10780 Highway 178

2700 sq ft Industrial building for sale. I talked to agent Shelly Bookwalter (Century 21) today and she said that Rokmasterz owns the building and occupies it. They apparently lease part of it to a cleaning company. Price is $249,900 which is $92.55 per foot. There is a storage building in the back. Shelly said you could lease the building for $3400 per month but that's a joke. I say more like $10 per foot (that's generous) which is $2250 per month. At 2250 per month the value is $2250 x 12 months = $27,000 revenue. Less $10,800 (40% ) expenses = $16,200. At 9% cap rate value is $180,000.