Commercial property valuation : methods and case studies / Giacomo Morri, Paolo Benedetto.

A practical guide to the best approaches for commercial real estate value assessment Commercial Property Valuation provides a comprehensive examination of principles and methods of determining the accurate value of commercial assets. This invaluable resource covers all key elements of commercial pro...

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Bibliographic Details
Main Authors: Morri, Giacomo, 1975- (Author), Benedetto, Paolo, 1984- (Author)
Format: eBook
Language:English
Published: Chichester, West Sussex, United Kingdom : John Wiley & Sons, Ltd, 2019.
Subjects:
Online Access:Click for online access

MARC

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100 1 |a Morri, Giacomo,  |d 1975-  |e author. 
245 1 0 |a Commercial property valuation :  |b methods and case studies /  |c Giacomo Morri, Paolo Benedetto. 
264 1 |a Chichester, West Sussex, United Kingdom :  |b John Wiley & Sons, Ltd,  |c 2019. 
300 |a 1 online resource 
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504 |a Includes bibliographical references and index. 
588 0 |a Online resource; title from digital title page (viewed on August 06, 2019). 
520 |a A practical guide to the best approaches for commercial real estate value assessment Commercial Property Valuation provides a comprehensive examination of principles and methods of determining the accurate value of commercial assets. This invaluable resource covers all key elements of commercial property valuation, including valuation queries, real estate report structure, market analysis, capitalization and discount rates estimation, and more. This book details the economic characteristics unique to commercial property and illustrates property-specific risk factors and mitigation strategies. Drawing from years of professional and academic experience, the authors provide accurate information on multiple valuation approaches suitable for commercial real estate such as sales comparison, income capitalization and residual land value. Favoring real-world practicality over complex formulas, this book provides a powerful set of tools to assist readers in selecting and applying the best valuation approach to various situations. Actual case studies of office buildings, hotels, high street retails, and residential developments allow readers to understand and apply appropriate valuation methodologies. Commercial property is a major investment class that offers abundant opportunities but poses unique risks. Thorough and inclusive knowledge is essential to success in this complex and competitive sector of real estate. This book provides expert coverage of critical topics allowing readers to: -Identify the unique economic characteristics and potential risks of commercial real estate valuation and investment -Focus on methods specific to commercial real estate valuation -Learn how to select and apply the appropriate valuation method in a variety of scenarios -Access sample Excel spreadsheets and ancillary online resources including slides and useful Internet links Commercial Property Valuation is an essential resource for investors, appraisers, consultants, accountants, and students in real estate courses. 
505 0 |a Cover; Title Page; Copyright; Contents; About the Authors; Foreword; Foreword; Preface; Chapter 1 Introduction to Property Valuation; Determining the Valuation Requirement; The Subject of the Valuation; Purpose of the Valuation; Value to Be Estimated; Valuation Date; Definitions of Value; Market Value; Investment Value; Valuation Associations, Codes and Standards; Notes; Chapter 2 Economic Characteristics and Elements of Risks of Properties; Characteristics of Property Investments; Building and Land; Use of Space and Investment Asset; Owners and Users; Business Perspective; Location 
505 8 |a Categories of Property InvestmentsDevelopment Projects; Income-Producing Properties; Trading Operations; Skills in Asset and Investment Management; Economic Classification of Properties; Property Classification Criteria; Macro Categories of Properties; A Simple Definition of Risk; Common Risk Elements in Real Estate Investment; Capital Market; Liquidity; Financial Structure; Regulatory; Location; Intended Use and Type of Properties; Development Projects; Authorisation; Environmental; Construction-Related; Market; Income-Producing Properties; Physical and Technical Features 
505 8 |a Management and MarketRental and Contractual Situation; Notes; Chapter 3 Market Analysis; Economic Analysis; Analysis of the Property Market; Comparative Data and Valuation Method; Characteristics of the Comparative Factors and Information Sources; Notes; Chapter 4 A New Simple Classification of Valuation Methods; Choice of Valuation Method; Depreciated Cost Approach Methods; Introduction; Description; Use, Advantages, and Limitations of the Depreciated Cost Approach; Notes; Chapter 5 Sales Comparison Approach Methods; Approach and Application Criteria; Direct Comparison Approach 
505 8 |a Hedonic Pricing ModelNotes; Chapter 6 Income Capitalisation Comparison Approach Methods; Approach and Application Criteria; Direct Capitalisation Approach; The Direct Capitalisation Approach Calculation Algorithm; Profit and Loss Account of an Income-Producing Property; Use, Advantages, and Limitations of the Direct Capitalisation Approach; Application of the Direct Capitalisation Approach; Discounted Cash Flow Approach; Choosing the Time Horizon; Estimating the Cash Flows; Estimating the Terminal Value; Discounting the Cash Flows and Calculating the Asset Value 
505 8 |a Use, Advantages, and Limitations of the Discounted Cash Flow ApproachResidual Value Methods; Introduction; Single Period Residual Value Approach; Multiple Periods Residual Value Approach; Notes; Chapter 7 Property Return Rates; Measuring the Return on a Property Investment; Rates and Capital Market; Cap Rate; Definition and Description of the Cap Rate; Going-In and Going-Out Cap Rate; Discount Rate; Definition and Description of the Discount Rate; Consistency Between Discount Rate and Cash Flow; The Components of the Discount Rate; How to Estimate Property Return Rates; Market Extraction 
650 0 |a Commercial real estate  |x Valuation. 
650 7 |a BUSINESS & ECONOMICS  |x Corporate Finance  |x Valuation.  |2 bisacsh 
650 7 |a Commercial real estate  |x Valuation  |2 fast 
700 1 |a Benedetto, Paolo,  |d 1984-  |e author. 
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776 0 8 |i Print version:  |a Morri, Giacomo, 1975-  |t Commercial property valuation.  |d Chichester, West Sussex, United Kingdom : John Wiley & Sons, 2019  |z 9781119512127  |w (DLC) 2019008189 
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