If you need to check the area of a lot of polygons, I would recommend that you create a label that shows the area of all your lots.
Such an expression could be as basic as this: Area(OBJ, "sq m") + " sq m"
This will show the area in square meters and add the text " sq m" to the area in order to makesure you know the unit used.
As for Spherical, this is one way of calculating the areas or lengths in MapInfo Pro. I only recommend the Spherical calculation for lat/lon coordinate system.
If you are using a projected coordinate system, I would recommend that you use the Cartesian calculation method in stead.
You can specify this in your label expression, too: CartesianArea(OBJ, "sq m") + " sq m"
Using the like this might not make the area look very nice as it might have many decimals etc. So to improve the expression you can format the number value and also round the area to for example two decimals: FormatNumber$(Round(CartesianArea(OBJ, "sq m"), 0.01)) + " sq m"?