expert in commercial and residential appraisals
Specializing in appraisals for federal tax filing (date of death valuations)
With 39 years experience - I love what we do and it shows
I understand that a successful business needs to be able to easily meet the client's needs. Marketplace Appraisal Svcs specializes in commercial and residential real estate appraising for date of death purposes(estate tax planning), We already know the special concerns that you have in finding the right appraisal firm that can work with your CPA and or estate planning attorney.
Types of Commercial and Residential Properties
Retrospective Valuation
Are you in need a value from the past? Date of death values consist of retrospective values and I have completed countless numbers of commercial appraisals that include retrospective values.
Single Asset Valuations
Office buildings, Retail Stores, Retail Strip Centers, Industrial Buildings, Mixed-Use Properties (Retail & Residential), Apartment Buildings (5 or more units), Land, NNN (Triple Net Leased) Properties, Commercial Condominiums, Auto related properties, Neighborhood Churches, Auto Related Properties, Homes, Duplexes, Triplexes, and FourPlexes.
Portfolio Valuations
Portfolio appraisals refer to the valuation of a collection of properties at one time. Portfolio appraisals range in property type and geography with no limit to how large they may be. Marketplace Appraisal Svcs is experienced in appraising a number of properties within the quoted turn-around time.
Market Rent Studies
Nothing is more important than paying or receiving current market rents for your commercial space. The market changes rapidly and my firm has the expertise and resources to provide you with accurate market rent studies.
Estate Planning Valuation
We have done countless numbers of commercial appraisals for estate planning purposes.
Fractional Interest / Partial Interest
My firm has the expertise in providing fractional / partial interest due to tenants in common owned properties for tax planning estate planning that meets the Internal Revenue Service (IRS) guidelines.
Property Tax Appeal & Consulting
My company has conducted many property tax appraisals for the purpose of reducing one's property taxes in situations where the current property taxes are to high and a tax appeal is being submitted. We know what the County Assessor’s office is looking for in commercial and residential appraisals for property tax appeals.
Rely on Expertise
- Finding the right Commercial Appraiser is important not only for the value of your investment, but it ensures that you have peace of mind, knowing that an experienced and competent appraiser will address and appropriately report an accurate value. It also helps to know who you are working with, getting to know their experience including education and background. Commercial Real Estate Appraisals are much different than residential appraisals, as they require more detailed analysis and in some cases such as apartment complexes, retail strip centers, and office complexes they may also require the Income Approach as well as the Market Data Approach to value. A commercial real estate appraiser must have a Certified General License which requires more education and a minimum number of hours of commercial experience then does a residential appraiser. All appraisers must be USPAP compliant, this means they are bound by the rules, regulations and ethics of the Uniform Standards of Professional Appraisal Practice (USPAP). Don’t be afraid to ask questions, an experienced appraiser will be able to answer any questions you may have. Find an appraiser in your geographic area. If the property is a general commercial building and isn’t a special use property (golf course, bowling alley, institutional church, ski resort, etc., there is no reason to hire an out of state appraiser or appraisal company. If the property is a special use property such as a marina, golf course, bowling alley, institutional church, ski resort, mine, etc. then an appraiser from out of state that specializes in that type of property is not uncommon. When requesting a bid from a commercial appraiser, he or she should always ask if the subject property is currently leased, vacant or owner-occupied, and will also need to know the intended use of the appraisal report. This helps the appraiser identify the necessary property rights to appraise and analyze the scope of work when providing an appropriate bid. Essentially, finding an appraiser to suit your needs should be a seamless task, but do not let the fees sway you from selecting a commercial appraiser. Due to the additional education and time spent acquiring the skills needed to become a proficient commercial appraiser the fees are certainly going to be much higher than most residential work. Fees will vary based on the property type, as well as the scope of work involved. A property appraisal requiring the additional use of the income approach will certainly be more expensive than a report that reflects the sales comparison approach only. Finding a commercial real estate appraiser can certainly be a challenge due to the small number of licensed commercial appraisers when compared to overwhelming number of residential appraisers.
- We have 35 years of experience and will make every effort to ensure you feel confident and comfortable with your decision to utilize my appraisal firm.