Commercial Real Estate Valuation in Henderson & Las Vegas
Finding an accurate valuation for your property based on current market rates can be a challenge. However, it’s a necessary first step to take before selling your property, renting it out, borrowing against it, or starting any other project with it. In a dynamic market like Las Vegas, property prices can vary widely across the city and over time. You’ll need the latest information about the local real estate market to make the best decisions for your business or portfolio.
What Is My Commercial Property Worth?
When you’re trying to find the value of a particular property, it’s tempting to look online for information. Unfortunately, online calculators won’t always be accurate, as there are many different subjective factors that affect the valuation of a commercial property. Some factors that affect a building’s price include its location, how much income it generates, and the cost to build a similar one in the current market, its maintenance costs, the quality of the tenants and terms of the existing leases.
When determining the price of a commercial building, there are several different approaches you can take, summarized as follows:
- Cost Approach: How much would it cost to construct a similar building right now?
- Sales Comparison Approach: How much have similar buildings in the area sold for?
- Income Capitalization Approach: How much can you expect to make over the life of the property?
- Value Per Gross Rent Multiplier: Is the building undervalued relative to its price?
- Value Per Door: How many units are in a building and what are they worth?
Each of the above methods has benefits and drawbacks, and won’t be applicable in all situations. For example, there may not be any similar buildings to compare past sales with, while the Value Per Door approach is most suitable to multi-unit buildings. Much of this information may be subject to change at any time and won’t even be publicly listed. The number of factors and their subjectivity makes it difficult to track prices without investigating each property in person.
Want to Get Fair Market Value for Your Commercial property?
Whether you are selling or need an appraisal for some other purpose, it’s best to see a professional for valuation. They can help you determine the best method of valuation for a particular property. They might provide you with a much different estimate than one you arrived at on your own, allowing you to make better decisions regarding your purchase. A professional can give you answers to the following questions, placing you in a better position to make an informed purchasing decision:
- How much to sell your building for
- Upcoming trendlines that may have an impact on your business
- Your options for leasing back your building
- Taking capital from the property
- CAP rates for the area and building type
- And much more
A professional can also handle all of the work of your transaction, leaving you more time to focus on the important decisions ahead. They can also provide you with market insights that online sources won’t have, and can help you purchase the property you want for a great price or guide you to an even better one.
Commercial Asset Valuation Services
Graham Team Commercial Real Estate can help you buy or sell commercial property in the Las Vegas Valley. Led by Gidget Graham – Broker/Owner, we’re a private company serving clients throughout Las Vegas and Henderson. Gigdet built Graham Team Commercial Real Estate with her experience of buying and selling over $1.3 billion in assets as a developer and an owner. We provide our clients with the service and expertise they can expect to find at a national firm, but tailored to the local market.
Our company abides by the core values of integrity, services, and results at every level, from our team members to our founder. We practice these values daily, whether we’re providing our clients with all of the latest market information or walking away from a deal that doesn’t benefit them. We promise every one of out clients an extraordinary real estate experience at each stage of the buying or selling process. We know that your time is valuable and will work relentlessly toward realizing your goals.
Whether you’re in the market for a multi-family, retail, office, or industrial complex, Graham Team Commercial Real Estate can help you accomplish your goals. We can handle a wide range of transactions on your behalf, whether you’re buying or selling a property, trying to rent, or if you’re looking for a tenant. Let us partner with you to reach your goals. We look forward to hearing from you and building a lasting relationship.
Get in touch with an expert
Let us give you a market assessment and recommendations to maximize your real estate investment.
Give us a call today at 702-536-5200 or fill out the form to speak with one of your experts.