Company info:

Commercial Real Estate Appraisal Services

Complete Self-Contained Appraisal Report

SelfCont
The Complete Self-Contained Appraisal Report is a detailed narrative report completed by a state Certified General Appraiser. The Complete Self-Contained Appraisal Report contains all three approaches to value presented in their entirety: the Income Approach, the Cost Approach and the Sales Comparison Approach when these approaches are relevant and necessary with no USPAP item omitted. Every aspect of the appraiser's analysis and reasoning is described in detail in the final report, including all of the support for the conclusions rendered.

Limited Self-Contained Appraisal Report

The Limited Self-Contained Appraisal Report is a detailed narrative report completed by a state Certified General Appraiser. The Limited Self-Contained Appraisal Report may omit one or more of the three approaches to value or it may omit some other non-binding USPAP requirement. The approaches to value that the appraiser utilizes are presented in their entirety. Most of the appraiser's analysis and reasoning is described in detail in the final report, including the relevant support for the conclusions rendered.

Commercial Property Inspection

The Commercial Condition Report is based on an exterior inspection (interior inspections are also available upon request for an additional fee). This report does not provide a value for the subject property. The Commercial Condition Report is only designed to describe the quality and condition of the subject property and to assess the general characteristics of the commercial market in which the subject property is located. The purpose of this report is to establish whether the subject property is in average marketable condition. It is typically utilized when the client already has a previous appraisal, but that appraisal is dated and a new appraisal is not needed per OCC regulations. This report typically contains a subject front, rear (when possible) and street scene (in both directions) photographs.

Commercial Land

All land zoned commercial, office-institutional, general business or industrial should be appraised by a commercial appraiser. Generally, land appraisals over 50 acres are considered to be non-residential, regardless of the specific zoning on the tract. Also large agricultural tracts (25 acres +) are typically completed by commercial appraisers. The Commercial Land Appraisal can either be completed on a land appraisal form or done as a narrative. This report utilizes the Sales Comparison Approach or one of the other six approved methods of valuing land. Land appraisals contain the relevant maps and photographs.

Commercial Broker’s Price Opinion

The Commercial Broker's Price Opinion is completed on the FW-69 form. This report is a market analysis prepared by a local commercial real estate professional. The Commercial BPO is a drive-by product, which includes a picture of the subject property only. This is a real estate evaluation report and is not a real estate appraisal.
 

Commercial Field Review

The Commercial Field Review is a technical review completed on the 4002 form by a state Certified General Appraiser, who is licensed in the state in which the subject property is located and is familiar with the subject's local market area. The review appraiser receives a copy of the original appraisal report to form an opinion as to the adequacy, appropriateness, completeness and reasonableness of the report under review. The review appraiser forms an opinion as to the relevance of the data employed, the propriety of the adjustments to the data and whether the conclusions are supported by the data contained in the report. The review appraiser conducts an exterior inspection of the subject property and the comparable sales used in the report to determine whether the data utilized supports the conclusions rendered by the initial appraiser. The review appraiser confirms accuracy of the sales data by means of electronic data sources or public records and provides subject and comparable photographs. If the review appraiser disagrees with the original value opinion, the appraiser will provide support for an independent opinion of value.

Miscellaneous Commercial Products

Miscprod
Any commercial service that is less than a commercial appraisal or commercial broker’s price opinion is a miscellaneous commercial product. Occasionally, a lender will only request a photograph of a commercial property to verify that the property still exists and is in average marketable condition.

Metropolitan Statistical Areas

FL
Alachua
Duval
Manatee
Pasco
 
Bay
Escambia
Marion
Pinellas
 
Bradford
Gadsden
Martin
Polk
 
Brevard
Hernando
Nassau
Santa Rosa
 
Broward
Lake
Okaloosa
Sarasota
 
Clay
Lee
Orange
Seminole
 
Collier
Leon
Osceola
St. Johns
 
Dade
Lutz
Palm Beach
Volusia