Any agent can run comps and give you an opinion but without more data it would be just an opinion.
If it is a rental property the value to a buyer is based on their return on investment. If its vacant and can be sold as TICs the value to buyers is completely different.
What do you want for the property?
Rent control plays a large role in how we evaluate a building and the way these questions are answered will have a significant impact on the property's value.
I may have left some of the questions out. Other Realtors will probably chime in with more if I missed some.
I require more information to provide a reliable preliminary price range for your property. How come you haven't contacted the agent who represented you in the 2006 purchase to help you with this analysis? Are you looking for a new representation? If so, I would like to be considered for an interview to be your listing agent.
Feel free to contact me directly at your convenience.
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
So many questions that would need answers before even providing at a $ range. As a professional I would need to view the property with you, take into consideration all the relevant information before giving you a price. Others have stated some of the important questions so I won't repeat them here.
For a consultation contact me directly, 729-4189
The answer depends on a number of things.
Are the units tenant occupied? Were they all occupied when you purchased the building?
It also depends on the square footage of the building.
All things being considered, the property could be worth from $1,500,000 to $2,000,000.
COntact me if you want a free, no obligation evaluation of the property.
The best way to provide you a reasonably accurate market value for your 3-unit building is by viewing the building, then running comps, analyzing numbers, and taking into consideration the items Cece posted below as well as what upgrades or renovations you may have added to the building. Clearty, you can also go onto sites such as Zillow and get a Zestimate, which is in most cases off considerably. Still it can provide you a starting point.
Feel free to call me at 415-200-7202.
Manzar D. Azari, MBA, Broker, Realtor
"2012, Top Women Owned Business in CA"
It's impossible to assess your property without having a visual inspection. If you'd like to know what it's worth if sold today I can provide a market analysis-feel free to contact me.