The second step that the appraiser of the commercial premises performs is to carry out the analysis of comparables . This process involves researching recent sales in the same area as the location in question to determine a more accurate estimate of value.

Now that we know the state of the premises, its distribution and we know the real estate market in the area, the most differentiating factor comes into play: the location. The location of a commercial property has a great influence on its market value.

A store in a commercial area with high pedestrian traffic and easy access to public transportation generally has a higher value than one in a less attractive and poorly connected area. 

But we not only have to take into account the traffic of people or their nearby services and communications, but also the demand for premises in the area, since it will be largely the factor that determines the possibilities of generating income and therefore profits.

In conclusion, the valuation of a commercial property is a complex process that requires an expert vision and a detailed evaluation of several factors. 

There are tools with which you can get an idea of ​​the value for free, however they are inaccurate and can lead you to make a bad decision when selling or buying your business premises. 

For this reason, we recommend choosing a real estate appraiser who is an expert in commercial premises who adapts the valuation to legally recognized methods.

The appraisal must be performed by an experienced and accredited building professional . This can be a real estate appraiser or an appraisal company. 

These professionals have the knowledge and tools necessary to perform an accurate and reliable appraisal. At Grupo Valoraciones we are experts in appraisal of premises in Seville and Madrid .