Should I keep or sell an inherited lot? Its located at a chain grocery store on the corner of a good neighborhood.
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[{"id": "i5n9fxp", "text": "1. Determine if you need the capital from the sale.  Will you be better off with the monthly passive income from rent or one lump sum?  Calculate taxes.\n2. Consider a 1031.\n3. Look at comps in the area to compare value.\n4. Potentially speak with an experienced local commercial broker.", "replies": [{"id": "i5o20w9", "text": "Why would he consider a 1031?  If inherited it will have a stepped up basis.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i5nbmfe", "text": "Find a commercial real estate agent to represent you. Find out is the seller will pay the agents fees.", "replies": [], "depth": 1}, {"id": "i5o239o", "text": "If you had the lump sum. Would you buy this exact property?\n\nIf the answer is no, then sell.", "replies": [], "depth": 1}, {"id": "i5od102", "text": "joint-venture and keep it.", "replies": [], "depth": 1}, {"id": "i5qai3e", "text": "Seek a commercial broker or agent. I am one if you want me to give you free advice. I have my own company and only buy commercial for myself. If its out of FL I can't help you. If not, find out the size of it and seek a local commercial agent (not residential) Corner lots are good! and bring in good money", "replies": [], "depth": 1}, {"id": "i5uhfkf", "text": "Net lease broker here. \n\nWe\u2019ve sold a parking lot portion of an HEB in Texas. It was valued on a CAP rate basis. Based on lease term, rent amount, comps, etc.. tenant ended up exercising their rofr and matched an offer we brought in. \n\nIf there\u2019s a right of first refusal associated with the lease, you may be better off listing this on the market to create a competitive process and for price discovery. You may receive an offer that is more attractive than tenants current offer. If tenant truly desires this property, they\u2019d likely exercise the rofr at this higher offer price.", "replies": [], "depth": 1}]