By: Tim Heiman

Tim Heiman — Wed, 12 Dec 2007 04:35:01 +0000

I am in just the reverse situation, I am 25% owner/partner of a building with 10 acres of land and 160 acres of farmland. on the books at 1.63 million with everything completely paid for. We have a remaining 17 year lease with 2 years @ 12,000 a month, 5 yrs @ 13500 5 yrs @ 15000 and the remaining 5 years at 16500.
the land part of this is cash rented at 21,000 per year. Land was bought 2 years ago at @ 2300. per acre and has gone up in value to 3,300 per acre. The land that the building sits on, this land we paid 410,000. The building currently occupys 2 acres with interstate exposure. there are 2 more acres still available with interstate exposure with the remaining 6 acres set back. Building was put up for 850,000. 3 years ago. Not counting any extra value for the building and 10 acres of land what kind of asking price should I be asking for my 25% share?Iam mostly looking for rough idea so I can guage it against what they will be overing. It is a situation where we are all equal partners and 2 of them want to buy the othe two out in a freindly transaction. Thank you for your time. Tim Heiman

By: John Smith

John Smith — Thu, 29 Nov 2007 06:42:52 +0000

Would love to see a version of the spreadsheet as I am considering investing in real estate. Many Thanks, JS

Comments on: Valuation of Rental Property: Gross Rent Multipliers

By: Tim Heiman

By: John Smith