01Identify your target market

  • Before you can start looking for commercial real estate comps, it's crucial to identify your target market.
  • Consider the location, property type, and specific features that you are interested in.
  • Understanding your target market will help you narrow down your search and find relevant comps.

02Utilize online real estate platforms

  • Online real estate platforms are a valuable resource for finding commercial real estate comps.
  • Platforms like LoopNet, CoStar, and Real Capital Analytics provide comprehensive databases of commercial properties.
  • You can search for comps based on location, size, price, and other criteria.
  • These platforms also provide detailed property information, including recent sale prices and rental rates.

03Collaborate with real estate professionals

  • Real estate professionals, such as brokers and appraisers, have access to proprietary databases and industry knowledge.
  • Collaborating with them can help you find off-market comps and gain insights into market trends.
  • Reach out to local real estate associations or networking events to connect with professionals in your area.

04Analyze public records

  • Public records, such as property tax records and county records, can provide valuable information for finding commercial real estate comps.
  • You can access public records online or visit the local county assessor's office.
  • Look for recent sales transactions, property characteristics, and assessed values to identify comps.

05Attend industry events and conferences

  • Attending industry events and conferences is a great way to network with other real estate professionals and learn about recent transactions.
  • These events often have panel discussions, presentations, and networking sessions where you can gather information on commercial real estate comps.
  • Stay updated on relevant events in your area and make connections within the industry.

Conclusion

Finding commercial real estate comps requires a combination of online research, collaboration with professionals, analysis of public records, and networking within the industry. By following these steps, you can effectively find and utilize comps to make informed investment decisions.

MethodsDetails
Identify your target marketUnderstand the location, property type, and features you are interested in.
Utilize online real estate platformsUse platforms like LoopNet, CoStar, and Real Capital Analytics for comprehensive property databases.
Collaborate with real estate professionalsWork with brokers and appraisers to access proprietary databases and gain industry insights.
Analyze public recordsExplore property tax records and county records for valuable information on recent sales and property characteristics.
Attend industry events and conferencesNetwork with professionals and stay updated on market trends through industry events and conferences.
real estate
comps
commercial property