Commercial appraisal is the term usually given to describe retail, office, industrial, and other miscellaneous property value estimation. Using a variety of tools of analysis, a commercial appraiser can estimate the value of almost any type of real estate.
Most of these property types are analyzed and compared to other properties on the basis of the price per square foot of net rentable building area with the Sales Comparison Approach. The Sales Comparison Approach incorporates the actions of buyers and sellers in the marketplace. The Income Capitalization Approach uses market supported actual rental rates, vacancy allowance, operating expenses, and overall rates in order to estimate a value for the subject property. The value indication by the Income Capitalization Approach is usually given weight in a reconciled market value as it reflects the thinking process of an investor. The Cost Approach considers the current cost of reproducing a property, less accrued depreciation in the property. A summation of the market value of the land, assumed vacant, and the depreciated reproduction cost new of the improvements provides an indication of the total value of the property. This approach is typically used for specialty properties, such as churches or other unique properties that are difficult to otherwise compare or estimate income.
Marietta Home Appraiser is a full-service appraisal firm providing commercial real estate appraisal and consulting services that is small enough or large enough for your needs. We have been appraising real estate in the Marietta area for over 14 years. All of our real estate appraisers are state certified and they are known for providing well-researched and documented appraisal reports. Our professionals can complete any commercial real estate appraisal assignment and we deliver our results on time. We provide commercial appraisals in a detailed narrative format or on standardized forms depending upon our clients’ needs. Our reports conform to all federal regulations.
At Marietta Home Appraiser, we can assure you that you will receive the best in professional service and the highest quality appraisal reports. Call Marietta Home Appraiser today at (404) 565-4942 to schedule your appraisal. Marietta Home Appraiser has the experience and qualifications to meet all of your appraisal needs.