Your best bet is to contact an MAI appraiser in your area and ask for a feasibility study as to the highest and best use.It's not always up to you from a market aspect, unless you build it. 

So, take your time, ask a lot of questions, and keep studying. 

And I kinda studied them a bit, and here is what I deduced.1.

So, long story short, because I had saved up to invest and started studying the market already, when it crashed I had was sitting on a pile of cash and educated in the local market.

I have a trade’s background and studied Construction Management for three years.

I've done a lot of reading and studying and guess I don't want to mess this up being my first deal.

Learn and study all the rental laws and be prepared for the next time....but next time you won't wait months.

Upon which point you will be able to get a Rent Comp Study from a HUD approved appraiser determining the rent going forward.

Multi is cooling from what I hear.Amazon and on line retailers are really starting to impact the commercial retail landlord ( big malls)some studies indicate over 2 billion surplus sq ft of commercial retail.High end is cooling in some markets  think Texas we are seeing that.. there is price push back from the buyer.other markets like what we are doing in Charleston is off the charts with prices rising 20% in one year on new builds...

Now it would be interesting to have a study of sales verse refinances done, but I doubt anyone will commission that study, but my anecdotal evidence has pointed me towards a certain conclusion.