The value of your property is determined by your net operating income (NOI). That number is the result of subtracting the operating expenses from the operating income. There may also be an opportunity with the present mortgage. The relationship between your NOI and the cost of a new mortgage may present a refinancing opportunity.

Re: The income side: Are you at market rents? Do you have the best lessee profiles occupying your property? Can you generate any alternative income from your lessees? Can your property create more leasable space?

Re: The expense side: Today’s operating expenses should be approached with a zero budget mentality. This requires a line item examination of each operating expense. Tomorrow’s operating expenses will be affected by the extent and quality of the property’s preventative maintenance programs.