Cellular tower valuation

My name is James Meehan and I'm an appraiser in New Jersey. I am currently appraising a cell tower with approximately $200,000 in net income. I am looking for a general range of multipliers for this type of property. The owner of the site has indicated that they trade between 8 to 20 times net income which translates into 5% to 12.5% capitalization rates. I was hoping to get a better understanding of this property type from an expert.

James Meehan, MAI, CTA
Ard Appraisal
36 Brant Avenue
Clark, NJ 07066
P: 732-396-1965
C: 908-510-0356

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Sep 02, 2015
Cellular tower valuation
by: Anonymous

Hello James,

your offer is nice but there is some confusion in your explanation. You explain nicely the income source but how can the read explain your idea with the other??

Dec 16, 2011
by: sean (Tower Genius)

This is a little more complex and we would need additional information. We tried to call you but were unable to contact you. Please call us if you still have questions.

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