A friend of a friend has asked me to help them buy a church. While I have plenty of experience on the residential side as well as apartment buildings, I have zero experience in commercial RE, especially property that isn't expected to bring in revenue or cash flow. While we have found a few properties that meet their needs, I have no idea how to run comps and figure out what to offer.
Can anyone help me figure out how to determine what a fair price is for a church or similar commercial property?
More real estate tips at Program Realty Wix site