Commercial Real Estate Appraisal
Commercial properties generally involve a greater level of complexity, the value of some properties are driven by the income potential while the value of others is completely dependent on the potential use to a business. Competency of the appraisers in those cases is paramount in the accuracy of his or her opinion. Our staff consists of Certified General Appraisers and appraisers with the prestigious MAI designation given by the Appraisal Institute, we are more than competent to appraise most property types in our relevant coverage areas.
A commercial appraisal may be used for acquisition, disposition, internal decision making, mortgage underwriting, estate planning, estate taxes and eminent domain.
Banks may need a commercial appraisal to assist in the valuation of commercial real estate that will be the collateral for the mortgage loan. A developer, investor or an owner may want a commercial appraisal that will help with an educated and intelligent decision to complete the transaction. The goal of the commercial appraiser is to provide a commercial appraisal that is of high quality and supported with excellent data.
Commercial Appraisal Property Types
Our experience in appraising property types is diverse. Property types include office (single user, multi-tenant); retail (single user, multi-tenant, big box, power centers, restaurant); hotels: mobile home parks; daycare facilities; apartment; industrial (warehouse/distribution, flex, manufacturing, cold storage); churches and specialty property uses. Some of the specialty uses or properties include the appraisal of billboards, wetlands, land leases and easements.