Windmills provides professional commercial property valuations. We examine income, expenses, occupancy and market returns to determine true value. Every unique feature of the property is analysed in order to produce accurate and reliable results.
Windmills undertakes commercial property valuation professionally. Let us explain below how we do it and what important process steps we look after professionally.
Windmills generally applies the income approach for valuing commercial properties, considering that they are usually income‑generating in nature. Examples of standard commercial properties include offices, shops, residential/commercial/mixed‑use buildings, villa compounds, labor camp buildings, and malls (if rented out), among others.
The process of commercial valuation is complicated and involves various professional and sensitive steps, which are described pictorially at the end below. In simple terms, the income approach requires an in‑depth analysis of several key financial elements of the subject property, such as its total income, operational and maintenance expenses, occupancy/vacancy rate, and an appropriate market rate of return for the property.
Each property being valued is unique. It has several standard or unique attributes that must be considered while valuing the property. These factors may include its location, size, age, development quality, condition/defects, view, positioning, upgrades, extensions, facilities, engineering installations, fit‑outs, and other such attributes..
At Windmills, we apply a detailed level of study and analysis of the unique attributes of the subject commercial property to all the relevant financial elements (described above) and make financial adjustments accordingly.
Valuation Process
Understanding Subject Property: Studying subject property documents, obtaining missing/unclear information
Checking Conflict of Interest: Deciding on it as per international and local valuation standards.
Inspecting Subject Property: Checking, verifying and noting all attributes of the property physically
Using Effective Comparable: Using transactions, listings and recent valuation data streams and identifying the most relevant comparable.
Identifying Attribute Differences: Sensitizing and comparing all important attributes of the property with those of the subject property.
Making Financial Adjustments: For the differences in the attributes of the subject property vs the market comparable transactions.
Windmills Group offers professional valuation services for all types of commercial properties, from land and offices to retail, hospitality, and mixed-use buildings. Our team provides accurate, reliable insights to help you make informed property and investment decisions.
