How WestRock Performs Retail Property Appraisals
Several variables factor into the appraisal of retail properties: analysis of comparable properties, square footage, geographic location for profitability, and sale prices of adjacent real estate to name a few. Should you need a commercial appraisal, an appraisal service will be able to analyze all these factors and generate an appraisal that reflects a commercial property’s value.
WestRock specializes in producing accurate and detailed appraisals, better equipping you to make the investment decision that is right for you. Commercial real estate valuation is key for educated decisions - ensuring that you as a lender, developer, or investor do not underpay or overspend based on what this retail property is truly worth.
Understanding a property’s previous, current, or potential use are all integral to the valuation of retail properties specifically. Such understanding will inform a valuation method that differs from residential real estate because it values consistent income generated, sale prices of similar properties, and the net operating income of the retail property itself. Subsequently, a shopping center’s appraisal report will differ vastly from that of office buildings or residential properties. A sales comparison approach addresses that by ensuring an appraisal report is only generated using relevant properties.
What distinguishes an excellent appraisal from a subpar appraisal is the understanding of this nuance and how it affects your retail property valuation. WestRock’s team has extensive market knowledge and experience generating a wide range of appraisal reports. With efficiency, detail, and your satisfaction in mind, WestRock is your best asset when it comes to commercial appraisals and your retail property.
