Determining the value of commercial real estate is more art than a science. An experienced commercial broker knows how to combine market knowledge and data with the appropriate valuation method to develop a commercial property valuation for the current market. The following discussion will outline the four main methods for commercial real estate valuation. These methods can be used to develop a baseline for understanding the value of your commercial property.
How Can I Maximize the Value of my Commercial Property?
This is a great question, and we love to hear that your invested in improving the value of your commercial property. It is always a good idea to keep up with regular maintenance and janitorial concerns, and to fix any broken items in your building. But any major remodeling of your building may not be necessary, especially for hot markets like Denver, Colorado. The best way to identify opportunities to grow the value of your commercial building is to discuss your capital goals with your commercial broker. They will be able to develop a pricing strategy for your property and have a pulse on the commercial market, so they can make suggestions if there is a large gap in your goals and the fair market value of your property.
What to Expect from Your Commercial Tax Assessment As we wrap up IRS tax season, and move into annual property tax assessment season, in Colorado we’re seeing record breaking increases in tax assessments. Commercial tax assessments outline the value the local government uses for property taxes. Being informed about how local governments determine tax value […]