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What is the average cost of selling a commercial property

The average cost of selling a commercial property can vary greatly depending on several factors such as the size and complexity of the property, location, type of transaction, and additional fees that may apply. Typically, the costs include a commission paid to the real estate agent and brokerage, which ranges from 4 to 8% of the property's sale price. Additionally, appraisal fees, inspection costs, and other fees may apply, depending on the property type and transaction. For example, an appraisal of a commercial property can cost anywhere from $500 to $20,000 or more, depending on the size and complexity of the property. Inspections may also be performed before selling the property, which can cost around $0.10 per square foot. Furthermore, the tax implications of selling a commercial property should also be considered, as it can result in federal capital gains tax, state taxes, and depreciation recapture. However, it's important to note that the costs of selling a commercial property can vary greatly, and it's best to consult with a professional to get a more accurate estimate.

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