Help me value a domain name!

[dillmedia]

Have any of you bought a domain name with traffic? I have an opportunity and the seller has asked me to make an offer but I have no idea where to start (or if I can afford it!). Here are the hightlights:

It's a country-based community site (essentially non-adult) with chat and profiles for free

Has a 4 PR and a 290,000 Alexa rank

The owner says he gets 3,000 uniques a day and 4 million hits a month

Is in major engines though not optimized

Has a simple name with two English words, though the name doesn't tell you too much about the site (except the country name)

The owner currently makes no money on it, though he's never tried

Probably looking at buying the domain name and installing my own directory. Might also see about buying the site outright. My goal would be to monetize it through traffic to sponsors and traffic to my own niche pay site (related to the country)

Any thoughts?

Thanks.

[OTerror]

sounds like a good opportunity.. 3k unquie a day?

does he prove these stats?

[dillmedia]

sounds like a good opportunity.. 3k unquie a day?

does he prove these stats?

Haven't asked yet but I would want to see the log files first, especially what countries the traffic comes from.

Guess I'm also a little concerned how much of that traffic is current site members who will have no interest in even a non-adult directory. Not sure how that kind of non-adult traffic converts.

[thedino]

Be carefull, I bought domain name 2 times thru Sedo and it was supposed to have 1000 uniques per day. Gues what ahppend when I got that domain Did the same think second time different seller and the same .
So let the seller show you stats and make sure that visitors are comming from sources that will stay long for long and are not owned by the same person as a seller.

[dillmedia]

Thanks for the great advice!