What I'm trying to figure out is an appropriate cap rate to multiply the accurate NOI with.

I had founder stock in my small commercial bank that got bought by a big bank.. so I got a 5X multiplier I think I bought the stock ( pink sheet about 4 years ago.)I put in a sell order and the funds hit today..

Then multiple by 12 (or skip a step take gross monthly rents and multiply by 6) then divide by whatever cap rate you think is reasonable and compare to sale price.

Multiplied by lot rent per month .

They like low risk and multiply their cash.

I'm the investor in our family: my husband earns money and my goal is to multiply it.  

  ( Douglas Ranch).. its owned by a B guy from Denver he owns the Denver avalanche and i think might have married a Walton.So we get word he is coming to the lodge for dinner.. and oh man you should have seen the staff.. but what happened was his security team came in that morning for a sweep.. and this is a lodge on a 500k acre ranch.. behind locked gates. 

It's a slippery slope and soon you'll be caught up in an avalanche you have no control over.Your bank doesn't care if you lost your job, got sick, or have a new baby.

Multiply that by the complexity of each investor's individual circumstance and you get an infinite number of optimal strategies. 

You can also go to home depot and get the cost of materials to do the job and multiply by 3.