How WestRock Performs Industrial Property Appraisals
The rapid expansion of transportation, delivery, and manufacturing services necessitated increased demand for industrial spaces. No longer just office buildings and retail spaces, industrial real estate takes up a great deal of physical and portfolio space. WestRock’s team of appraisers is known for its expansive knowledge and agility, generating accurate appraisals for multiple property types.
Whether you’re developing a new warehouse or acquiring a distribution center, an appraisal will gauge an industrial property’s value and appeal. Industrial appraisals, like the properties themselves, are not one size fits all. The zoning, furnishings, and even foundations for a warehouse differ completely from that of a flex space which has more utility built into it. Awareness of a subject property’s history and projected usage is important for an appraisal report.
By examining similar properties and their sale prices, the market area, and types of income generated by the subject property, WestRock uses a variety of analytical methods to produce a commercial real estate appraisal. With due consideration to its industrial usage, a valuation will address what distinguishes this property type from others in its appraisal report.
WestRock equips each of its commercial appraisers with state of the art valuation technology, a highly collaborative team, and thorough market analysis to generate property appraisals. Because of these assets, WestRock reports are accurate, detailed, and designed for a specific property type in mind.
