Are you telling me that this is a vacant building, way out in the ‘boon docks’, that is zoned commercial?
Maybe the ‘highest and best’ use is not commercial but, say, an apartment complex.
FMV—
1… check with county tax office for their assesement value (usally way off)
2… start researching for sales and listing of every type of property (to include raw land) that is located in the area.
3…Rent roll—What is the estimated Gross Rent that it could produce if it was rehabed and rented out?
Key point here—if it is a ‘money maker’ WHY WOULD HE/SHE WANT TO SELL IT?
my 2 cents
Donald