Independent appraisal if no recent comps?

[Skip Gilliam]

Let me start by saying I am new to commercial and need some guidance. Our downtown area here in SC has really taken off the last two years. New residential small pocket neighborhood downtown, lots of new construction with no sign of slowing down. Several newly constructed stand alone mixed use buildings 100% occupied. Some of these buildings are now on the market owned by an investment group. I am interested in one of the smaller units, there are no sales in the last two years. How do I determine a fair price for this building. Should I hire an independent appraiser to value this building?