I typically use $0.15 to $0.20 for pricing most commercial buildings (used as office and warehouse combo). Investor called wanting a bid on inspecting a bldg he wants to buy (10,500sf office / warehouse bldg). 25% office and 75% warehouse
Is vacant for a year or 2. It has 4-5 roof-top pkg units (L/Agent could not remember which). No internal roof access and 30’ 38’ high roofs. 4 or 5 overhead garage bays for tractor trailers. No idea how many electrical panels, water heaters, bathroomss, if kitchenette is present, etc. I shot them a range of $1,600- $2,000 depending on what I find when I get there, time, etc for roof, foundation, main mechanicals, main electricals, main plumbing, baths, site, exterior, etc.
They came back and said they have just told the seller remodeled the inside and made it a 2-story office with about 4,000-7,000sf more finished area AND they want the bldg inspected like a home insp (room by room, etc). AND they said they would pay $1,650 total.
Looking for opinions of price structure for guys doing commercial buildings.
Same outside footprint BUT now 75% office / 25% warehouse.