guildeline for purchasing commercial property

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Submitted by anon1402 on November 19, 2007 - 12:07am

I hope that speculative buying is easing. Is there a rule about purchasing commercial property according to rent that is generated?

for example: if a 2000 sq ft building is rented at $2.50 sq ft triple net. That's 5k per month, 60k per year. 10 yr loan would a good estimate for the purchase price would be 600k?