(Put an umbrella on top of that, also super cheap.)I would say a bigger “gotcha” to watch out for us many insurance companies are putting mold and/or water damage maximums in their policies.

If that property manager leased up a space in there where it's a 5 year lease at 50,000 a year that is 250,000 X say a 4% leasing commission = 10,000So with one lease they make more than managing the center for a whole year.Now let's take transacting.Say NOI is 150,000 at a 7 cap value.7.14 cap rate at about a 2,100,000 value X .03 commission = 63,000If you work for a commercial brokerage they likely take half of that but if you are an owner and principal like me then you get the whole thing as I own the company.

Let's say a light switch is too close to a sink; or garburator switch too close to the unit, you may need to fix that in a rental.

Their tone, inflections, etc. say a lot.

So say a 4,000 sq ft Burger King would be 25 a foot for the lease.To determine selling cap rate you would need to look at who is going to guarantee that lease when you build.Highest:1.

My best example is that one 2500 sq foot property in a rural area away from the city may sell for $250k, but that same 2500 sq ft property would be valued much higher closer to a major city/ an area that is more sought after due to say a great school system or higher net worth area.

Competitive is hard to say, as it can be a matter of perspective.

Needless to say a non profit scooped that bad boy up.

Hypothetically, let's say a duplex cash flows $150 after all expenses (vacancy, capEx, maintenance, etc) at a 6% CoC ROI.

You don't want to say as needed.