If you are interested in purchasing commercial real estate,
it is important to know what the value of it is to ensure that the
asking price is not more than what the property is worth. In order
to calculate the value of the real estate, the one thing that is
important to know is: how much does the property make? While there
are other factors to consider such as age and demographics, the
amount of profit is the single most important aspect in determining
value.
Calculation of the amount is very important. To find the net
operating income, find the difference between the total income
brought in (rent, fees, etc.) and then subtract any expenditure
from that total income. This number you calculate is the net
operating income. This is pre-taxes, so it is not profit; however,
it gives an idea on how much the property brings in.
You have to calculate the capitalization rate. To do this, divide
the net operating income by the sale price. The fair market value
(FMV) can be given to you by a real estate agent who specializes in
commercial property. You'll get a percentage here and what is
typically acceptable is 6 to 10 percent.
Consider the demographics and economics of the area. If it is a
rising area, the property might be worth more in the future, so
paying more than the current value would make for a wise
investment. This is because, while it might seem expensive now, it
will be inexpensive in the future and that results in more
profits.
Consider the age of the property. If it is a brand new property
that was well constructed, it can sell for more. However, if the
property is run down and is going to need even more money to make
the property fully functional, this brings down the cost in the
property.
Turn to the financial statements in the annual report. This is the
company's raw financial data. It is audited and submitted to the
Securities and Exchange Commission for review so it is considered
to be the most reliable and accurate financial
data from the company. There are three main financial
statements that provide different types of financial data.
Valuable Commercial Estate
January 29th, 2012 in Real Estate, by Carol Moore
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