How long is the turnaround time for a commercial appraisal?

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The time to complete the appraisal depends on a number of factors, including the property type, intended use, scope of work, appraisal report format, and how quickly the due diligence is provided. Typically, commercial appraisals take two to three weeks to complete. Expedited turnaround times are available at an additional cost.

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What are the types of commercial appraisal reports?

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As of January 1, 2014, the Uniform Standards of Appraisal Practice (USPAP) was amended by the Appraisal Standards Board (ASB) to include two report options under Standards 2 and 8: the Appraisal Report and the Restricted Appraisal Report.

 

The Appraisal Report requirements are very similar to the previous requirements of a Summary Appraisal Report. It is appropriate for any appraisal assignment in which the client may need to understand the appraiser's rationale. An Appraisal Report is the most  common type of commercial appraisal.

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A Restricted Appraisal Report is similar to the previous requirements of a Restricted Use Appraisal Report. The use of a Restricted Appraisal Report is appropriate when the client does not require the level of information in an Appraisal Report; it is typically used in estate/tax planning.

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What property types do you specialize in?

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We are experienced in a large variety of property types, including, but not limited to, residential, multi-family, office, industrial, retail, and land. Our services include the property types detailed below:

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Industrial: Warehouse, Distribution, Manufacturing, Flex, R&D/Laboratory, Storage Yard, Cold Storage, Showroom, Data Center, Self-Storage, & more.

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Multi-Family/Apartments: Apartment, Mobile Home Parks/Manufactured Housing, Condominiums, Townhouses, Affordable/Low-Income Housing, Student Housing, Mixed-Use Multi-Family, & more.

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Office: Downtown CBD Office, Suburban Office, Medical Office, Creative Office, Live-Work Office, Mixed-Use Office & more.

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Retail: Freestanding Retail, Storefront Retail, Restaurant, Bank, Convenience Store, Day Care, Gas Station, Health Club, Supermarket, National Retailer, Mixed-Use Retail, & more.

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Shopping Center: Retail Strip, Neighborhood, Community, Power, Regional, Outlet, Regional Mall & more.

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What requirements/regulations do the appraisals conform to?

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All appraisals are prepared in accordance with the Uniform Standards of Professional Appraisal Practice, applicable federal and state regulatory requirements (FIRREA, OCC, OREA, etc.), and the specific requirements of each client.

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