Retail Property Appraisals
How WestRock Performs Retail Property Appraisals
Several variables factor into the appraisal of retail properties: analysis of comparable properties, square footage, geographic location for profitability, and sale prices of adjacent real estate to name a few. Should you need a commercial appraisal, an appraisal service will be able to analyze all these factors and generate an appraisal that reflects a commercial property’s value.
WestRock specializes in producing accurate and detailed appraisals, better equipping you to make the investment decision that is right for you. Commercial real estate valuation is key for educated decisions - ensuring that you as a lender, developer, or investor do not underpay or overspend based on what this retail property is truly worth.
Understanding a property’s previous, current, or potential use are all integral to the valuation of retail properties specifically. Such understanding will inform a valuation method that differs from residential real estate because it values consistent income generated, sale prices of similar properties, and the net operating income of the retail property itself. Subsequently, a shopping center’s appraisal report will differ vastly from that of office buildings or residential properties. A sales comparison approach addresses that by ensuring an appraisal report is only generated using relevant properties.
What distinguishes an excellent appraisal from a subpar appraisal is the understanding of this nuance and how it affects your retail property valuation. WestRock’s team has extensive market knowledge and experience generating a wide range of appraisal reports. With efficiency, detail, and your satisfaction in mind, WestRock is your best asset when it comes to commercial appraisals and your retail property.
Who Can Use a Retail Property Appraisal?
Whether you are considering developing or investing in a retail property, an appraisal is a necessary first step. Good news or bad news, you are better prepared to make an educated decision when you have an accurate appraisal in hand. Efficiency, accuracy, and the latest valuation technology from WestRock will provide you with that knowledge and peace of mind.
WestRock goes above and beyond to cultivate strong and beneficial partnerships. Whether your retail property appraisal is for yourself or a client, we are ready to help.
Each commercial property is different and WestRock’s prices are tailored to each appraisal assignment.
Contact us to discuss the details of your needs to establish your appraisal’s unique price.
The WestRock Difference
You need more than just service from your appraiser. When so much of what you do relies on quality appraisals, you need experience, transparency, and expertise. That's what it means to work with WestRock.