Commercial valuation Five kinds of commercial job, each with its own checks.
Commercial and industrial is the general type for retail, office, industrial and mixed-use property. Service station, self-storage facility, childcare centre and car space or storage cage each have their own template, so the facts that matter for that asset are asked for and checked.
The type follows the asset.
All five state a market value at a stated date, and say which interest is valued.
The general type
Commercial and industrial values a retail, office, industrial or mixed-use property. It says what is leased, to whom and on what terms, and whether the value is with vacant possession or subject to the leases.
Operating sites and spaces
Service station, self-storage and childcare centre reports value a freehold going concern, a freehold subject to a lease, or a leasehold. Car space values one space or storage cage in a strata building.
Who instructs them
Owners and buyers, and their solicitors or accountants, for sale and purchase work, a private market value or financial reporting. The interest valued decides how the report reads.
Ask for the right facts.
Each template lists the facts the valuer must confirm before drafting.
Tenancy, outgoings, areas
The general type has a tenancy schedule, an outgoings table and an areas table with the source and basis of each area. The value is worked by direct comparison, capitalisation of net income, or both, then reconciled.
Asset-specific facts
Service stations ask for tanks, fuel litres and the brand supply agreement. Self-storage asks for net rentable area, unit mix and occupancy. Childcare asks for licensed places, quality rating and subsidy reliance.
Title decides the car space
A car space is a separate lot, an exclusive-use by-law or a common property licence. The valuer first gathers the by-laws, levy notice and capital works fund plan. AI may suggest descriptive wording only, and never a rate or adjustment.
The checker reads the asset.
These are drafts for your principal’s review, and the checks come with them.
Interest and possession
Every type must state the interest valued. A leased property valued with vacant possession is blocked unless the report says why, and a leased facility may not be called a going concern.
Facts each type needs
Tank number, material and age for a service station. Net rentable area and fee rates for self-storage. Licensed places from the service approval for childcare. A by-law right is never called fee simple.
Unverified law stays out
Where a statute has not been read from an official source, the template holds it back. The checker blocks a report that still carries a held note, and blocks one that calls itself an update of an earlier report.
Peer review, then release
A second valuer reviews the recorded file. Release is a separate gated step, and it never emails the client.
Straight answers.
Does it value the operating business too?
Going concern reports keep the business in its own section for the valuer to complete, apart from the property value. The template fills no business figures, and how your firm values a business is your decision.
Does it fill in yields and rates?
No. No capitalisation rate, rent per place, multiple or adjustment is pre-filled. Each comes from the evidence for the job, and the database refuses AI any rate or adjustment.
Are these templates approved?
No. They are drafts for your principal’s review and a starting point. Keeping to professional standards and your insurer’s requirements stays with your firm.
See it on a job like yours.
Tell us about your firm and we will show you Valufield on your kind of work, including what is released today and what is still in build. The form takes about a minute, and a person replies.
- We reply to arrange a time.
- We walk through the product on your kind of work.
- You decide, with no obligation.
Rather email? support@valufield.com.au