A 5,000 sq ft workshop property, once renovated and rented, is projected to generate $30-40 per square foot in rent (totaling $150k annually) and be valued at approximately $2 million.
"you're going to get about $30 to $40 per square foot on the rentals so if the place is 5,000 square ft you probably get 150 Grand a year in rent which would value at probably in a neighborhood finished and rented would be worth probably a couple of million"