Appraisal of commercial premises
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At Tecnitasa we are specialists in commercial property valuations, providing a highly accurate service that is essential for purchase and sale transactions, rentals or financing applications. With our team of approved experts, we offer rigorous and up-to-date valuations, taking into account key factors such as location, market conditions and the specific characteristics of each property.
By relying on Tecnitasa, owners, buyers and financial institutions obtain a solid and objective basis for decision making, guaranteeing a real market value that supports every transaction and planning in the dynamic commercial real estate sector.
> What is the appraisal of commercial premises?
The appraisal of commercial premises is the process of valuation of a property intended for commercial use, with the objective of estimating its value for financing or market value. This process involves a detailed analysis of specific factors of the premises, as well as a comparison with other properties of similar characteristics in the area. The appraisal allows to establish a fair and objective value, being fundamental for purchase and sale operations, access to mortgage loans and even for tax procedures, such as inheritance or separation of assets.
> Factors affecting the appraisal of commercial property
Several factors influence the appraised value of a commercial property, each with a specific weight depending on the type of property, its location and the market. The following aspects are essential for an accurate valuation:
Location
Location is one of the most important factors in the appraisal of commercial properties. Proximity to areas of high demand, such as downtown areas, shopping streets or places with a large influx of people, usually increases the value. Other relevant aspects are accessibility by public transport, visibility from the outside and proximity to services and points of interest, such as shopping or tourist centers. In some cities, the location in strategic areas with high population density or in expanding areas can be a determining factor for the valuation.
Condition of the property
The physical condition of the property directly affects its market value. Aspects such as age, maintenance and any renovations that may have been carried out influence the perceived quality and functionality of the premises. Well-preserved premises with modern and safe infrastructure are more attractive to buyers and therefore command a higher valuation. On the other hand, a property that requires repairs or improvements may see its value reduced due to the additional costs involved for the buyer.
Market conditions
The real estate market is dynamic and conditions can change rapidly depending on economic, political and social factors. The supply and demand for commercial premises in a given area, the economic situation of the country and interest rates will influence the value of a property at any given time. In periods of high demand and low supply, values tend to increase. Similarly, a context of economic recession or high interest rates could reduce the price of commercial real estate.
Most common uses of commercial property appraisals
The appraisal of commercial premises is useful in a variety of situations, as it provides a basis for determining market value in financial and legal transactions. The most common uses are explained below:
Buying and selling
The appraisal of commercial premises is useful in a variety of situations, as it provides a basis for determining market value in financial and legal transactions. The most common uses are explained below:
Heritage
In inheritance proceedings, the appraisal makes it possible to fairly calculate the value of commercial real estate in order to distribute the estate among the heirs. It also helps to determine the tax value of the premises, which is necessary for the payment of inheritance taxes.
Rental
The appraisal is a useful tool for setting the rental price of a property, ensuring that the price is competitive and in line with the market. In this case, the appraisal serves both landlords and tenants, guaranteeing a fair and adequate rent according to the real value of the property.
Separation of assets
During a separation of assets, especially in divorce proceedings, the appraisal provides an objective valuation to divide the assets between the parties. This value is accepted in court, facilitating a fair and equitable distribution.
Litigation
In cases of litigation, such as property disputes or contractual disagreements, an official appraisal can provide an objective value that helps resolve the dispute. This is especially useful in legal matters involving disputes over the value of a property.
Mortgage
When applying for a mortgage for the purchase of a commercial property, financial institutions require an appraisal to calculate the amount of financing. This appraisal ensures that the loan is in line with the real value of the property, protecting both the buyer and the bank.
What are the benefits of hiring a professional property appraisal service?
Hiring a professional appraisal service provides important advantages, such as:
Decision making: a professional appraisal offers an objective valuation, providing a solid basis for making decisions in sale and purchase and other transactions.
Access to favorable financing: the official appraisal allows access to mortgage loans and other types of financing under fair conditions and in accordance with the real value of the premises.
Negotiation tool: having a professional appraisal allows you to negotiate more effectively by having an objective backing of the value of the property.
The appraisal of commercial premises is essential for a secure asset management, minimizing risks and optimizing transactions in the real estate sector.
Why trust Tecnitasa
Tecnitasa is a valuation company approved by the Bank of Spain and regulated by RICS with presence in Spain, Mexico, Portugal and Colombia. It stands out for its important capillarity, with 50 offices, which allows it to have a global vision and a deep local knowledge.
The Group ranks second among valuation, consulting and sustainability companies in terms of business volume in Spain. It has a team of more than 400 professionals with extensive experience and knowledge in each segment of the real estate market.
Discover our appraisal services
In addition to commercial properties, Grupo Tecnitasa offers residential real estate appraisals. Its expert team
applies specific criteria for each type of property, adapting to the particular needs of clients. Explore the available sub-services, each valuation is tailored to the characteristics of the asset.
Latest news on the residential market
Check our blog for up-to-date news and specialized articles on the retail sector. We offer information on trends, market changes, regulations and advice for owners and investors in this segment.
Tecnitasa Group has a wide network of more than 50 offices, which allows it to take on projects thanks to its expert team in commercial property appraisal, ensuring accurate reports adapted to each market.
If you are looking for an appraisal of your commercial premises, contact us and ask for a free estimate!
Frequently asked questions about commercial property appraisals
What types of commercial premises do you appraise?
Grupo Tecnitasa performs appraisals of a wide variety of commercial premises, including retail, restaurant, office and industrial spaces. Its team of experts applies a customized methodology according to the type of business, location and characteristics of the property.
How much does a professional commercial property appraisal service usually cost?
The cost of an appraisal depends on several factors, such as the type and size of the premises, the location and the specific use of the property. Each property is unique, so the price varies depending on the specific characteristics and needs of the client.
How long does it take to appraise a commercial property?
After a technician visits the property, the appraisal process generally takes between 3 and 5 working days, depending on the complexity and characteristics of the premises.
Who has to pay for the appraisal?
Normally, the cost of the appraisal is borne by the person requesting the service, whether it is the owner, the buyer or the financial institution in the case of a mortgage. This may vary depending on the agreement between the parties.
