professional clowns.

Joshua Tree is cool because the Park is amazing and we're a town full of artists, inventors, artisans, musicians, hard workers everyone!

Sort of like a person with tattoos on their face but dedicates their life in assisting the poor and unfortunate.

If this is in California, you plan to use super high end fixtures, and hire artisan contractors, with all permits and all issues accounted for, you're probably looking at about $400 per square foot.If this is in Atlanta, you plan to use the lowest end materials you can buy, hire day laborers, not pull permits and ignore any issues that are not purely cosmetic, you're probably looking at $10 per square foot.If you're somewhere in between, probably somewhere in between.Long story short, there's no way anybody will be able to tell you how much the renovation like this will cost without knowing specifically where you are, what type of contractors you plan to use, what level of materials you plan to use, and what the specific scope of work is.But, if you check out the BiggerPockets bookstore, they've got a great book on estimating rehab costs and the methodology that goes into figuring out how much it should cost.