--- title: Acquiring a Retail Property Appraisal description: Whether using a market or cost approach, WestRock will generate an accurate appraisal for any retail property - establishing its appropriate market price. --- [Skip to content](https://www.westrockre.com/real-estate-appraisal-services/assets/retail-properties#main-content) # 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.   [![Start an Appraisal of Your Retail Property](https://no-cache.hubspot.com/cta/default/21921474/e6f8cdf6-7247-4947-9c06-03484690723b.png)](https://cta-redirect.hubspot.com/cta/redirect/21921474/e6f8cdf6-7247-4947-9c06-03484690723b) ## 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. ![attorneys icon](https://www.westrockre.com/hubfs/Icons/Experts/IC%20-%20Attorneys%20-%20Line.svg) Attorneys ![accountant calculator icon](https://www.westrockre.com/hubfs/Icons/Experts/IC%20-%20Accountants%20-%20Line.svg) Accountants ![individuals icon](https://www.westrockre.com/hubfs/Icons/Experts/IC%20-%20Individuals%20-%20Line.svg) Individuals ![banking icon](https://www.westrockre.com/hubfs/Icons/Experts/IC%20-%20Banks%20-%20Line.svg) Banks & Financial Institutions ![money icon](https://www.westrockre.com/hubfs/Icons/Experts/IC%20-%20Lenders%20-%20Line.svg) Private & Hard Money Lenders ![management icon](https://www.westrockre.com/hubfs/Icons/Experts/IC%20-%20Managers%20-%20Line.svg) Appraisal Management Companies ## Each real estate 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 real estate appraisal’s unique price. [ Get in Touch ](https://www.westrockre.com/real-estate-appraisal-services/assets/retail-properties#form) ## The WestRock Difference You need more than just service from your real estate appraiser. When so much of what you do relies on quality real estate appraisals, you need experience, transparency, and expertise. That's what it means to work with WestRock. #### Our Real Estate Appraisal Reports WestRock’s real estate appraisal reports are based on several factors. Any institutional property appraisal will be a result of these three approaches to provide the foundation for this quantitative data analysis:  1. 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 similar properties to determine a property’s current market appeal.  2. 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.  3. Discounted Cash Flow: A method that estimates the value of an investment based on potential cash flows. Initial and annual costs, estimated income, and any holding periods are all variables used in this method.  Reliable market analysis is crucial for a trustworthy real estate appraisal. Each of our real estate appraisal reports is meticulously prepared with your institutional real estate property in mind. WestRock delivers on accuracy and credibility using factors like:  - **Improvements and Suggestions: **Comprehensive descriptions, along with sketches and photographs, to detail a property’s optimized improvements.  - **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.   - **Operating Expenses: **We provide an operating expense history and anticipate your expenses based on our extensive collection of comparable expense data.  - **Capitalization Rate Development: **Residential and** **Commercial loan rate surveys provide a basis for capitalization rate development. [![Download a Sample Report](https://no-cache.hubspot.com/cta/default/21921474/121a5ae6-f8b9-464a-9565-3cc12208b605.png)](https://cta-redirect.hubspot.com/cta/redirect/21921474/121a5ae6-f8b9-464a-9565-3cc12208b605) #### Experience Matters When choosing a real estate appraisal service that’s right for you, it is imperative that they have a team of professionals with experience, education, capability, and integrity. We emphasize these values in our recruitment and training, ensuring that every appraisal report generated by a member of our team can serve your clients’ interests properly.  The coveted MAI designation is held by real estate appraisers who have invested a substantial amount of time in their own training to cultivate extensive experience in the valuation of properties from commercial to residential real estate. MAI appraisers go above and beyond to perform quality real estate appraisals to advise clients on sound real estate investment decisions and Steve Romer is no different. WestRock’s president and founder possesses the MAI designation, demonstrating the efforts he underwent to excel beyond fellow participants in the Appraisal Institute. He instills that experience into every aspect of WestRock’s real estate appraisal operations.  A real estate appraisal service that boasts even one MAI designated real estate appraiser in their ranks demonstrates credibility, knowledge, and experience. Let WestRock use these skills to your investment advantage.  [![Learn More About MAIs](https://no-cache.hubspot.com/cta/default/21921474/c6e24b7b-fdc2-4b34-ad57-0a1c84a3dc99.png)](https://cta-redirect.hubspot.com/cta/redirect/21921474/c6e24b7b-fdc2-4b34-ad57-0a1c84a3dc99) #### Pricing Prices vary on specific real estate 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 Get started by filling out the form below. You'll hear from one of the members of our expert team soon.