I just build a 14x48 digital billboard, it cost me approximately $480k to put up.
If the billboard is fully rented out in my market area, it can gross about $375,000 per year. I’ve been approach by different companies that would like to purchase the board from me, and they are asking me what I would like for it.
I am looking to sell it, but I don’t know where to even begin with the asking price. How can I quickly determine the approx. value in order to have a conversation with potential buyer? Thank for your help.