Commercial Valuation

Get a Commercial Property Valuation Quote from RICS Registered Valuers

Tell us about the building and why you need it valued, and we'll match you with RICS Registered Valuers who know your sector and area. Compare no-obligation quotes in about a minute, and get a Red Book report that lenders, accountants, HMRC and the courts will accept.

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Red BookRICS valuation standards

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In short

When do you need a commercial property valuation?

You need a formal valuation whenever someone other than you has to rely on the figure: a lender deciding how much to advance, an accountant putting the building on a balance sheet, HMRC assessing tax, a court, or the other side of a deal. For that, the valuation has to be a written report by an RICS Registered Valuer under the RICS Red Book, stating the basis of value, the valuation date and the assumptions made. An agent's appraisal or an online estimate will not do the job.

The RICS Valuation Global Standards, known as the Red Book, are mandatory for RICS members providing written valuations, and adopt the International Valuation Standards.
Only valuers on the RICS Valuer Registration scheme can sign off Red Book valuations, and RICS monitors their work.
For secured lending the bank normally instructs a valuer from its own panel, as RICS explains in its bank lending valuation guidance. Check with your lender before you commission a report yourself.
For tax, value means the price the property might reasonably fetch on a sale in the open market, as defined in section 272 of the Taxation of Chargeable Gains Act 1992. HMRC can and does challenge unsupported figures.

Maintained by the ComSurv team and checked against UK government, HSE and professional-body sources. ComSurv is a matching service, not a firm of surveyors or contractors. General information, not professional advice.

Why it matters

What is a Red Book valuation?

A reasoned, written opinion of value from an RICS Registered Valuer, prepared to a published professional standard. It records what was valued, on what basis, at what date and on what evidence, so that a third party can rely on it.

A defined basis of value

Market Value, Market Rent, Fair Value or Investment Value, stated in the report.

Evidence, not opinion alone

Comparable sales and lettings, yields and the tenancy position are analysed and recorded.

Independent and regulated

The valuer must check for conflicts of interest and carries professional indemnity insurance.

Built for larger assets

Multi-let, investment and specialist buildings are valued on their income, lease terms and risk.

How it works

Matched with the right valuers in three steps.

Tell us what you need

Answer a few quick questions about the property, what you need and your timeline.

We match you with valuers

We shortlist RICS Registered Valuers who cover your area and property type.

Receive quotes and book

Compare no-obligation quotes and book the provider that's right for you.

What's involved

What a commercial valuation involves

The valuer agrees written terms of engagement with you, including the purpose and basis of value. They inspect and measure the property, review the title, leases, tenancy schedule and planning position, and analyse market evidence. Investment property is valued on its income and yield; owner-occupied buildings by comparison; trading and specialist property by the method that suits it. You receive a signed report setting out the value and how it was reached.

What it delivers

Written terms of engagement before work starts
Inspection and measurement of the property
Review of leases, tenancy schedule and title
Analysis of comparable sales, lettings and yields
A signed Red Book report with the valuation and its assumptions

Who needs it

Owners and investors buying, selling or refinancing
Company directors and finance teams reporting asset values
Executors, trustees and shareholders dealing with tax
Landlords and tenants at rent review or lease renewal

Why it matters

Lenders, auditors and HMRC need a figure they can rely on
An unsupported value can cost you in tax, price or loan terms
Larger and multi-let buildings turn on lease terms and yield
A regulated valuer is accountable for the opinion

The right valuer

A valuation is only as good as who can rely on it.

A figure from an agent or a website is useful for a conversation and worthless to a bank, an auditor or HMRC. A Red Book report from an RICS Registered Valuer with experience in your sector and size of building is what stands up. On larger assets, where a small shift in yield moves the value by hundreds of thousands, that experience is the whole point.

Get valuation quotes

A valuation report, floor plans and a laser measure on a boardroom table in front of a window overlooking an office building

Qualified & accredited

Qualified, accountable and vetted.

The valuers we match you with are RICS Registered Valuers working to the RICS Red Book. ComSurv is a matching service and is not itself a firm of valuers or surveyors.

Accreditations & memberships

Questions

Commercial Property Valuation FAQs

How much does a commercial property valuation cost?+

Fees are quoted on the size, type and complexity of the property and the purpose of the valuation. As a broad guide, a single small unit can start from around £1,000 to £2,000 plus VAT, with larger multi-let buildings commonly in the range of £2,500 to £7,500, and complex assets or portfolios priced individually. You’ll get no-obligation quotes to compare.

How long does a commercial valuation take?+

Typically one to two weeks from instruction for a straightforward property, allowing for the inspection, the evidence and the report. Large, multi-let or specialist buildings take longer, mainly because of the lease and tenancy information that has to be reviewed.

Will my bank accept a valuation I commission myself?+

Often not. For secured lending most banks instruct a valuer from their own panel and the report is addressed to them. Ask your lender first. A valuation you commission is still useful for negotiating, planning a refinance or checking a purchase price.

What is the difference between a valuation and a building survey?+

A valuation tells you what the property is worth. A building survey tells you what condition it is in and what repairs it needs. Buyers of commercial property usually want both, and the survey findings feed into the value.

Can you value large or multi-let commercial buildings?+

Yes. We match larger office, industrial, retail and mixed-use buildings, investment property and portfolios with valuers who have the sector experience. These are valued mainly on their income, lease terms, tenant strength and yield.

How long is a commercial valuation valid for?+

A valuation is an opinion at a stated date and has no fixed shelf life. In practice lenders usually treat a report as current for around three months, and markets, leases or the building itself can change the figure sooner.

Is a valuation the same as an insurance rebuild figure or a rateable value?+

No. Market value is what the property would sell for. A reinstatement cost assessment is what it would cost to rebuild, for insurance. Rateable value is set by the Valuation Office Agency for business rates. They are three different figures prepared for three different purposes.

Also required on this property

One property, several obligations. Sort them together.

Most commercial premises carry more than one compliance duty. These are the ones that usually sit alongside this service, or run our compliance check to see everything your property needs in one go.