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.
Our Commercial Appraisal Reports
A thorough commercial real estate property appraisal requires analysis from several angles:
- Market Approach: A method that values an asset based on comparable sales of comparable properties
- Cost Approach: A method that values a property based on the cost of building 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 cap rate.
WestRock’s valuation method relies on a comprehensive understanding of the relevant markets and utilizing these approaches appropriately. Each of our appraisal reports is meticulously prepared to fulfill your needs. Such fulfillment delivers on our promise of accuracy and credibility with several features, including:
- Market 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 choosing WestRock, you are gaining an appraisal service with a team that possesses experience, education, capability, and integrity. We emphasize these qualities in our recruitment and training, ensuring that every appraisal report generated by a member of our team acts in your best interests.
Take our founder and president, Steve Romer, for example. He has earned the coveted MAI designation, meaning he has invested a substantial amount of time and effort in his own training. He used this to garner extensive experience in the valuation of properties from commercial to residential real estate. MAI appraisers go above and beyond to develop their analytical skills, expand their knowledge, and ensure reliability in their reports. Steve has undergone this extensive education and training and instills its work ethic and values into every aspect of WestRock’s appraisal operations and team.
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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