Commercial Real Estate Appraisals
Of all real estate, Commercial properties tend to be the most complex properties to appraise.
The Income Approach to value is typically used. It requires the development of an income stream, and existing leases must be considered.
Understanding Commerical Properties
Other factors that can materially affect the value of Commercial real estate typically include zoning, excess land, parking, vacancies, location, local economic conditions, deferred maintenance and competing buildings.
We Understand the Nuances of Commercial Properties
A significant portion of our Commercial real estate appraisals involve mortgage lending. Further reasons for a commercial appraisal include, but are not limited to: