SYSTEMS AND METHODS FOR OPTIMIZING PROPERTY VALUATIONS AND APPRAISALS

摘要

A valuation computing device for optimizing a valuation of a property is provided. The valuation computing device includes a processor coupled to a memory and a database. The processor is programmed to receive a property location of a candidate property and a predefined distance that defines a geographical area including the property location, calculate an impact area including at least one merchant within the predefined distance, retrieve a list of merchants within the impact area and transaction data associated with the retrieved list of merchants from the database, analyze the retrieved transaction data to determine which merchants of the retrieved list of merchants are currently operating, generate merchant data for the operating merchants based on the transaction data associated with the operating merchants, and determine a proximity-to-commerce value of the candidate property based on the generated merchant data.