What is a commercial real estate appraisal?

An appraisal is an independent, impartial opinion of a property’s market value as of a specific date. It considers how the property performs in the marketplace—its income potential, comparable sales, replacement cost, and market conditions—to provide credible support for financial or legal decisions.

Why might you need a commercial real estate appraisal?

You may need one for buying or selling property, securing financing or refinancing, appealing tax assessments, supporting investment decisions, or settling legal matters such as estates or divorces.

What types of properties do you cover?

Craft Valuation provides commercial real estate appraisal services for a wide range of property types, including multifamily, retail, office, and industrial properties. We specialize in multifamily assets and appraisal reviews.

What are the MAI and AI-GRS designations?

Designations through the Appraisal Institute are earned by completing rigorous education, experience, and examination requirements. The MAI designation is awarded to professionals qualified to provide valuation and consulting services for all types of real property. The AI-GRS designation recognizes specialists in commercial real estate appraisal review.

How are fees determined?

Fees depend on property type, complexity, scope, and timing. A single-tenant retail appraisal may differ significantly from a mixed-use portfolio or an appraisal review.

What is a typical turnaround time?

Turnaround time depends on property type, complexity and scope. Each assignment is bid out individually.

What is a typical turnaround time?

Turnaround time depends on property type, complexity and scope. Each assignment is bid out individually.