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Updated over 4 years ago on . Most recent reply

Omeed O.'s profile image
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Omeed O.
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Omeed O.
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Real Estate Agent

How to comp commercial property?

Omeed O.
Posted

Hi im an agent that focuses on residential realty in houston tx.   how does an agent comp a building or shopping center for sale.  is there a database that shows recent sales in a given area?

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Bruce Lynn
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  • from Coppell, TX
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Bruce Lynn's profile image
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Bruce Lynn
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  • from Coppell, TX
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

Some commercial you may be able to comp out by the MLS, but many people also use one of the commercial systems like loopnet. However you may want to comp it out by ROI or CAP rate or some other measure of financial gain.

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