Online commercial property appraisal

If you own a commercial property in Barcelona and you are thinking of selling or renting it, you need a professional valuation at market price.
This valuation is an estimate of the price you can get for your property, for sale or rent and in what period of time you can find a client. In general, the appraisal is carried out with the following objectives.

Why appraise a commercial property?

Valuation is usually performed to estimate the fair market price in different cases:

• To accept an inheritance.
• To sell the property. With the valuation you will be able to make the best selling decisions. You will be able to be objective about the price you can obtain and in which term.
• To acquire the property. If you are thinking of investing, you will want to know if the property will be profitable. What rents you will be able to get and how long it will take to get a solvent tenant.
• To obtain mortgage financing. In this case you will need an official appraisal.

What factors influence the price of the premises?

As in all real estate, the location is a determining factor in the price. In Barcelona, depending on the district and the type of road, the valuation can vary drastically. Factors such as:

1. It is either a store at street level or in a shopping mall. The valuation of premises in shopping malls depends a lot on the circulation of customers. If it is close to the elevator, access, escalator, etc.
2. Proximity to commercial areas. Main streets such as Paseo de Gracia or Rambla Catalunya are the most valued in Barcelona.
3. Density of population in the area and influx of passers-by.
4. Communications: proximity to subway, bus, etc.
5. Public services and tourist attractions can increase the price of commercial premises. Even sometimes the proximity to some type of business.
6. Type of businesses in the area. Proximity to other businesses.
7. Ordinance and nearby businesses. The latest changes in the municipal ordinance regarding activities mark sizes and distances between similar businesses, even prohibiting some activities in certain areas. It is important to know what possibilities the premises have.
8. Accessibility to the premises, visibility from the street and the safety of the environment are also factors to be taken into account.

Objective factors:

1. Size and layout of the premises
2. Showcase size
3. Smoke outlet
4. Warehouse
5. State of conservation. Although it is true that for each activity the regulations must be studied and the premises must be adapted in order to be able to apply for the municipal license. In spite of this, tenants usually appreciate that the premises are in good condition in order to invest as little as possible in the renovation.
6. The building. Location and state of conservation of the building. Results of the Technical Inspection of the Building.

Market and other factors

Of course, the available supply of commercial premises in the area and the demand also play a role. And of course, the cost of money and the mortgage market is closely related.
But there is another factor that is different in every sale. Do you know what it is?
To obtain a realistic market price it is necessary to obtain comparable witnesses. Commercial premises in the same area or in equivalent areas that can be considered similar. Online simulations are not at all accurate, for that reason we recommend a custom study.

Consult with us and we will make an appraisal of your property at market price.