Profile picture for jg11

Where to I find value estimates for commercial property (apartment buildings)?

  • August 23 2010 - US
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Answers (4)

Profile picture for Kevin Baird

Costar is a great site for comparables on commercial property.  Since there is a fee to use this, you may want to consult a commercial broker and have someone working as a buyer's agent for you.  They will be able to provide you with these comparables and help you make an informed purchase decision.  If you are seeking financing on your purchase, the appraisal is a good negotiating tool as well once under contract if the appraisal comes in below the accepted offer price.

  • September 01 2010
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Here is a list of Real Estate Associations. There are several that may apply to your situation that can provide more insight.
 http://myocinfo.com/real_estate

A 5+ Multi-family property may be valued differently from others that are basically the same, even if they have the same amount of units and are side-by-side on the same street. Most of the valuation for acquiring financing, is based on Debt Coverage. ..... Happy funding, Rudi
  • August 29 2010
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Contact your local Commercial Realtor, if he or she is a good Realtor, they will know how to estimate the value of commercial property. Commercial property is different from Residential and should be handled by a Commercial Realtor due to many factors that can affect the value of the property.
  • August 29 2010
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This depends.  You can utilize the services of a realtor for residential investment property up to 4 units I believe.  Thereafter, you would need to contact a commercial real estate agent. 
  • August 28 2010
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