A commercial real estate appraisal is an independent and objective estimate of a
property’s value as of an effective date. It considers factors such as income potential,
land use restrictions, local market trends, comparable property sales, and the physical
condition of the asset. The final conclusion helps stakeholders make informed decisions
for financing, acquisition, disposition, development, or litigation.
A commercial appraisal is typically required for financing, portfolio management,
taxation appeals, estate planning, divorce settlements, insurance assessments,
feasibility analysis, and property transactions. Lenders, investors, owners, and
government bodies rely on professional appraisals to manage risk and support
informed decision-making.
Truestate Appraisals conducts valuations for a wide range of commercial real estate,
including retail plazas, office buildings, industrial facilities, warehouses,
multifamily rental properties, mixed-use assets, development land, agricultural
holdings, and special-purpose properties such as hotels, gas stations, car washes,
daycares, self-storage facilities, and automotive dealerships.
Appraisers use three primary approaches to value depending on the asset type and
market conditions: the Income Approach (based on rental income and capitalization
rates), the Sales Comparison Approach (comparing recent comparable sales), and
the Cost Approach (land value plus replacement cost less depreciation).
Typical turnaround times range from one to four weeks, depending on the complexity
of the assignment, property type, and data availability. More complex properties may
require additional research and analysis.
Clients are often asked to provide property financial statements, rent rolls, leases,
building plans, site surveys, operating expense details, and information on recent
renovations or capital expenditures. Accurate information helps ensure a credible
and timely valuation.
Appraisal fees vary based on property type, size, location, and complexity. Simple
properties may have a modest fee, while complex assets may require more detailed
analysis. Truestate Appraisals provides customized quotes for each assignment.
Yes. Property assessments are prepared by government authorities for taxation
purposes and may not reflect market value. A commercial appraisal provides an
independent estimate of market value for a specific purpose and effective date.
Authorized users are defined in the engagement agreement and may include lenders,
investors, owners, lawyers, accountants, and regulatory authorities. Reports are
confidential and cannot be shared without permission.
Our appraisers are designated members of the Appraisal Institute of Canada (AIC)
holding the P.App., AACI designation. They meet rigorous education, experience,
and ethical standards and complete ongoing professional development.
A defensible appraisal requires on-site inspection, market research, data verification,
and detailed analysis. Providing an estimate without these steps would be misleading
and non-compliant with professional appraisal standards.
Simply contact us with basic property details and your appraisal objective. We will
confirm the scope of work, timeline, and fee, and proceed with a formal engagement
to deliver a reliable and defensible valuation report.