Like Roof, exterior walls, inside demo etc etc 

States have varying cap rate compression by remaining term left on primary lease, location with demo's, tenant credit grade rating if any, lease structure and terms, price range, asset type within NNN ( QSR, dine- in, bank, pharmacy, dollar store, auto store, medical,etc.) 

Quote from @Isabel Yang: Looking for recommendations on a good real estate agent familiar with selling multifamily properties in Denver area.   

I can do a demo for you with a screen share.

Very interesting tip#3, I didn't think about skipping demo.

Remember, this is very basic...and these can get quite complex and detailed depending on the scope.These were;Demo/ cleanoutPrep & drywallPrime and paint all walls, ceiling trimPrime and paint cabinets- add new hardwareInstall new counter tops, sink, and faucetInstall LVP flooring in bath and kitchenCarpet squares in living and bedroomsReplace all light fixturesReplace all plumbing fixtures (sometimes toilet and sink/vanity)Add medicine cabinetRefinish shower/tubAdd wainscot and top railAdd new door hardware throughoutInstall new appliances...If you are planning for exterior work like replacing a roof, masonry work, adding siding or windows and doors your budget will double...if you are replacing mechanical systems like furnace or a/c or water heaters...your numbers will change drastically …Most of this stuff can either be estimated per unit or sq.ft. and you can get 80% accurate and build in contingency...What is the type of property, the sq.ft. and is there exterior and interior work...what about the structure...is it good...drainage good? 

However, there was some damage to the ceilings in the demo so I had to do some additional drywall I wasn't expecting.

Hello @Steve Yang.

@Lee Yang everyones pricing is going to be different and the scope of work is going to be different.

The project has started with total demo, some electrical and plumbing.