If you have an estate that is being used for commercial purposes, such as malls, hotels, supermarkets, and office buildings, there will be a need to have them appraised or assessed for their value. Commercial real estates can take much longer to inspect when compared to residential estates as they are bigger and more complex.
Commercial buildings are often monitored and the hired appraisers to conduct the assessment must always conform to the ethical requirements set by the Uniform Standards of Professional Appraisal Practice or USPAP. This is why it is necessary and crucial to have an expert to perform the appraisal for your commercial estate.
If you need an appraiser you know you can trust to do an accurate report of your estate’s value, you can call us to order an appraisal. We have the best appraisers that specialize in all areas of the appraisal industry.
Who Are We
We are a team of expert appraisers and staff that has been working in the respective company for many years starting when it was established last March 2010. We are located in Fort Wayne, Indiana, and have been providing our services in the city and neighboring areas.
Our team is proud to maintain our professional relationship with many commercial estate owners and has worked with legal advisors and private individuals. With our experience, we can humbly say that we are able to do various appraisals for our clients, such as:
- Commercial and real estate appraisals
- Financial planning and trust appraisals
- Divorce appraisals
- Pre-listing appraisals
Our professional appraisers are:
Certified by the Federal Housing Administration (FHA) and are state-qualified to do services in Indiana
Equipped with active state credentials
Aware and constantly complies with the Uniform Standards of Professional Appraisal Practice (USPAP) and competency rule during appraisals
For your appraisal needs, give us a call at this number.
How commercial real estate appraisal generally works
There is a difference in the way appraisers assess commercial estates and residential ones. For the commercial estates, owners would need to have the value of their estate mostly for investing, financing, and lending purposes which is not the usual case for residential estates whose main objective is selling the property.
The computation that our appraisers use in commercial estates is also different. It is very important for these kinds of buildings to be assessed on how much profit or income they are able to put in the table and this will be one of the major deciding factors on how the asset will be valued.
How our appraisers put value in a commercial estate
In general, appraisers who are knowledgeable in commercial estates know that there are three approaches we use to put value in the said property. These are:
1. The Cost Approach
In this method, our appraisers estimate the value of the property by gathering data on how much it cost to build and how much it would cost to reconstruct while taking issues such as physical deterioration into account. This is usually done when the building is still fairly new.
2. The Sales Comparison or Market Approach
Though this method is commonly used for residential buildings, appraisers can also opt to use this approach for some commercial estates by comparing how much it can sell to similar properties.
3.The Income Approach
In this method, our appraisers calculate the value by basing it on the net operating income and capitalization rate. This is the most widely used approach because it can accurately compute how much income or funds the property can generate in the current market.
A reliable and accurate appraisal report should not be hard to get.
To get in touch with us and know more about our services, you can give us a call at this number or schedule an appointment by using our online contact form.
We are happy to hear from you. Contact us for any of your appraisal needs. From residential to commercial, divorce to estate tax and trust, we do it all.
- Estate tax
Fort Wayne, IN 46803