Commercial Appraisal Services

Owner-Occupied Commercial Property

1. Site plan or boundary survey, and building floor plans
2. Any recent capital improvements (cost and items updated)
3. Operating expense detail for the past twelve months (utilities, maintenance, insurance, taxes, reserves)
4. Recent third-party reports (environmental Phase I or II, property-condition report, prior appraisal)
5. Any other documents or information you think would be beneficial for review

Leased Commercial Property (Investment)

1. Current rent roll showing tenant names, suite numbers, lease start and end dates, rentable areas, base rents, recoveries, and arrears
2. Copies of all current leases
3. Historical operating statements for the past two to three years plus a year-to-date statement, if applicable
4. Detailed schedule of recoverable expenses (CAM, insurance, taxes) and reconciliation statements sent to tenants
5. Listing of capital expenditures over the past three to five years
6. Service and maintenance contracts (HVAC, elevators, landscaping, security, etc.)
7. Third-party reports (environmental, property-condition, seismic, prior appraisal, zoning letters)
8. Any other documents or information you think would be beneficial for review

Scope drives fee and timing

• Property type, intended use, and assignment complexity determine the effort required
• You receive a fixed price and delivery date that only change if the scope changes

What you receive up front

• Written engagement letter spelling out scope, fixed fee, and promised delivery date
• List of assumptions, optional conditions, and documents we need from you
• Signature blocks for mutual confirmation before work begins

Why it helps you

• Predictable budget and schedule
• Clear communication that prevents scope creep and unmet expectations

Typical timelines

• Simple single-tenant industrial or office: seven to fourteen business days after we have access, documents, and payment
• Large multi-tenant, portfolio, or specialty assets: two to three weeks
• Expedited delivery is available on request with any premium quoted in advance

Purpose of the inspection

• Verify building size, construction quality, layout, and recent upgrades
• Photograph interior and exterior for the report
• Identify any deferred maintenance or safety issues that affect value

What happens on-site

• Exterior walk-through to measure the building footprint and observe site improvements
• Interior tour of representative areas—office, warehouse, etc.
• Brief interview with the owner or manager about utilities, capital projects, and planned renovations

How to prepare

• Ensure all areas are unlocked or a representative is available with keys and access codes
• Notify tenants or staff so the visit is uninterrupted and photographs are permitted

Typical duration

• Small single-tenant building: 15–30 minutes
• Large multi-tenant or multi-building campus: 30 minutes to several hours depending on complexity

Why it matters

• A smooth inspection avoids follow-up visits and keeps the seven to fourteen day (or two to three week) turnaround on track

Professional credentials

• Look for advanced designations such as MAI (Appraisal Institute) or ASA (American Society of Appraisers). These designations are the appraisal equivalent of a CPA in accounting and signal rigorous peer review, continuing