I have the opportunity to purchase an existing bank building with drive ins. I need some heads up on what a bank can pay for rent. Space is all first class and on the ground floor. Approx 8000SF. Bank has control of large meeting room in lower level. There are four drive ins. The location is major metropolitan at the corner on a major arterial...US Route. Two story building...impresssive, with sub tenants on upper floors. I know how to price the leased space but have no good clue as to what a bank can pay for this type of space. Bank owner is leaving the space...they owned the building, so no historical rent can be detrmined. Thanks for any help.

For rental rates use a service like loopnet.com with keywords such as "bank" or "branch".

Not much information on loopnet. thanks

Contact a comemrcial appraiser in your area, preferably MAI. They will have the best data on market rents for that type of property.

There is no way to tell you what the rental rate should be since it is determined by the market. Services like loopnet are a distant second to consulting with a realtor. I suggested it because it can put you in the ballpark if the city in question has an active real estate market and you know the characteristics of each neighborhood.

The question that you have to ask yourself is why is the bank owner leaving the property?