Commercial Property Valuations Brisbane
We are independent property valuers with over 30 years of experience in the local region. We have the skills, knowledge, and expertise to offer accurate commercial property valuations for retail, agricultural, industrial, and hospitality properties across the region.
Commercial Property Valuations On The Sunshine Coast
Our specialist team of commercial property valuers can undertake the valuation and assessment of commercial properties and assets ranging from small suburban commercial premises to huge commercial properties worth over $5 billion. We offer commercial property valuations to individuals and organisations in a huge range of sectors, including:
Our commercial property valuations take into consideration a huge range of factors from the value of the land to the surrounding area, sales data, rental yield, and more. We can help you to understand exactly how much commercial property is worth and how we reach this conclusion.
At Peterson Property Valuations, we help you to understand what your commercial property valuation means and how it can help you to make smarter business decisions.
Our property valuations and insights offer accurate data on not just the value of commercial property but an accurate analysis of changes in value, growth, rental yields, local trends, and more. We can help you to make sound business decisions whether you’re considering selling a commercial property or leasing it.
We endeavour to publish our reports quickly so that you have access to the data you need as soon as possible. We aim for a turnaround time of five working days or less, and our team has the skills to appraise the value of commercial property from all aspects, taking into account its potential as well as its current condition.
Why Choose Peterson Property Valuations
Our team of qualified valuers have years of experience valuing commercial properties in the local region. You can be confident that we understand the local property market better than anyone else, and we pride ourselves on offering excellent customer service at every stage of the process. Work with Peterson Property Valuations because we can offer you:
If you’re looking for local property valuers that you can trust, call us today.
Commercial Property FAQs
An Australian commercial property valuation is a report that provides a detailed description of the market value of a property. It is usually used to determine how much it would cost to buy or sell a building, and also helps in determining insurance premiums. The process involves many different steps, including gathering information about the property and comparing it with similar properties that have been sold recently in the area.
The main difference between a commercial property valuation and a domestic one is the factors used to determine their value. A commercial property valuation is based on the amount of Net Operating Income (NOI) it produces, not the value of the land (which doesn’t produce any revenue). A domestic property valuation, meanwhile, uses the sales comparison approach, reviewing all elements of a property such as location, age, square footage, landscaping, condition and the number of bedrooms.
During a commercial property valuation, a valuer will look at several different factors, which are usually related to the property’s income and operating expenses. These include:
- The property type (office, retail, leisure, healthcare, industrial)
- Market rental yields
- Square footage of the property
- Parking spaces per square foot ratio
- Existing leases and rental rates
- Rental rates of comparable properties in the same market
- Vacancy level of similar properties in the same market
- Historical operating expenses
- Proximity to local transportation options such as buses, trains and motorways
- Maximum allowable depreciation
- Known operating expenses for comparable properties in the same market
Commercial property valuation prices are affected by several factors. The most important factor is the current economic climate. For example, if the economy is strong and many new business ventures are being undertaken, then commercial real estate will probably be more valuable. If the economy is struggling and businesses are closing, then commercial real estate may not be worth as much. Other factors that affect prices are population density, construction costs in specific areas and lease rates.
You can also get an idea of how much your business premises are worth by researching current market trends and comparing them with previous years’ data. The valuer will usually use a combination of historic data they have gathered alongside and any information they’ve collected during an inspection of the premises to assess its condition and location. By pooling all of this information together using data analysis software, the valuer can easily spot any trends and come up with an accurate figure.