Published: 23/01/2025
💼 1. Get a Valuation from a Commercial Estate AgentThe quickest way to value your property is to get advice from a commercial estate agent. They have local market knowledge and can give you an accurate estimate based on:
* Location – Is your property in a busy town centre or an industrial estate?
* Type of Property – Retail, office, industrial, or mixed-use properties have different demand levels.
* Condition – Does your property need refurbishment, or is it ready to go?
Speak to a commercial estate agent to ensure you're getting the best advice for your property. 👉 Browse available properties near you on Whozoo
🏢 2. Look at Similar Properties on the Market
A great way to estimate value is by comparing your property to others currently for sale or rent. Visit websites like Whozoo to see what properties are listed for.
Here are some examples of commercial properties on Whozoo you can compare:
* Shops for Sale or Rent
* Offices in Prime Locations
* Industrial Units in High-Demand Areas
💰 3. Understand the Yield (Return on Investment)
In commercial property, value is often based on yield – the return an investor can expect from renting out your property. A commercial estate agent can calculate this for you.
For example, if your property generates £10,000 in annual rent and the market yield is 8%, the property value could be around £125,000.
🔧 4. Factor in Property Improvements
If your property needs work, its value might be lower. A commercial estate agent will assess what improvements could boost the value.
* Is the property energy efficient?
* Does it have modern facilities?
* Are there good transport links nearby?
📈 5. Get Ongoing Market Updates
Commercial property values fluctuate based on supply, demand, and the economy. A commercial estate agent will keep you updated on current trends and ensure you're aware of any changes in your property's potential value.
👉 Sign up to Whozoo for free market insights