How much is my property worth?

In Market Conditions - Asked by gloria f. - Sep 8, 2010
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Answer(s)

Deborah M.
Broker/Agent
Vacaville, CA

I would need to know more about your property. Where is it located? City and State. What type of property? Land? Building? Lot size? Square footage of the building? What is the current Zoning?

Sep 8, 2010
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Kevin O.
Broker/Agent
Kennewick, WA

Good day Deborah,
This property is an active Sod/Turfgrass producing farm. It is located 15 miles north of Pasco, WA. It is located on 640 acres, a full section of Well Irrigated land. The Company (See the web-site "IdealSod.com") and land are for sale for $5,000,000 for fully qualified buyers.
For further information please do not hesitate to contact me at "KORorke@NaiTri-cities.com" or call me on 1-509-943-5200, or 509-551-7122.
Regards,
Kevin O'Rorke.

Sep 9, 2010
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Anthony M.
Broker/Agent
Sarasota, FL

If your property is a rental property, take the Net Rental Income at 100% occupancy, take a 10% vacancy, a 4% Management Fee and a $0.15/sf reserve. The resulting number, your net operating Income ( NOI) should then be divided by the CAP rate, which is the rate an investor will accept for a property. Since I don't know the property, a good apartment house today would have a 7-7.5. Anything else would have an 8-8.5 and retail, unless it is over 80% credit, would be a 10+. That will give you the value. From there it gets complicated. You have to then adjust for your market but this is a start.

Oct 5, 2010
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Glen W.
Lender/Mortgage Broker
Atlanta, GA

What someone will pay for it & what someone can get financing on. Type in your zip code into loopnet and see what properties are leasing for per foot and what they are selling for, also look at the recent property sales in your zip code on loopnet

Feb 2, 2011
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