Posted by Steve Vertin on April 10, 2009 at 11:38:05:
Bill:
Most commercial properties require an appraisal. Dont get sticker shocked. Commercial reports cost a great deal more than residential appraisals. Go to www.appraisalinstitute.org. There the biggest and best appraisal organization. On the left (I believe) is a search for members. Looks for MAI’s in your area. MAI is the commercial designation. Good luck
valuations - Posted by bill hughes
Posted by bill hughes on April 09, 2009 at 10:36:21:
we are looking at purchasing a restaurant whcich is the sole
tenant in a commercial building - our lease will contain an option to purchase the building - our lease will be $ 6000.00
per month triple net.
how do i establish the fair market value of the building???
Re: valuations - Posted by Joe-M
Posted by Joe-M on April 10, 2009 at 19:02:28:
This article http://www.creonline.com/articles/art-216.html can will help you assess the property value. If you have any questions there are some good knowledgable folks on this board that can answer. It sure has helped me thus far.
Good Luck,
Joe-M