Most Appropriate Valuation Approach

Different property types benefit from different valuation methods.

For example:

Income-Producing Properties (e.g., apartments, hotels, retail):

The income approach is prioritized to analyze rental income, operating expenses, and occupancy rates, ensuring valuation reflects true earning potential.

Unique or New Developments (e.g., coastal resorts, historic properties):

The cost approach is often used to estimate replacement or reproduction cost, minus depreciation, especially when comparable sales data is scarce.

Properties with Recent Comparable Sales (e.g., strip malls, condominiums):

The sales comparison approach is applied, with adjustments made for differences in features, condition, and location.

References:

• Building Owners and Managers Association (BOMA) International
• The Joint Commission
• American Society for Health Care Engineering (ASHE)
• Healthcare Financial Management Association (HFMA)

Related Trends Include:

• Mixed-use development opportunities in Florida
• Industrial warehouse space near Miami ports
• Green building certification requirements in Florida
• Medical office building investment trends
• Commercial property development financing options