This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
An appraisal is an objective, impartial, and unbiased opinion about the value of realproperty prepared by a State Licensed or Certified professional appraiser. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios.
Why might you be engaged to appraise a single or multi-tenant industrial or flex style office building? To estimate the realproperty value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership. For real estate tax assessment purposes.
As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their realproperty. At its most basic level, a ground lease is not a sale of land, but rather a rental of land to a tenant that plans to build on the property. Risk of eviction.
In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.
As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. . The real estate term for this type of risk is “obsolescence” and there are three types that CRE investors should be aware of.
Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Surges in Residential and Commercial Real Estate, and Land Sales. NNN; both rates have broken records in the Central Ohio industrial real estate market. million square feet.
The residential appraiser already has the knowledge and practical application of the fundamental appraisal process and practical experience valuing realproperty. I don’t invest in communities with HOAs anymore because their rules are so over the top that it upsets the tenants.” It is very interesting.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content