There you go again. One sentence the value is cash flow/cost of ownership and the next sentence it is some underlying mystery value of the property and the area it sits in. You were right the first time. The true value of an asset is the discounted cash flow it generates.

FWIW I wasnt saying one or another was a better buy. The SB property in question sits right on SB Parkway (i.e. within about 30 to 40 ft) and in my book that is showstopper.