Commercial Real Estate Apppraisals

Welcome to Daly Appraisal Services – your top-tier choice for precise and comprehensive commercial property valuations across Massachusetts. Our team, built on years of field experience and a profound knowledge of the Massachusetts real estate markets, is dedicated to equipping you with dependable appraisal insights. As your commercial real estate allies, we understand the intricacies of the industry, ensuring that your commercial property transactions and decisions are rooted in solid, credible valuations, echoing our unwavering commitment to excellence and professionalism.

Our Process

Appraising a commercial property takes between 2-4 weeks, depending on several factors. During that time, we conduct research on the property by reviewing deeds, flood plain information, the town assessor’s records, surveys, and other legal documents. One of our licensed appraisers visits the property to take exterior and interior photographs and sometimes measures the property. We also conduct research into comparable sales and prepare a report about the local property market.

Pre-Appraisal

We will ask you to submit information about the property being appraised, such as:

• Purchase & Sale Agreement

• Rent Roll

• Information about recent repairs

Appraisal

• We set up a mutually-convenient time to visit the property.

• At that time, our state licensed staff appraiser takes interior and exterior photos and asks a lot of questions.

• The current property owner or agent of that owner should be present at the site visit.

Research & Comparables

• Based on the information we gain during the site visit:

• We also look up all the legal documents related to the property.

• We create a map of the subject site to determine land area and a sketch of the building toi determine GBA.

• We identify comparable properties that have sold in the recent past in the general vicinity of the property being appraised.

• We analyze the rent roll and any other information about income generated by the property.

• We conduct a rental survey which shows prevailing rents and terms in the area.

• We analyze national and regional data to arrive at an appraised value

Report

Depending upon your needs or the needs of the lender (for a purchase or refinance appraisal), we complete and submit the appraisal report.

• Full Narrative Report: the most comprehensive report with detailed Sales Comparison and Income Approaches. About 75-100 pages.

• Restricted Use: used for internal business decisions, not for use by a conventional lender. About 45 pages.

• Retrospective Restricted Use: used for tax purposes when an owner has died and the value at the date of death is required. About 45 pages.

71B: Form report for small apartment complexes. About 25 pages.

Our Comprehensive Suite of Commercial Appraisal Services

Daly Appraisal Services isn't just another name in the field; our broad portfolio of services speaks of our versatility and in-depth expertise tailored for commercial real estate dynamics. From commercial property developers, investors, banks, legal experts, to businesses eyeing expansion or asset evaluation, our vast array of services is designed to cater to the most diverse and complex scenarios:

• Appraisal Review: Vetting and ensuring the accuracy of appraisals, delivering a comprehensive evaluation.

• Collateral Valuation: Crafting robust collateral valuation reports, crucial for lenders gauging loan risks and making prudent decisions.

• Construction Appraisals: Specializing in evaluating properties in-progress, deciphering both the present worth and post-completion value.

• Litigation Support & Expert Witness Services: Bolstering legal cases with our expert testimony and in-depth appraisal reports.

• Commercial Buying and Selling Guidance: Providing actionable insights for both buyers and sellers, promoting fair negotiations and well-founded decisions.

• Foreclosure and REO: Assisting lenders with insightful appraisals for foreclosed commercial properties to ensure profitable resolutions.

• Tax Appeals & Tax Valuations: Guiding businesses in tax assessment appeals, and delivering precise valuations for taxation purposes.

• Rental Surveys for Commercial Spaces: Enabling property owners to identify just rental rates, tuned with prevailing market conditions.

• Commercial Renovation Impact: Delving into property valuations pre and post-renovations, driving informed renovation financing strategies.

• Financial Portfolio Valuation: Empowering businesses with precise property valuations pivotal for financial planning and portfolio management.

• Bankruptcy and Liquidation: Providing decisive appraisals for commercial properties involved in bankruptcy or liquidation scenarios.

• Estate Planning for Commercial Assets: Assisting firms and high-net-worth individuals in estate planning, ensuring their commercial assets are aptly valued.

• Insurance Valuations: Aiding businesses to secure their commercial properties with appraisals for adequate insurance coverage.

• Reverse Mortgages for Commercial Properties: Evaluating properties for reverse mortgage feasibility and potential calculations.

• Trust and Inheritance Assessments: Equipping trusts with property valuations, essential for inheritance planning and transfers.

• Consulting for Expansion & Relocation: Assisting enterprises in property evaluations, guiding their expansion, or relocation endeavors.

... and so much more.

What We Appraise

• Apartment complexes

• Mixed-use buildings

• Office buildings

• Industrial warehouses, factories, and distribution centers

• Retail plazas

• Hotels

• Recreational buildings

• Residential and commercial land

• Easements

• Condominium complexes

• Residential subdivisions

• Special purpose buildings

• And more!

Why Daly Appraisal Services is Massachusetts' Go-To Commercial Appraiser

At the heart of our operations is an unyielding dedication to detail, accuracy, and impartiality. Our strength lies in our meticulous approach, aided by the latest market data and a deep-rooted understanding of the Massachusetts commercial real estate arena. We are not just appraisers; we see ourselves as your commercial real estate partners, standing by you in every phase of the appraisal journey.

Our vast portfolio of commercial appraisal services ensures that whatever your requirement might be – be it a valuation for a sprawling commercial complex in Boston, a boutique hotel in Cambridge, or a warehouse near Worcester – we've got you covered with precision.

The Daly Appraisal Services difference is clear. Not only do we provide a detailed and comprehensive valuation, but we also ensure our clients understand the "why" behind every number, making complex commercial appraisal terminologies accessible and comprehensible.

In an ever-evolving commercial property market like Massachusetts', our commitment to staying updated, continually refining our techniques, and leveraging state-of-the-art tools places us a cut above the rest. We acknowledge that in the world of commercial real estate, every valuation has substantial financial implications. Thus, we're not just providing numbers; we're providing assurance, clarity, and the foundation upon which your commercial real estate decisions stand firm.

For those seeking an appraisal service that seamlessly blends expertise, integrity, and unparalleled local market insights, Daly Appraisal Services is your definitive choice.

Step into the world of clear, comprehensive, and credible commercial property valuations with Daly Appraisal Services. Dive deep into our services or get in touch with our experts today for a tailored consultation.