Commercial appraisal reports (Full Narrative Reports) are very in-depth appraisal reports.
These reports are typically utilized by lending institutions and conform to the
current Uniform Standards of Professional Appraisal Practice (USPAP) and to any federal
and state requirements.
Restricted Use appraisal reports offer a less costly alternative to the full narrative
commercial appraisal report. These reports are condensed and state the facts rather than
summarize the conclusions. These reports are typically utilized for asset valuation and
marketing. Typically utilize one approach to value (most applicable approach) and still in
compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
Retrospective valuations are utilized when the client needs a value of the property in the
past. This is typically used for estate type valuations (date of death) and or property
disputes.
We can help commercial property owners appeal there commercial real estate assessed
values. Tax appeal work is typically performed by a tax appeal firm (non-appraiser) and are
paid on a contingency on what is saved. The fee can run upwards of 50% of the total
savings. A less costly alternative would be to hire a licensed appraisers who will provide an
accurate and impartial valuation in compliance with USPAP.
Typically, commercial leases will have provisions in which future rent will be based on
market. We can provide a rent analysis for most commercial properties.
We can provide insurable values on most commercial properties. We utilize current cost
publications to include actual cost numbers. Insurable value consists of reproduction and
or replacement cost of the improvements excluding land.