The main objective of research is to identify those commercial property’s characteristics and problems which are common in valuating practise and appraisal methods which are used in valuating commercial property. Research tasks are: to identify teoretical basis, legislation in Latvia, valuation standarts and practise to determine object’s value, to determine object’s characteristics, determine appraisal’s objective, to determine appraisal methods which are used in valuating this particular object, to determine Latvia’s economic situation as a whole and real estate market situation, to determine office building and office premises market situasion in Riga, to make suggestions to improve Latvian real estate market appraisal practise. Author described the meaning of a term „real estate” in Latvia, the development of real estate evaluating field in Latvia, as well as analyzed real estate market situation and lease agreements and their effects on the object being evaluated, and also given an analysis of the best way of exploitation of a real estate. In the conclusions are described evaluating of commercial facilities and evaluating problems. Research provides basic information about valuation standarts and methods, information about locasion and clasification of commercial property and office premises in Riga, market information about Latvia’s economy and office premises.