Estimating Market Value for Commercial Real Estate
We are often asked for our opinions on the value of commercial real estate, whether from the property owners or clients seeking to purchase or sell. So how do we go about estimating the market value of a commercial property? There are three main approaches to assigning value to commercial real estate.
- Income Approach
- Replacement Cost Approach
- Market Value ( Comparable) Approach
The key is to apply the right approach to the particular property given the property type and its particular characteristics as they relate to the market. If you are curious about your property, fill out the form and we will put together a comprehensive report.