A first conversation helps us understand the property. As information becomes available, our review separates what the owner supplied, what we assumed, and what still needs verification. The example below is fictional and is not an offer, appraisal, or market recommendation.
Operating expenses include taxes, insurance, management, ordinary maintenance, and owner-paid utilities. NOI excludes debt service, income taxes, depreciation, and capital expenditures.
At an illustrative 8% capitalization rate, $70,000 of NOI implies $875,000 before property-specific adjustments. The 8% is an example, not a Minnesota market benchmark.
A roof estimate, lease expiration, environmental issue, or unusual expense requires separate review. Capital work and reserves are shown separately; they should not disappear inside an unexplained offer discount.
We discuss the assumptions with you, identify any missing information, and determine whether to proceed toward a property visit and written offer. Land and vacant buildings require a different approach from this income example.
Compare cash remaining after selling costs and debt. An initial response within one business day is an acknowledgment and next-step discussion; a completed valuation depends on the information available.