Small-Bay Flex Industrial Warehouse Solver

Underwrite multi-tenant small-bay flex industrial parks leasing 1,800 sq ft units with private 14-foot grade-level overhead doors, 3-phase power, and air-conditioned offices to trades contractors.

Square Footage & NNN Rent

Total Rentable Industrial Flex Area (Sq Ft)

Annual Base NNN Rent ($ / sq ft / yr - e.g. $22.50)

Market Exit Cap Rate (% - e.g. 6.25%)

Annual NOI & Commercial Valuation

Annual Gross NNN Lease Billings (32,000 Sq Ft)

$720,000 / yr

Net Operating Income (NOI - 8% Mgmt/Reserve)

+$662,400 / yr NOI (92.0% Margin)

Stabilized Commercial Property Valuation

$10,598,400 Asset Value (6.25% Cap)