Whether it’s a retail plaza, a commercial building or an industrial building, getting an appraisal, is an important step in any acquisition process.

When determining the value of a property or building, there are several methodologies that qualified appraisers have to choose from.

First is Direct Comparison Approach. A methodology whereby the appraiser develops an opinion of value by analyzing completed sales of properties.

“Estimates of market rent, land value, cost, depreciation and other parameters may be derived using a comparative technique.