{"id":1184,"date":"2016-02-12T18:46:57","date_gmt":"2016-02-12T18:46:57","guid":{"rendered":"https:\/\/kent-macpherson.tambellini.ca\/?page_id=1184"},"modified":"2022-08-17T23:23:53","modified_gmt":"2022-08-17T23:23:53","slug":"commercial-real-estate-valuation","status":"publish","type":"page","link":"https:\/\/kent-macpherson.com\/services\/appraisal\/commercial-real-estate-valuation\/","title":{"rendered":"Commercial Real Estate Valuation"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #ffffff;background-position: left top;background-repeat: no-repeat;padding-top:75px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last green-border rounded-border\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:rgba(255,255,255,0);padding: 0px 60px 50px 60px;\"><div class=\"fusion-text fusion-text-1\" style=\"margin-top:0px;\"><h2>Commercial real estate covers a wide range of property types. Commercial buildings include hotels, banks, restaurants, offices, retail, industrial, resorts &amp; recreation, institutional, shopping centres and multi-family developments.<\/h2>\n<p>Often the function of the property includes a combination of two or more commercial uses; such as a high-rise office building with ground level retail space or hotel with a restaurant.<\/p>\n<p>The purpose of a commercial appraisal or valuation is to provide an opinion of the current market value of the subject property&#8217;s unrestricted free hold interest; taking into consideration the highest and best use of the land.<\/p>\n<\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:15px;margin-bottom:0px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #ffffff;background-position: left top;background-repeat: no-repeat;padding-top:40px;padding-right:0px;padding-bottom:70px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-right:0px;margin-bottom:31px;margin-left:0px;\"><h2 class=\"title-heading-center\" style=\"margin:0;\">WHAT IS MARKET VALUE?<\/h2><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:10px;margin-bottom:60px;width:100%;max-width:170px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#dfdddd;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_3_5 3_5 fusion-three-fifth fusion-column-first rounded-border\" style=\"width:58.4%; margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 60px;\"><div class=\"fusion-text fusion-text-2\"><p>The scope of the market value appraisal includes a physical inspection of the subject property and discussions with regulatory offices regarding data and factors pertinent to the assignment. This is usually followed by application of the income and a comparative sales analysis in the direct comparison approach. The results of these independent approaches are reconciled to a final estimate of market value.<\/p>\n<p>A commercial appraisal may be required by lenders (banks), lawyers, accountants, corporations, courts, tax officials, realtor&#8217;s, property managers, insurance brokers and underwriters as well as any other professional, corporation or individual who requires an impartial and independent estimate of value.<\/p>\n<p>All of our appraisal and consulting reports are completed in compliance with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) which ensures the highest quality or competent, ethical and objective advice.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_2_5 2_5 fusion-two-fifth fusion-column-last rounded-border\" style=\"width:37.6%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type='text\/css'>.reading-box-container-1 .element-bottomshadow:before,.reading-box-container-1 .element-bottomshadow:after{opacity:0.7;}<\/style><div class=\"fusion-reading-box-container reading-box-container-1\" style=\"margin-top:0px;margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#f6f6f6;border-width:2px;border-color:rgba(255,255,255,0);border-left-width:3px;border-left-color:var(--primary_color);border-style:solid;\"><div class=\"reading-box-additional\">\n<h3>One commonly cited definition of market value, adopted by the Appraisal Institute of Canada is:<\/h3>\n<p>&#8220;The most probable price which a property should bring in a competitive and open market as of the specified date under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.&#8221;<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-parallax-fixed nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:110px;padding-right:0px;padding-bottom:110px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-attachment:fixed;\" data-bg=\"https:\/\/kent-macpherson.com\/wp-content\/uploads\/2016\/02\/parallax-bg-testimonial.jpg\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-testimonials clean fusion-testimonials-1\" data-random=\"0\" data-speed=\"4000\"><style type=\"text\/css\">#fusion-testimonials-1 a{border-color:#ffffff;}#fusion-testimonials-1 a:hover, #fusion-testimonials-1 .activeSlide{background-color: #ffffff;}.fusion-testimonials.clean.fusion-testimonials-1 .author:after{border-top-color:transparent !important;}<\/style><div class=\"reviews\"><div class=\"review active-testimonial no-avatar\"><blockquote class=\"testimonials-shortcode-blockquote\"><q style=\"background-color:transparent;color:#ffffff;\" class=\"fusion-clearfix\">&#8220;Kent-Macpherson has been our family and businesses real estate valuation professionals for over 20 years. Whether at Tallus Ridge, or our many past and current real estate ventures, Kent-Macpherson consistently provides quality and reliable real estate advice we respect and trust.&#8221;<\/q><\/blockquote><div class=\"author\" style=\"color:#ffffff;\"><span class=\"company-name\"><strong>TRENT KITSCH \u2022 Project Manager Tallus Ridge at Shannon Lake<\/strong><\/span><\/div><\/div><\/div><div class=\"testimonial-pagination\" id=\"fusion-testimonials-1\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":1140,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commercial Real Estate Valuation - Kent Macpherson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kent-macpherson.tambellini.ca\/services\/appraisal\/commercial-real-estate-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Real Estate Valuation - 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