Appraisal Resource Group

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Appraisal Resource Group is recognized as the leading local real estate appraisal firm for top notch service and innovative apparaisal solutions.


 

OFFICE RETAIL MEDICAL
HOTELS MOTELS MIXED USE VACANT LAND

Our commercial appraisers have experience in all types of commercial property. The highest percent of our commercial appraisals are of office, medical and retail buildings. We appraise everything from small single tenant buildings to large multi tenant complexes and shopping centers. We appraise both existing buildings and buildings which are proposed to be built. Our large data base of office and retail sales, land sales and rent comparables enables us to perform detailed and accurate analysis and produce reliable
appraisal results.

One of the two main industries which drive the economy of Monterey County is tourism. There are a very large number of lodging facilities in Monterey County which range from transient motels to first class hotels and inns. There are a wide variety of destination lodging facilities on the Monterey Peninsula that include bed and breakfasts, spas and resorts and large multi story hotels. Each and every one of these facilities is unique in its own way, no two are the same. Proper analysis of the occupancy rate trends, average daily room rates and building expenses are vital and require local knowledge and experience. Accurately identifying the size, age and condition of the building as well as the furniture fixtures and equipment (FF&E) is also essential. Every year we appraise several lodging facilities that continually add to our expertise in this specialized property type.

We are commonly asked to appraise special use and mixed use properties. Special use properties include religious facilities, group homes, residential care facilities, self storage, mobile home parks, farm labor camps, etc. Mixed use properties include those with both commercial and residential uses on one parcel.  Special use properties are often difficult to value because comparable data is typically scarce. We take the time to properly analyze the subject property then apply the applicable approaches
to value.

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