Industrial Property Appraisals
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.

Who Needs an Industrial Property Appraisal?
Whether choosing to buy or sell a property, proposing a tax appeal on a property’s taxes, or considering a property investment, you need an appraisal report. In each case, an appraisal is the natural first step for any developer, property owner, or investor. Through the analysis of comparable sales of similar properties, income generation, optimization costs, and the property itself, a WestRock appraisal report will provide you with all the information you need when considering your next steps for this industrial property.
Providing many types of reports (self-contained, summary, or restricted-use appraisal), WestRock specializes in producing accurate and detailed reports to better establish your property’s value, appeal, and optimization needs. With this knowledge, you can make informed investment decisions.
We value our partnerships above all. Whether seeking appraisal services on behalf of a client or for yourself, we are ready to help.
Our Commercial Appraisal Reports
WestRock’s property appraisals will be a result of these three approaches to provide the foundation for this quantitative data analysis:
- Market Approach: A method that values an asset based on comparable property sales. Also known as the sales comparison approach, it tracks recently completed sales of comparable properties to determine a property’s current market value.
- Cost Approach: A method that values a property based on the replacement cost of constructing a similar property, minus depreciation, plus the site’s value.
- Income Approach: A method that bases the valuation on a property’s income; the net operating income of the rent divided by its capitalization rate.
Quality market analysis requires an understanding and the combined implementations of these methods. Each of our commercial appraisal reports is meticulously prepared, efficiently generated, and effectively demonstrates this comprehensive market analysis. Delivering on our promise of accuracy and credibility, a WestRock appraisal provides:
- Area Analysis: Deduction of relevant market trends, demographic statistics, and economic indicators.
- Zoning Analysis: An in-depth evaluation of the property’s compliance with relevant zoning standards.
- Improvements and Suggestions: Comprehensive descriptions, along with sketches and photographs, to detail a property’s optimized improvements.
- Real Estate Taxes Statistics: This feature analyzes historical and current taxes to project accurate real estate taxes for the subject property.
- Comparison Data: Detailed photos, descriptions, and analytics of comparative properties are provided for comparison. A sales comparison grid depicts all data and any necessary adjustments.
- Income Analysis: Evaluation of historical data to determine a property’s projected income and its requisite expenses.
- Complete itemization of all income sources.
- Operating Expenses: We provide an operating expense history and anticipate your expenses based on our extensive collection of comparable expense data.
Capitalization Rate Development: Commercial loan rate surveys provide a basis for capitalization rate development.
Experience Matters
When selecting an appraisal service, it is imperative that it be a team of professionals with experience, education, and integrity. WestRock emphasizes these values in our recruitment and training, ensuring that every appraisal report generated by a member of our team will be beneficial when making an investment decision.
Appraisers who have the coveted MAI designation have invested a substantial amount of time in their own training and valuation experience. From all types of real estate, MAI appraisers go above and beyond to perform quality comprehensive appraisals to advise clients on sound real estate investment decisions. Steve Romer, WestRock founder and president, instills every aspect of his MAI designation into every level of WestRock’s appraisal operations and its team.
An appraisal service that boasts this designation represents a reliable unbiased opinion with its accurate appraisal based on extensive market analysis and experience.
Pricing
Prices vary on specific appraisal reports because of many factors like:
- Property type
- Size and complexity of property
- Property location and travel distance involved
- Ease of obtaining data in the relevant market area
- Scope of work
- Reporting format
- Turnaround time
Let WestRock Help Appraise Your Property
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