Commercial Property Valuation Services

Seagars provides expert commercial property valuations throughout Auckland and New Zealand. With over 40 years of experience, our team of registered valuers specializes in all types of commercial property including office buildings, retail centers, mixed-use developments, and investment properties.

Our Commercial Valuation Expertise

Office Buildings

Comprehensive valuations for office properties ranging from small professional suites to large CBD office towers. We assess:

• Rental income and vacancy rates
• Lease structures and tenant quality
• Building specifications and fit-out quality
• Location and accessibility factors
• Market rental rates and capitalization rates
• Future development potential

Retail Properties

Expert valuations for retail spaces including:

• Shopping centers and malls
• Strip retail developments
• Individual retail shops
• Hospitality venues
• Showrooms and car dealerships

Mixed-Use Developments

Specialized valuations for properties combining commercial and residential uses, assessing both income-producing and owner-occupied components.

Investment Properties

Detailed investment analysis including:

• Income and expense analysis
• Capitalization rate assessment
• Discounted cash flow modeling
• Market rent reviews
• Investment return calculations

Why Choose Seagars for Commercial Valuations?

Independence and Objectivity

As an independent practice with no banking affiliations, we provide unbiased commercial valuations focused solely on accurate market assessment. This independence is particularly valuable for:

• Investment decisions
• Portfolio management
• Financial reporting
• Dispute resolution

Extensive Market Knowledge

Our commercial valuers possess deep understanding of Auckland and New Zealand commercial property markets, including:

• Current market trends and conditions
• Rental rate movements
• Capitalization rate analysis
• Comparable sales and leasing data
• Future market projections

Professional Qualifications

All our commercial valuations are conducted by registered valuers with specific commercial property expertise. Our team includes valuers with:

• Property Institute of New Zealand membership
• University qualifications in property valuation
• Decades of combined experience
• Specialized commercial property knowledge

Detailed Reporting

Our commercial valuation reports provide comprehensive analysis including:

• Executive summary
• Property description and specification
• Tenancy schedule and lease analysis
• Income and expense analysis
• Market commentary and comparable evidence
• Valuation methodology explanation
• Supporting documentation and photographs

Commercial Valuation Methods

Income Capitalization Approach

The primary method for income-producing commercial properties, analyzing:

• Net operating income
• Market capitalization rates
• Rental growth projections
• Vacancy and collection assumptions

Comparable Sales Approach

Analysis of recent sales of similar commercial properties, adjusted for:

• Location differences
• Size and configuration variations
• Lease terms and tenancy profiles
• Property condition and specifications
• Market timing

Cost Approach

Assessment of land value plus replacement cost of improvements, considering:

• Land valuation
• Construction costs
• Depreciation and obsolescence
• External factors

Discounted Cash Flow Analysis

For complex commercial properties, DCF analysis projects:

• Future rental income
• Operating expenses
• Capital expenditure requirements
• Terminal value
• Risk-adjusted discount rates

Common Uses for Commercial Valuations

Purchase and Sale Transactions

Independent valuations provide confidence in commercial property transactions, ensuring buyers and sellers can negotiate from informed positions.

Mortgage and Refinancing

All major banks require independent commercial valuations for lending purposes. Seagars is approved by all New Zealand banks and financial institutions.

Financial Reporting

Valuations for financial statements, meeting:

• International Financial Reporting Standards (IFRS)
• New Zealand Financial Reporting Standards (NZ FRS)
• Australian Accounting Standards
• Regulatory requirements

Portfolio Management

Regular valuations for property portfolios, trusts, and investment funds to track performance and inform strategic decisions.

Taxation Purposes

Valuations for:

• IRD requirements
• Depreciation schedules
• Capital gains assessments
• Business asset valuations

Lease Rent Reviews

Independent valuation evidence for market rent reviews under lease agreements.

Insurance

Accurate replacement cost valuations ensuring adequate insurance coverage for commercial properties.

Dispute Resolution and Litigation

Expert valuation evidence for:

• Lease disputes
• Partnership dissolutions
• Compulsory acquisitions
• Rating objections

Our Valuation Process

1. Initial Consultation

We discuss your commercial property, the purpose of the valuation, and any specific requirements. You’ll receive a fee quote and estimated timeframe.

2. Information Gathering

We request relevant documentation including:

• Title information
• Lease agreements and tenancy schedules
• Recent income and expense statements
• Building plans and specifications
• Council records
• Previous valuations (if available)

3. Property Inspection

Our registered valuer conducts a comprehensive site inspection, examining:

• Building structure and condition
• Fit-out and improvements
• Accessibility and car parking
• Site characteristics
• Tenant operations and business activity
• Surrounding area and location factors

4. Market Research and Analysis

Extensive research including:

• Recent comparable sales and leases
• Current market listings
• Rental rate and capitalization rate analysis
• Economic and market trend assessment
• Specific market sector analysis

5. Valuation and Report Preparation

Our valuer applies appropriate methodology, prepares detailed analysis, and produces a comprehensive written report meeting professional standards.

6. Report Delivery and Discussion

The valuation report is delivered electronically, with follow-up discussion available to explain findings and answer questions.

Factors Affecting Commercial Property Values

Location and Accessibility

• Proximity to transport networks
• CBD or suburban location
• Access to motorways
• Public transport availability
• Car parking provision
• Surrounding amenities and services

Building Quality and Specifications

• Age and condition
• Building services and systems
• Earthquake rating and seismic performance
• Environmental rating (Green Star, NABERS)
• Flexibility and configuration
• Modern technology infrastructure

Tenancy Profile

• Tenant quality and covenant strength
• Lease terms and remaining duration
• Rental levels relative to market
• Vacancy rates
• Lease structure (net, gross, etc.)

Income and Investment Returns

• Net operating income
• Capitalization rates
• Income growth potential
• Operating expense ratios
• Comparable investment sales

Market Conditions

• Supply and demand dynamics
• Interest rate environment
• Economic conditions
• Investor sentiment
• Sector-specific trends

Industry Specializations

Our commercial valuation team has specific expertise across various sectors:

Office Properties

• CBD A-grade towers
• Suburban office buildings
• Professional suites
• Medical centers

Retail Properties

• Shopping centers
• Strip retail
• Large format retail
• Hospitality venues

Industrial Properties

• Warehouses
• Factories
• Logistics facilities
• Business parks

Specialist Commercial

• Childcare centers
• Service stations
• Car dealerships
• Storage facilities

Auckland Commercial Market Expertise

We maintain comprehensive knowledge of Auckland’s commercial property markets including:

CBD

• Prime office space
• Ground floor retail
• Mixed-use developments

Fringe Suburbs

• Newmarket
• Parnell
• Ponsonby
• Grey Lynn

Major Suburban Centers

• Albany
• Takapuna
• New Lynn
• Manukau
• Botany

Professional Standards and Compliance

All Seagars commercial valuations comply with:

• Property Institute of New Zealand standards
• International Valuation Standards (IVS)
• New Zealand Valuation Standards
• Banking and regulatory requirements
• Professional indemnity insurance coverage

Contact Us for Commercial Valuations

For expert commercial property valuations throughout Auckland and New Zealand, contact Seagars today.

Phone: 09 377 3033 Email: admin@seagars.co.nz

Our commercial valuation team is ready to assist with your requirements, whether you need a single property valuation or ongoing portfolio valuation services.

The Seagars Difference

Since 1981, Seagars has built a reputation for excellence in commercial property valuation. Our independence, expertise, and commitment to accuracy make us the preferred choice for:

• Property investors
• Commercial property owners
• Banks and financial institutions
• Legal and accounting professionals
• Government and corporate organizations

When accuracy, independence, and expertise matter, choose Seagars for your commercial property valuations.