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Commercial Real Estate Niches Booming in 2021

McKissock

As new health concerns arise, the need for new construction will remain prevalent. Cap rates: To find this, you divide the NOI by the current market value. Location and demographics: Your value will go up if you’re in a high-traffic area with good visibility. Buildings used for science and research were in high demand.

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The “Science” Behind Residential vs. Commercial Real Estate Appraisal

The Robert Weiler Company

The question is, how exactly is property value determined? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Cost of construction and materials. What Are the Best Practices for Choosing an Appraiser? Floor plans. Don’t Be Seduced!”

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Cost approach : This practice compares the special purpose property appraisal value to the cost of constructing a replica structure, while also including depreciation. Their uniqueness makes determining appraisal value difficult, and there’s often a limited buyer pool interested in purchasing such buildings.

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