Video World building
Current condition of property:
This small one-story structure is in average condition and would require moderate work to meet code standards. The Video World business is marginal at best, suffering because of the many online videos now accessible. The building's small size minimizes investment potential, but it is located at a strategic, heavily trafficked corner of the downtown.Project potential:
Market value of this property as is: $105,000
...Value of land alone: $50,000
Size of floor: 25x50 ft.
Current income of the ground floor ($12/sq.ft./year)
If the building had a full rehab and a new tenant:
Cost for minimal rehab ($60/sq.ft.)
Potential income of the ground floor after rehab ($18/sq.ft./year)
|A financial analysis may be completed for this building using a pro-forma app.
Simply fill in boxes to determine its "Return on Investment" potential.