If you’re a business owner, chances are that you’ll need a Commercial Appraisal at some point. The reasons can vary from financing, to relocating, to selling the business entirely. Northern Lights Appraisals has taken our extensive knowledge of residential appraisals and applied it to the commercial field. We are pleased to offer you a customized property valuation to meet your specific needs, whether you are an owner, lender or prospective buyer. We understand that you need quick, accurate, well-researched information in order to make an informed decision.
As in the case with any property valuation, every commercial appraisal is different. The range of assignments for Commercial Appraisals goes far beyond the scope of a small business. This vast array of assignments can include raw industrial land, industrial shops, professional offices, small businesses, multi-family housing, shopping malls, and beyond!
A very important difference between Residential and Commercial Appraisals is the scope of work. Commercial Appraisals take more time as they commonly include the Income Approach to value, which is an in-depth analysis of potential revenues, expenses, market lease rates and capitalization of income.
Regardless of what your specific needs are, we are happy to provide you with a timely and accurate property valuation so that you can make the best decisions and investments for your business.
A commercial appraisal may involve much more the property itself. Commercial appraisals involve an in-depth property analysis along with an analysis of the business through the income approach. It’s easy to see that these reports take considerably more time than a residential appraisal. Following the extensive research and analysis, each report is then written up as a custom narrative report in order to meet the unique needs of each client and assignment.
Our team has an understanding of business in addition to real estate investment in order to provide you with the most thorough and accurate commercial appraisal. We are passionate about the analytical nature of these reports and love using our unique skill set to provide you with exactly what you need.
If you are interested in a commercial appraisal, please feel free to contact us. We are happy to provide you with a quote and a no-obligation phone call. We look forward to meeting with you to answer any questions.