Before you make a change, look at your competitor's properties.

We'll scrap the idea, but monitor what our competitors are offering. 

The problem with commodity-like products is that your rent potential is somewhat controlled by your competitors who own similar properties.

Due to blogs like bigger pockets and many other naysayers and competitors that have been all over us we have lost employees and clients.

I like this site because it is on I-10 and 101, two transportation corridors, not far from I-17, two big hospitals, cancer center, Ak-chin Pavilion, Phoenix Raceway, Luke Air Force Base, Camelback Ranch spring training, 6 miles south of Westgate Entertainment District (high rates and year round demand), and no comparable competitors. 

The numbers looked great until my dad came into town and found new competitors opening up shop, and tons of deferred maintenance on the buildings.If the numbers are good, one of my rules of thumb is to ask myself...

You know how much your competitors are willing to pay, and the highest bidder wins.

They see someone leaving as they arrive, and as I walk them out from the showing another "competitor" is pulling up. 

They gave me a bid and it seems to be less than $2000 lower than the other competitors.

@Brent Coombs Very tough to find good deals in major metro like Philly, demand and cash competitors drive prices up so a 10% cap rate is tough- as for interest, not much I can do about that except use as a deduction, this is an FHA loan so for 10K i can realize significant deprecation and expenses-  however I do agree that price for rent roll is high, seller has had building for 10 years so he isnt very motivated to sell as his price point is much much lower (220K).Thank you for your input!!