Help locating Commercial comparable

[Jake Morris]

Morning. What is the best way to find commercial comps? Are there any services besides LoopNet or an agent that could be helpful. Thanks.

[Paul Smythe]

@Jake Morris commercial properties are valued based off of the income they produce. If you want to find fair market value on a commercial property you should find out the market cap rate (either from a local broker or a market report such as the ones produced by CBRE). From there you would take the annual NOI and divide it by the market cap.

[Charlie McCurry]

I agree with Paul and would add that this is where commercial brokers provide a lot of value.  A good broker should have or be able to compile comp research.