One of the most responsible works of valuation activities is the appraisal of commercial (business) real estate. As commercial properties are usually large properties, the revenue generating possibilities have a key role in the formation of their value. In this sense, it is important to consider many nuances which require the appraiser to have special knowledge and experience during the valuation of commercial real estate.
Commercial real estate may include the following types of property:
- Large enterprises
- Production areas
- Receational and leisure compounds
- Business centers
- Restaurants
- Supermarkets
- Wedding salons
- Hotels
- Oil and gas stations
- Other commercial facilities