Commercial Properties Fun Facts
Are you planning to buy a commercial property? That’s a good investment then! But, to help you further, here are some commercial properties fun facts that you check. Hopefully, the following will help you decide what property you want to buy from our listing.
Property List Hub is a leading Nigerian online property listing platform. Here you can find, commercial property for sale in Lagos Nigeria, a plaza for sale in Abuja, a school for sale in Lagos, a shop for sale in Abuja, and more! We also aim to help all the seekers with a better and cost-effective way to find the best commercial property that will suit their preferences and needs.
What qualifies as a commercial property?
Commercial property is real estate that is used for business activities. Commercial property usually refers to buildings that house businesses, but can also refer to land used to generate a profit, as well as large residential rental properties.
How do you value commercial property?
To calculate the value of a commercial property using the Gross Rent Multiplier approach to valuation, simply multiply the Gross Rent Multiplier (GRM) by the gross rents of the property. To calculate the Gross Rent Multiplier, divide the selling price or value of a property by the subject’s property’s gross rents.