Self-assessment of the property – In this one needs to do some initial hard work and ascertain the prevailing market rate in the locality for similar properties. One would need to find out informally what the prevailing market values of properties in the vicinity. One would also have to take into consideration various factors that would affect the value of the property, which have been detailed further down.

Assessment of the property through an external source - There are various agencies through which one could assess the value of the property. One could approach some multinational real estate agencies that may provide valuation services. Another method would be to seek the professional services of a Government registered valuer for a fee as prescribed by the valuers association. The other method is to approach real estate agencies to seek information on your property value on a formal/informal basis.

Location of the building in which the premises is located with reference to its proximity to the Central Business District and other important infrastructure facilities available at the location and in the building.

Age of the building – As a normal market norm, new buildings would fetch higher capital values in comparison to older properties at a given location. However, this may not be the case everywhere.

Upkeep & maintenance of building – The upkeep and maintenance of the building would determine the marketability and the prevailing market value of the premises in which the building is situated. Needless to say, better and fairly well maintained buildings would fetch a better value and would enhance the marketability of the premises in comparison to poorer maintained buildings.

The profile of the other occupants in the commercial building would also help determine the premium on the price.

Market perception/grading of the commercial building would also play a significant role.

Smaller issues like number of elevators with waiting time, car parking spaces, etc could play a crucial role too.

Upkeep and condition of the premises – The condition and the internal maintenance of the premises would again play an important role in determining the marketability and the prevailing market value of the premises. However, good premises in a badly maintained building may not necessarily fetch a price. Another aspect to the premises would be the fact of it being bare/semi-furnished/fully furnished. A semi-furnished office may not have much of a change over un-furnished premises. Fully furnished premises may at times fetch a better capital value if the purchaser were to think that the existing furnishing would suit their operational purpose. However, one has to keep in mind that the purchaser may take up a stand saying that they do not require the furnishings provided, as it doesn't suit their requirement. This stand taken may be out of a genuine mismatch or may be used as a negotiating tool by the purchaser. The air-conditioning provided and the computer cabling provided, etc also would play an important role here.

Upkeep and condition of the premises – The condition and the internal maintenance of the premises would again play an important role in determining the marketability and the prevailing market value of the premises. However, good premises in a badly maintained building may not necessarily fetch a price. Another aspect to the premises would be the fact of it being bare/semi-furnished/fully furnished. A semi-furnished office may not have much of a change over un-furnished premises. Fully furnished premises may at times fetch a better capital value if the purchaser were to think that the existing furnishing would suit their operational purpose. However, one has to keep in mind that the purchaser may take up a stand saying that they do not require the furnishings provided, as it doesn't suit their requirement. This stand taken may be out of a genuine mismatch or may be used as a negotiating tool by the purchaser. The air-conditioning provided and the computer cabling provided, etc also would play an important role here.

Ancillary costs of holding the premises – Ancillary recurring costs like society outgoing for maintenance of the building, municipal taxes, etc would determine the marketability of the premises.