Determine the value of Commercial Property
When looking at the ways to estimate the value of commercial property there are three essential methods that can help understand the process. A. The Direct Comparison Approach B. The Cost Approach C. The Income Approach (which includes the DCF method and the Capitalization Method). The direct comparison approach uses the recent sale details of similar properties (similar in size, location and if possible, tenants) as comparable properties. This method is quite common, and is