What is My Commercial Property Worth in Tennessee?
From office suites to large industrial parks, listing your commercial property for maximum value in Tennessee can be confusing and time-consuming. You want to list your property in a way that will get it sold or leased fast and gets you the most return without causing you a lot of headaches. Our team is here to help you through that process.
Find the Value of Your Commercial Property
- Commercial Property Realtor – Find the right commercial real estate broker. Make sure they have listed properties similar to yours. Pick one that is knowledgeable about the ins and outs of commercial real estate. Once you have found the right one, they will look at recent sales of other similar properties in your area and list your property at a competitive price.
- Leasing or Selling – Your listing price will be determined by whether you are leasing or selling your commercial property. Are you looking to make a profit off of one transaction or are you looking to create a revenue stream? All of this will factor into valuing your property.
- Appraisal – A commercial appraiser can help estimate the value of your commercial property in Middle Tennessee. Depending on the property they will use one or more approaches to valuing. Some of the most common methods are the Cost Approach, Sales Comparison, Income Capitalization, and Value per Gross Rent Multiplier. They take into account comparable properties and what they sold for. They look at the size, location, and features of your commercial property to give you value.
- Price Per Square Foot – If you have a multi-unit property, knowing your price per square foot per unit is a simple way to estimate the value of your property. Whether you are listing just one unit or the entire property this will be helpful to know.
With more than 100 commercial property transactions within the past year, you can trust JP Powell and his team members as your commercial property broker who will list your property at the right price and get a deal done fast.
Contact JP and his team today
