I sold my 3 least fave houses into the froth and moved to odd, unfinanceable assets and repurposing type projects for something more interesting with little other buyer interest.As a developer, maybe look into land or retail/industrial that can have a variance or re-zone or repurpose.

Unless something unusual is going on in your market, most retail houses sell for +/- 5% of asking price.

Who's going to buy this property at retail? 

From reading posts on BP, I'm getting the impression that commercial real estate, specifically retail and office space are in the recovery stage.  

Started by Paul Singh"however I know there have been at least 3 threads started since then, with "CAP rates will compress in Retail and Office Space?"

I would really want some shot at decent appreciation, and being able to sell to a retail buyer as an exit strategy (at least a shot) sometime in the future.   

I am planning on going after a few retail centers at Auction that look good.

All the properties i own here in my opinion are already significantly lower priced by the tax assessors compared to retail value.

First you need to do some homework, find out what the home is worth in its current state, if it is distressed, how much to get it rental ready or for a retail sale?

It would have to be enough to compensate them for relocation expenses, plus something extra to incentivize them to move.Apartment complexes do this all the time when someone wants to tear down the complex and put up a retail center, office building, etc.