Valuation - visualizing total square feet into something more tangible
19 million sq ft of commercial real estate distributed through 36 states (LA, NY and in between).

A broker used this as an example a while back but I didn't think to ask a question till now. How can one visualize this in the form of physical buildings and what might the total assets be worth conservatively?

[{"id": "d9lfvor", "text": "As a point of reference, an average big-box Walmart is about 100,000 sq. ft. As for pricing, it varies so much by location and use that it would be difficult to estimate value with any certainty. ", "replies": [], "depth": 1}, {"id": "d9lk77y", "text": "You would want to underwrite the income for each property. Back of the envelope valuation - direct cap their income based on market cap rates for each market. Sanity check with local sales comps' psf. ", "replies": [], "depth": 1}, {"id": "d9lkech", "text": "You would need more information detailed information to properly vaue.  Assuming this is a  A- retail portfolio and the average rent including box space is $18.00/SF.  Assume a portfolio vacancy of 10%, a bleed on expenses of 3% and a market cap rate of 7%.  NOI is $297,540,000.  The portfolio would be worth $4,250,571,428.57.  Again this is very ", "replies": [], "depth": 1}, {"id": "d9mj6bh", "text": "Once deals start consistently transacting meaningfully below asking on Class A properties, we'll finally see the market correction underway.", "replies": [], "depth": 1}]