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The Religious Facility Appraisal – Part IV

In our fourth and final segment of The Religious Facility Appraisal series we will look at the reliability of using the Income Approach in the valuation of Religious Facilities. Religious facilities are not frequently leased on the open market,…
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The Religious Facility Appraisal – Part III

In our third segment of The Religious Facility Appraisal series we will take a look at the most common value approach used for religious facilities, The Cost Approach. Due to the fact that religious fa­cilities are special-use properties,…
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The Religious Facility Appraisal – Part II

In our second segment of The Religious Facility Appraisal we will take a look at several things that need to be considered when using The Sales Comparison Approach in the valuation of a religious facility. The development of the Sales Comparison…
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The Religious Facility Appraisal – Part I

Individuals and congregations have many reasons why they may need an appraisal of a religious facility including new construction, financing, a potential sale or purchase, insurance purposes, or asset valuation tied to a number of financial…

Florida State Homes Article

Chris Rolly of Commercial Investment Appraisers was featured in an article with Florida State Homes.  Check out the link below for the full interview.  http://www.floridastatehomes.com/articles/interview-with-chris-rolly http://www.floridastatehomes.com">Florida…
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A common mistake – What to do with “extra” land

Improperly handling excess and surplus land is a common mistake among inexperienced appraisers. When a property has “extra” land that is not required to accommodate the subject improvements, it is important to identify whether then land…

Commercial Appraisal Report Format Changes For 2014

The Appraisal Standards Board, which develops, interprets, and amends the Uniform Standards of Professional Appraisal and Practice (USPAP), has adopted a revision for the 2014-2015 USPAP that will reduce the number of narrative report options…
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Understanding the Factors that Could Lead to Differing Appraisal Results

Studies show that educated, licensed appraisers are much less biased than untrained appraisers.  This could be attributed to the simple and somewhat obvious fact that if they are properly trained, they are better able to recognize the…
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The Risk of Biased Appraisals and How to Mitigate that Risk

Appraisers have the unique ability to direct the market, though they do not typically combine their powers to do so.  The fact is, in many ways the market really does rest in the hands of appraisers.  The appraiser can render a property depressed,…
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3 Types of Property Obsolescence

When referring to commercial real estate, obsolescence is defined as any reason for a decrease in property value. There are three primary types of obsolescence that may affect the value of a commercial property. They are: PHYSICAL DETERIORATION…
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The Shopping Center Chronicles – Spatial Autocorrelation in Shopping Centers

Real estate researchers often study the concept of spatial autocorrelation primarily for the statistical improvements in modeling. This same concept applies to shopping malls and improving their overall layouts. Spatial autocorrelation is…
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The Shopping Center Chronicles – Store Location

The way stores positioned themselves with respect to one another and their location within different areas of the mall are both key factors in one of the great sciences of shopping centers: spatial correlation. The idea is that individual…

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