A commercial or industrial appraisal is a defensible and carefully documented opinion of value. This is most commonly derived analyzing the three generally accepted of methods of valuation i.e. Sales Comparison Approach, Income Approach and Cost Approach. These appraisals can only be prepared by a Certified, General Real Estate Appraiser who is licensed in a particular state; Assessment Evaluation is licensed in both Pennsylvania and New York to perform such appraisals. There is another license which limits the appraiser to single-family dwellings or smaller residential apartments that are less than five (5) units. The appraisers at Assessment Evaluation, Inc. are certified to perform these more complex types of reports.
The appraisal analyzes many factors depending on the client’s needs, property type, scope of work, use and user of the appraisal. Generally, an appraisal will provide an overview of the current economic conditions and market area, a description of the property including the site and buildings, an analysis of the highest and best use of the property, and an in-depth discussion of the valuation from the approaches used in the appraisal.
At Assessment Evaluation Inc. we are actively involved at every step of the appraisal process; from researching the appropriate market area to assembling the analysis of information pertinent to your property. Whether for a tax appeal, estate, condemnation, or analyze of an owned investment, we provide objective, impartial and unbiased opinions about the value of your property.
The end result of the appraisal process typically consists of providing the client with a narrative report to include supporting analysis, detailed information and supporting documentation. The purpose of the report is to convey the estimated value of the subject property and support that estimate with corroborating information.