I'm hoping for a cap rate of 10% but I know that will be hard to come by.I need someone who is local to the area, has experience with investments, and has a pulse on the current market. 

Same holds if you plan to use a {capped} variable rate mortgage product (2.6 -3.1% at most of the banks) - you must still qualify at the 5yr fixed w/ 25-yr amortization.

Some deals give you a cap of 5%, some 7%, and more if lucky.

Take market rents per sq ft and then get a cap rate to cost.Honestly you might want to forget the strip center if you can land a national STNL tenant for the site.

But looking into some detail and we found that the appraiser had forced a $30K "management fee" into our NOI and now we only have $120K NOI.Also the appraiser got a cap rate survey from a company in Florida.

I thought the EIDLs had a cap?

Now in 2013 most will accept a CAP rate of 6%.I hope they release inventory by amending AB284/AB300.

If that is true, then a cap rate of 7 would value the property at $84k.

So i see a lot of people ask what to use when estimating a vacancy rate or a cap expense rate.

Right now the HELOC is 4.4% with a cap of 18% and minimum payment of 1% of the total balance.