360 Inspections offers commercial real estate inspections following the InterNachi International Standards of Performing Commercial Property Inspections.
Difference between Commercial and Residential Inspections
When you’re buying a home for your family, it is natural to make your decision based on emotion.
Factors such as aesthetic appeal, the feel of the neighborhood, how close good schools are and how comfortable you feel in the house are all important considerations.
When buying commercial real estate, your objective is for the business to be successful and make money.
This means that every expense you incur after buying is money out of the business’ bottom line.
You probably want to avoid any large expenses in the first 5 years of operation while you focus on growing and streamlining operations (see the Rule of 5 and 5 at the end of this article).
Your decision on whether to buy a property or not should be based on how much money the building can earn you, minus how much it is going to cost you (rent, utilities, remodeling/repurposing, repairs and maintenance)
Types of Commercial Property Inspections:
Retail: Malls, strip malls, stand alone stores and other types of retail establishments such as self-storage complexes, small aircraft hangers, etc.
Office Space: CBD and Suburban properties used primarily for office activities.
Apartments: Either single story, garden style, or low/mid rise apartments.
Hospitality: Bed and Breakfast, Motel, Hotel
Industrial: Property designed for industrial uses such as manufacturing, distribution or warehousing.
After the property condition assessment (the walk through and recording of conditions and recommendations) is completed, you will receive a Property Condition Report (PCR)
The Property Condition Report covers:
- Site Characteristics (paving, landscaping and utilities)
- Structural Frame and Building Envelope
- Roof Surface Areas
- Mechanical and Electrical Systems
- Plumbing Systems
- Heating Systems
- Air Conditioning and Ventilation Systems
- Vertical Transportation
- Life Safety/Fire Protection
- Interior Elements
- Document Review
- Opinions of Probable Costs
- Recommendations
The Rule of 5 and 5
Of major importance are the 5 main systems that frequently require replacement and/or maintenance. These are the HVAC, Electrical, Plumbing, Roof and Structure. Typically a business would expect these systems to last at least 5 years without major repair or replacement.
More Information…
Call 904-321-9121 with questions, or to get a quote.
Read more about the standards of commercial inspections here
