Hello! First time poster here, I've read the books and have attended the boot camp. However, when running through real world deals I've come across some bizarre situations that leave me with some burning questions. For example, when a park is bundled with something like a hotel or a small apartment complex do you value it at a 10 cap or 3-5 cap which is what I've heard the going cap for apartments is? What about small businesses like a laundromats or convenience stores? I've even seen a mobile home park bundled with the restaurant, how on earth do I cap that?
In all those cases, my plan would be to divide the parcel (if possible), but how do I handle the initial valuation? Is there even a blanket answer or is it something that depends on the stat/county/city? Thank you in advance.