Uses of a Commercial Appraisal
The goal of an appraiser is to provide an impartial, independent and objective analysis and value opinion for a commercial property. Appraisals are known mostly for their end result value opinion. However, appraisal reports also provide valuable additional market information including local market conditions, economic conditions and demographics. Particularly useful comparable property sales, construction costs, occupancy/vacancy rates and rental rates are also included. Some of the most common reasons to have an appraisal performed include:
- Purchase and sale transactions
- Mortgage lending and underwriting
- Investment Management
- Estate Planning
- Litigation
- Foreclosure (REO)
- Insurance Purposes
- Internal Accounting
- Real Estate Property Tax Appeal
- Eminent Domain
Property Types Appraised
As an experienced and MAI designated commercial real estate appraiser, I perform valuation and consulting services for nearly all commercial and investment property types. Most commonly, these include:
Triple Net Building in Raleigh, NC
- Office
- Retail
- Medical
- Multifamily/apartment
- Industrial/warehouse
- Flex
- Vacant land
- Development sites
- Self-storage
- Restaurants
- Gas station/convenience stores
- Car Wash
- Automotive repair/quick lube
- Daycare
- Assisted Living (ALF)
- Historic and special purpose
Valuation Service Area
I provide commercial real estate appraisal and valuation services primarily in Raleigh and the communities surrounding the Research Triangle area. This includes Cary, Holly Springs, Durham, Chapel Hill, Wake Forest, Rocky Mount, Greenville, Goldsboro, and Henderson. For select property types and upon request, my geographic service area is often much larger.
Appraisal Clients Served
Throughout my appraisal career, I have performed valuation and consulting assignments for many types of clients including:
- Conventional Commercial Real Estate Lenders
- Commercial Mortgage Lenders
- Attorneys
- Property Owners
- Life Insurance Companies
- Small Business Administration (SBA) Lenders
- CDCs (Certified Development Corporations)
- CMBS Special Servicers
- Conduit Lenders
- Government Entities and Local Municipalities
- Private Investment Firms
- Institutional Investors
Real Estate Appraisal and Valuation Blog
Be sure to check out my blog section, where I discuss local commercial real estate development in the Raleigh-Durham area. Topics also include current economic issues affecting real estate appraisals, along with recent appraisal industry news and trends.
Contact Matt Benyon, MAI
Contact me for additional information on commercial real estate appraisals and valuation services in North Carolina.