Warehouses are part of the logistic business sector. In Thailand, we provide various types of warehouse market rent, depending on the location. The product target market is also considered one of the variables that contribute to hazardous chemical storage places, etc.
A warehouse is a rental place for storing goods or equipment, each of which may have a condition of the type of goods to be stored. This is a requirement that affects the market rental price per square meter and other services. In addition, other services besides income are considered to be the difference that can affect the market rent as an overall image. This can be analyzed in terms of the benefits and drawbacks of each warehouse. Apart from this, the factors that also need to be considered are expenses not included in the rental fee, such as tax, electricity, water, chiller, etc. In this case, the suitable valuation method in this property appraisal is the ‘Income Approach’, which mainly focuses on market rental fee, contract rental fee, and the actual vacancy rate.
On the other hand, the ‘Cost Approach’ will also be used to review the price by considering the current land price, which includes building and improvements that have already been depreciated.
Please refer to all the required documents for warehouse valuation below:
- Document of right where the warehouse is located
- Building construction permit
- Plan showing land location of the building
- Building floor plan showing division of the rental units
- Business license/permit
- Summary of tenant details (short term or long term contract)
- Summary of the business operation for the past 3 years