What is my commercial property worth?
” This is by no means an easy question to answer and to be perfectly honest it’s only worth what someone is willing to pay. Having said this, we do however use a number of basic formulas so as to calculate the value of commercial property. The first method We will measure the land and determine the square meterage. We will then determine the market value per square meter which is dependent on the area in question. We then multiply the square meterage by the price per square meter. This will give us a rough indication of the value of the land. The price per square meter normally decreases as the size of the land increases. The price per square meter will also be affected by factors such as the proximity to road and rail networks as well as by shop frontage, foot traffic and so on … After we have evaluated the land, we will evaluate the improvements such as the height, size and general condition of the buildings. It is normally quiet simple to determine the replacement value of the fac
