Retail, Industrial and Commercial Properties
Real Estate is one of the appraisal disciplines covered by our specialized staff; the others being machinery & equipment and intangible assets (including business valuations).
Our real estate expertise includes retail, industrial, and commercial properties. Our appraisers are particularly skilled appraising heavy industrial sites, such as chemical plants, steel mills, large manufacturing facilities, and mining operations to name a few. The industries served are also diverse, including pharmaceutical, chemical, specialty metals, steel, rubber, and plastics, as well as other industries with lighter manufacturing requirements. Light manufacturing, retail space, and office properties are also often appraised by our state licensed general appraisers.
Our real estate appraisers are seasoned veterans, and are certified general appraisers as required by the mandates promulgated by the Financial Institution Reform, Recovery and Enforcement Act of 1989 (FIRREA).
Serving Various Purposes
There are many uses for a real estate appraisal, as well as a range of values to be reported to meet the purpose of the appraisal. Some of the more common purposes for a real estate appraisal are:
‣ Allocation of Purchase Price (ASC 805, IRC §1060, IRC §338)
‣ Determination of Purchase or Sale Price
‣ Business/Property Dissolution
‣ Property Tax
‣ Corporate Planning
All of our real estate appraisals are performed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), and, if necessary, FIRREA. USPAP provides guidance on the required elements of an appraisal report, reporting options, and other pertinent information to ensure the best professional appraisals.