What is a typical cap rate for older retail strip type buildings?

I live 2 hours away and I have a management company managing this rental.From what I've read it has become very difficult to transfer a property into your LLC with keeping the mortgage conventional.If I leave the mortgage where it is, and flow everything through the LLC, am I still protected?

For a quick back of the envelope figure out the NOI from proposed lease and expenses then divide by prevailing cap rate for comparable properties.

In those areas investors will be looking for at Least a 12% cap rate, probably more

Taxes are $500 a year and insurance would be cheap for me.Here are the numbers :14% Cap RateTotal Monthly Income: $375.00x50% for Expenses: $187.50Monthly Payment/Interest Payment: $134.90Total Monthly Cashflow using 50% Rule: $52.60One benefit is this house is two blocks from my house, and is in really good condition.What does everyone think about this deal?

I couldn't find anything in the area on Craigslist other than the apartments mentioned below & by padmapper.I've driven the neighborhood and there is a complete lack of "For Rent" signs out.So the deal is make/break on the monthly rent:- $800/month the deal is too thin, with predicted cash flow at $42/month, Cap rate at 11.5% and CoC of 3.1%- $950/month the deal is pretty solid with cash flow at $168/month, Cap rate 14.1%, and CoC of 12.4%Home details:-Home is owned by Fannie Mae.

Hi @Joel Owens I've worked with commercial brokers before and I know deals are much more difficult than just about any residential deal.

Up/Down units can be a bit difficult if the sleep schedules of the two units don't align.

Sorry for all the caps, just writing with emphasis.

I'd love to find a mentorship but I think it may be difficult considering I'm between two different markets.