One of the elements of comparison commonly found in the sales comparison approach section of a commercial appraisal is for building size. Rest assured, for commercial buildings, size matters. Buildings that are smaller tend to sell for a higher per-square-foot price. This pattern is observed across almost all property types. But the concept is … [Read more...]
City of Opportunity: Nashville
A defining trait of a good commercial appraiser is an awareness of and ability to interpret trends. We pay attention to the top growing cities, understanding that it all can change. A city that has certainly come into our radar is Nashville, Tennessee. There are many reasons why Nashville is worth investing in, but here are our favorite three. … [Read more...]
When Losing Money on Commercial Real Estate Makes Perfect Sense
Today, I'm going to explain how losing money on commercial real estate makes perfect sense. Hear me out. One of the primary methods used by commercial appraisers to value many types of commercial real estate is the 'income approach'. The income approach is an attempt to quantify how much a purchaser or investor would be willing to pay for the … [Read more...]
Multichannel Retailing | Impacting the Value of Commercial Real Estate
I recently completed appraisals of two large industrial buildings in Tennessee. They were leased and occupied by an international company. What interested me about these assignments, and what should interest you too (especially if you own commercial real estate), is the impact multichannel retailing is having on the value of these and other types … [Read more...]
Discerning Commercial Real Estate Trends in Kentucky
It's been a while since my last post. I have been absolutely swamped, working weekends for the last several months. Catching up is always nice but it's a two-edged sword. I joke with friends that I have spent the last twenty-five years going out of business. During my absence I've been researching various types of commercial real estate in Kentucky … [Read more...]
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