In addition, we are experienced with going concern properties such as gas stations and motels/hotels, as well as special purpose properties such as religious facilities.

We offer several report format options that cater to your specific needs. The following is a list of report format options with a brief description:

Full Narrative/Self Contained Appraisal Report

This format can be used for any commercial, industrial property type, vacant land, and proposed developments. It is not generally completed on a pre-designed form and is in essay form. This report type is commonly used by lending institutions, private investors, and developers for complex properties and proposals.

It is the most in depth report with a full description and analysis of the following:

Identification of the property Purpose and rights Appraised Scope and Methodology Ownership and Sales History Location Analysis Site Analysis

Market Conditions Highest and Best Use The Cost Approach The Sales Comparison Approach The Income Approach

Summary Appraisal Report

This type of appraisal is completed on a pre-designed form. The most common residential appraisal form is known as the 1004/URAR. Summary Reports are generally used by lending institutions for non-complex and/or conforming properties. The following is a partial list of the properties types and the forms that are used to complete the reports.

• 71A (Eight Page Form)    Multiple Unit Properties (5 + Units)
• 71B (Four Page Form)     Multiple Unit Properties (5 + Units)

Uniform Commercial/Industrial Summary Appraisal Report Forms: (For offices, retail centers, industrial centers, mixed use, etc.)

• UCISAR      Small Property
• USISAR       Existing Property

Restricted Use Appraisal Report

This report option is best suited for use in non-federally related loan transactions. It is most commonly used for estate planning, divorce, settlement, litigation, etc. The purpose of this report type is to develop an estimate of value, without the benefit (in most cases) of a full interior and/or exterior inspection. Generally this report type is completed in essay form like a narrative report. However, it will not include the in depth analysis found in a narrative format.

Turn Around Time

The estimated time it takes to complete a commercial appraisal varies based upon the report type required and the complexity of the assignment. We can provide you with an estimated delivery time along with a fee quote.

Fees

Fees for commercial appraisals are determined on a case by case basis. Please click on the Request a Fee Quote link below and provide the requested information to the best of your ability.