Commercial Real Estate Appraisals
Our Commercial Real Estate Appraisal Services
When it comes to commercial real estate, knowing your property’s true market value is essential. At Expert Valuation Services, we provide professional commercial real estate appraisals for office buildings, retail centers, industrial properties, multi-family complexes, and more—throughout Miami, Coral Gables, Doral, Hialeah, Kendall, Aventura, and beyond.
We bring over 18 years of experience in Miami’s commercial property market. Our appraisals are detailed, reliable, and USPAP-compliant, ensuring they stand up to scrutiny from lenders, investors, attorneys, and tax authorities. If you need a commercial appraisal that’s thorough, accurate, and backed by real local expertise, contact us today.
What Is a Commercial Real Estate Appraisal?
A commercial real estate appraisal is a professional evaluation that determines the fair market value of an income-producing or business-related property. Unlike residential real estate appraisals, which typically focus on a single-family home’s value based on comparable sales, commercial appraisals involve multiple valuation methods to assess a property’s financial performance, market positioning, and physical attributes.
| Factor | Commercial Appraisal | Residential Appraisal |
|---|---|---|
| Purpose | Evaluates income potential, business use, or investment value | Determines market value for homeowners and buyers |
| Valuation Methods | Uses Income Approach, Cost Approach, and Sales Comparison Approach | Primarily uses Sales Comparison Approach |
| Property Types | Office buildings, retail centers, industrial properties, multi-family buildings, hotels, etc. | Single-family homes, condos, and small multi-unit residences |
| Complexity | Requires extensive financial analysis, rental income evaluation, and zoning considerations | Based mostly on recent sales of similar homes |
| Report Length | Detailed, data-heavy reports (50+ pages) | Shorter, standardized reports (10-20 pages) |
| Regulatory Oversight | Often used for legal proceedings, tax appeals, financing, or investment decisions | Primarily used for mortgage lending or sales transactions |
Because commercial properties generate income, they require a deeper level of financial analysis compared to residential appraisals. This includes reviewing rental income, lease agreements, operating expenses, and capitalization rates to determine a property’s value based on its earning potential.
Types of Commercial Properties We Appraise
We appraise all types of commercial properties, including:
Office Buildings – From high-rise corporate offices in Downtown Miami to suburban office parks in Doral and Kendall.
Retail Centers & Shopping Plazas – Small strip malls in Hialeah, boutique storefronts in Coconut Grove, and large shopping centers in Aventura.
Industrial & Warehouse Facilities – Properties in key logistics hubs like Medley, Miami Gardens, and Airport West (Doral).
Multi-Family Residential – Apartment complexes in Brickell, duplexes in Little Havana, and mixed-use developments in Wynwood.
Hospitality & Special-Use Properties – Hotels in Miami Beach, medical offices in Coral Gables, and entertainment venues in Homestead.
Our Appraisal Process
Every commercial appraisal we conduct follows a rigorous process to ensure accuracy and compliance with industry standards, including USPAP (Uniform Standards of Professional Appraisal Practice).
1. Property Inspection & Data Collection
We conduct a thorough on-site inspection, assessing the property’s physical condition, improvements, and key features.
2. Market & Neighborhood Analysis
Miami-Dade County is a diverse market with unique trends in each area. We analyze factors such as:
Market demand – Growth trends in the neighborhood.
Zoning & Land Use – Regulations affecting properties in the area.
Economic Drivers – Major developments, infrastructure projects, and employment trends.
3. Income, Cost, and Sales Comparison Approaches
We apply one or more valuation methods based on the property type:
Income Approach – Calculates value based on rental income, critical for investment properties.
Cost Approach – Determines value based on land value and replacement costs, useful for new or unique properties.
Sales Comparison Approach – Compares similar property sales to establish fair market value.
4. Comprehensive Appraisal Report
We deliver a detailed, USPAP-compliant report that includes:
Executive summary with key findings
Property description and condition analysis
Market trends and comparable sales data
Valuation methodology and final estimated value