| Commercial Real Estate Appraisal Services We appraise commercial property for a variety of purposes including:
REO / foreclosure asset evaluation Property tax assessment review and appeals / abatements Discounts to partial interests for lack of control (DLOC) and marketability (DLOM) Expert witness testimony / litigation support Dispute resolution (divorce / partnership dissolution / zoning issues) Arbitration / Mediation Defaulting CMBS assets Portfolio valuation Sale or asking price determination Financial reporting (SFAS 141, SFAS 141R, SFAS 144 / IFRS) Buy / sell agreements Divestitures Eminent domain / condemnation Loss in value estimate due to contamination and other detrimental conditions Price allocation (business value or goodwill, real property, personal property) Estate planning, gifting, estate settlements, probate Land utilization studies Retrospective dates of value Determination of investment value based on client's investment criteria Partial & fractional interests (shares in partnerships, LLC's, ground leases, etc.) Financing / refinancing (we very rarely perform bank appraisals)
. Property Types Appraised
Multifamily - Conventional (5+ Units), Low Income and/or Affordable/Subsidized (LIHTC, etc.), Condominium Conversion, Mobile Home Park, Boarding House, Halfway House, Homeless Shelter Industrial - Single Tenant, Multitenant, Distribution, Truck Terminal, Factory, Industrial Park, R&D, Self-Storage, Biotech Lab, Cold Storage Hospitality - Hotel, Motel, Resort, Bed & Breakfast, Timeshare Conversion, Timeshare Units Senior Housing - Nursing Home, Assisted-Living, Congregate Care, Alzheimer, etc. Retail - Local, Freestanding, Strip, Neighborhood, Community, Power Center, Lifestyle, Regional Mall Office - CBD High Rise, Office Park, Single Tenant, Medical, Professional Recreational - Golf Course, Health & Fitness, RV Park, Campground, Public Park, Marinas Special Purpose - Restaurant / Bar / Nightclub, Gasoline Service Station / Convenience Store, Movie Theatre, Car Wash, Church, University / College, Day Care, Greenhouse / Nursery, Outdoor Advertising Sign, Lumber Yard, Veterinary Clinic, Kennel, Bank Branch, Auto Dealership, Pay Parking Garage / Lot, Corporate Headquarters, Historical Register Development - Proposed Construction Vacant Land - Commercial, Industrial, Residential, Subdivided, Acreage, Island, Open Space, Contaminated / Stigma Portfolio Valuation - Small or large numbers of properties can be appraised on both an individual basis and/or as a whole. Report Formats
Restricted Use Appraisal Report - this can include a verbal estimate of value or a brief report and is an option when there is only one intended user of the appraisal report. Summary Appraisal Report - this is the most common format that provides a summary of the elements of the report including the information analyzed, appraisal methods and techniques employed, the reasoning that supports the analyses, opinions and conclusions. This report type will typically range from 40 to 100 pages excluding Addenda. Self-Contained Appraisal Report - this is the most comprehensive format. The information analyzed, the appraisal methods and techniques employed, the reasoning that supports the analyses, opinions and conclusions are all described in detail. This report type will typicaly range from 100 to 150 pages excluding Addenda. Report Type and Fee Quotes?
Please call if you need help deciding the type of report needed or for a fee quote. We can provide any of the above appraisal services based on a predetermined or flat fee basis or you can choose to be billed on an hourly basis. Our fees and turnaround times are very competitive.
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