Vacant Land Appraisals
Getting Vacant Land Appraised
No one ever said evaluating the worth of your vacant lot would be easy. Land investors run into issues when attempting to evaluate this specific property’s value because the traditional methods of valuation (e.g. cost, comparison, and income approach) are not easy to determine.
This is made even more frustrating because an appraisal is the beginning of your buying and selling process. Several factors depend on the appraisal report to proceed like property taxes, selling price, and your profit margin. Without an accurate appraisal, you risk unknowingly taking a loss or unintentionally inflating all the dependent variables.
A quality real estate appraiser will reduce the likelihood of either of these unfortunate circumstances. WestRock appraisers analyze a piece of land’s accessibility, topography, and zoning regulations to determine its potential uses and create an accurate appraisal report. With our standards for detailed, efficient, and thorough appraisals, your raw land is ready to become commercial land, regardless of the type of land.
WestRock can have your vacant lot appraised and determine its worth based on a combination of approaches. By asking questions to determine the land’s development stage (does it already have access to electricity, thoroughfares, a water sewer, etc.) an appraisal will provide context for the level of investment required from a lender for its potential use.
Using our state of the art valuation technology and the expertise of our seasoned appraisers, we guarantee an accurate appraisal to ensure you can make a well-informed decision about this land investment.

Who Can Use a Vacant Property Appraisal?
Whether you’re a lender, investor, or developer, an appraisal is a crucial next step for this vacant property. An appraisal is the first domino before all the rest. Before money even changes hands, you need an accurate appraisal that establishes this property’s worth to you. An appraisal report will benefit you by determining a property’s value, uncovering potential detriments, and shedding light on how much work needs to be put into it to make it viable.
We are proud of our partnerships and developing new ones is pivotal. Whether you are obtaining an appraisal for yourself or a client, we are ready to help.
Our Commercial Appraisal Reports
A vacant lot appraisal is not different from other appraisals in that it requires extensive analysis of several property factors. Consideration of shaped lots, proximity to established travel routes, and the land valuation of comparative parcels of land are all important for generating an accurate appraisal.
WestRock will provide reliable market analysis to build your investment decisions around. Having the property appraised will determine the land investment’s viability, whether you or any potential owner can develop the land in a profitable way, and provide crucial analysis of any environmental study that is relevant to the subject property.
Each of our commercial appraisal reports is meticulously prepared to our exacting standards to fulfill your needs. Such fulfillment delivers on our promise of accuracy and credibility, including:
- 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 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
Experience, education, and integrity are all crucial qualities in an appraisal service. WestRock knows the significance of these qualities and emphasizes them in our recruitment and training. This ensures that every appraisal report generated by a member of our team will accurately and informatively prove the appraised land’s worth.
The MAI designation is held only by appraisers who have invested time and effort into their own training to cultivate extensive experience in the valuation of properties. MAI appraisers go above and beyond to perform quality appraisals used to advise clients on sound real estate investment decisions. WestRock’s founder and president, Steve Romer, earned the MAI designation and has instilled its value into every aspect of WestRock’s appraisal process.
An appraisal service that boasts even one MAI designated appraiser in their ranks demonstrates credibility, knowledge, and experience. Let our appraisers utilize this training and extensive experience to your benefit.
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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