The term Public covers a large and diversified range of properties which may require evaluation for any number of reasons. Typically the appraisal of Public Buildings presents a different set of challenges than that of private property. One of those challenges is the lack of comparable data. Public buildings are usually sold less frequently than other types of property; therefore, there exist less sales data available to the appraiser of these properties. This however, will not deter the seasoned appraiser who has experience with public buildings. The appraisal profession has developed various and sundry different methods of valuing properties where the market may be different and less fluid. In these cases, the Cost Approach to Value is sometimes favored over the Income Approach or the Sales Comparison Approach. Regardless of the circumstances, there will be an appropriate best appraisal method for a given Public Property and the professional Appraiser will be able to handle the task.
Our company offers service nationwide and has a network of appraisers capable of appraising all types of Public buildings. We offer complimentary pre appraisal consultation upon request.
Airport appraisal and airport valuation has grown considerably tougher over the years as the size and complexity of these facilities has grown with the traveling public. Major airports are now like cities which requires a professional with a specialized skill set to appraise airports.Read More
Church appraisal or valuing a house of worship takes a wide range of flexibility from the church appraiser, as they may encounter a broad range of sizes and features from the small local church to the large cathedral.Read More
Court house appraisal or valuation of court house properties involves considering the public property and its highest and best use. Court house appraisers will look at common factors like age, location, and if any redevelopment is possible for the area.Read More
Firehouse appraisal involves valuing a broad age range of buildings for functional utility and use. Because of the age of some buildings, firehouse valuation can often lead to a different highest and best use.Read More
Library appraisal and valuing libraries is a rare need that takes specialty valuation skills. Library buildings and facilities, much like municipal buildings rarely change hands.Read More
Lighthouse appraisal and valuation of lighthouses takes into consideration what aspects of these historical monuments and structures generates value. A lighthouse appraiser will look at it's HBU within the specified market.Read More
Municipal building appraisal and the valuation of government buildings often involves structures that are much more substantial and designed for government traffic patterns such as public works buildings, and stone and masonry structures.Read More
Museum appraisal and valuation can be challenging due to the size and structure of these often historical properties. Museum valuation deals with buildings that are far superior to most commercial properties, are seldom ever sold or leased, and these differences require specific expertise when appraising museums.Read More
Public school appraisal and the valuation of many charter and public school properties is a specialized field, and has become more in demand over the last eight years due to investments in communities.Read More
Seaport appraisal is an extensive process and a seaport appraiser often works hand in hand with the local economic development and port authority to secure data and information relevant to seaport value.Read More
Stadium appraisal and valuing sports facilities in general has gotten more complex as stadium value has skyrocketed over the last 20 years ranging from local stadiums to professional football stadiums.Read More
Public transportation asset appraisal and valuing the transportation assets of a municipality requires a very specific Scope of Work and can include subway appraisal, train appraisal, or bus appraisal.Read More