| Category | Key Sources | Data Obtained | | :--- | :--- | :--- | | | County Assessor, Recorder of Deeds, GIS maps | Ownership history, tax assessments, parcel boundaries, liens | | MLS & Brokerage | Local MLS, Redfin, Zillow Research | Days on market, list-to-sale price ratio, pending sales | | Commercial Data | CoStar, REIS, Yardi Matrix (Subscription required) | Office/retail vacancy, lease comps, institutional ownership | | Economic Indicators | BLS (Bureau of Labor Statistics), BEA, Fed Reserve | Employment growth, wage inflation, mortgage rates, CPI | | Demographic | US Census Bureau, ESRI, Urban Institute | Population migration, household formation, age cohorts | | Alternative Data | Google Mobility, StreetLight, Foursquare | Foot traffic, retail popularity, commuter patterns |
Commercial and multi-family rentals. How it works: This method values a property based on the net income it generates. Formula: Property Value = Net Operating Income (NOI) / Capitalization Rate (Cap Rate). Trend note: Rising interest rates are pushing cap rates higher, thus lowering values. | Category | Key Sources | Data Obtained
Institutional investors and large portfolios. How it works: A statistical method that isolates the value of individual property attributes (e.g., "a swimming pool adds $15,000 in this zip code; a fireplace adds $8,000"). This removes subjective bias from the CMA. Trend note: Rising interest rates are pushing cap
This article explores the current trends shaping the industry, the time-tested methods for valuation, and the essential sources of information you need to conduct a professional-grade analysis. This removes subjective bias from the CMA
This method is used for vacant land or redevelopment opportunities. It analyzes what use of the property would generate the highest value—whether that be a single-family home, a duplex, or a commercial strip mall.
Select closed sales (not active listings) from the last 90 days. Adjust for condition and location.