Why will the commercial property value differ from residential property values?
The commercial property value will differ from a residential property for many reasons. This section of the article will explain some of the reasons why this will be the case. The features fo a commercial property that can affect the price can be: • Consumer traffic. One of the main advantages of having a commercial property in a busy area is that you will get more people walking into the shop from the street. As a result of this, the commercial properties that have high foot traffic will often attract a higher price. • Business assets. Many commercial properties will come with a variety of assets that will stay with the property. If the property is a restaurant for example the property may come with a state of the art kitchen. This may raise the price of the property. Who will determine the value of a commercial property? There are many ways that you can determine the value of a commercial property. One such way is to use one of the online calculators. The online calculators will take
Related Questions
- How do I get information on residential/commercial/industrial property values, comparable sales, and general history on a property?
- Does residential property still account for 45% and commercial property 55% of the states total property value?
- What Decreases Residential Property Values More-Commercial Zoning Or Commercial Construction?
