How WestRock Performs Mixed-Use Property Appraisals
An appraisal generally requires the understanding of a property’s intended use - historic or projected. What makes a mixed-use property so potentially profitable also makes it difficult to evaluate this property type using general appraisal methods. With increasing needs in mixed-use spaces, multipurpose properties are more desirable than ever in this market. Live-work spaces, multi-use living and retail properties, and other combinations are in demand due to the proliferation of multi-use property. As such, mixed use development and real estate is booming.
By combining two separate types of real estate property, an appraisal needs to address all potential real estate factors, e.g. multiple zoning criteria, varied income streams, and additional questions of property taxes. A valuation service will have to address these different contributing factors and the current market’s impact on them.
To participate in mixed-use property development, in any of its stages, requires acquiring a property appraisal. Ideally, you’d like to find a partner that has experience in mixed use property valuation. WestRock is such a partner, having experience in the valuation of mixed use buildings, retail stores, and commercial and residential properties.
With WestRock’s team of appraisers, you are guaranteed an accurate appraisal conducted with up-to-date market analysis, property comparisons, and the latest in valuation technology.
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