There is not really enough information to give a completely accurate answer. Put a 7 cap on top of the rent and you get a value of $223,500. However where is the property, how big, what is the current and future use, what is the condition, what are the landlord's current obligations towards expenses (taxes, insurance, CAM, replacements)?, whose is the tenant, what's their credit?
It is a simple and very good question, but the answer must be well thought out.
Oct 5, 2017