Commercial Real Estate Appraisals in New York
Commercial real estate decisions require a clear, well-supported opinion of value. REIS Group, LLC provides commercial appraisal and valuation consulting services for owners, investors, lenders, attorneys, CPAs, fiduciaries, and other professionals throughout New York and nationwide.
Our assignments are tailored to the property, the property rights being valued, and the intended use of the appraisal. Whether the matter involves financing, estate administration, tax reporting, a tax appeal, litigation, development rights, or strategic planning, REIS Group provides objective analysis and clear documentation.
Commercial Properties We Appraise
- Office buildings and professional office properties
- Retail properties and storefront buildings
- Mixed-use residential and commercial buildings
- Multifamily apartment buildings
- Industrial, warehouse, and flex properties
- Development sites and land
- Hotels and hospitality properties
- Medical, dental, and special-purpose facilities
- Parking facilities and other income-producing assets
- Properties involving air rights, development rights, or partial interests
Commercial Appraisal Services
Market Value Appraisals
REIS Group provides independent opinions of market value for acquisition, disposition, refinancing, partnership matters, internal planning, and other business purposes. Assignments consider relevant market conditions, property characteristics, income potential, zoning, and highest and best use where applicable.
Financing and Lender Appraisals
Commercial appraisals can support acquisition loans, refinancing, construction financing, bridge financing, and portfolio review. Our analyses address income-producing capacity, leases, occupancy, expenses, capital requirements, and market-supported value indicators. Appraisal scope and lender requirements are established for each assignment; an appraisal does not guarantee financing approval.
Income and Market-Rent Analyses
For income-producing properties, REIS Group analyzes rent rolls, leases, vacancy, operating expenses, capital expenditures, market rents, capitalization rates, and discounted cash-flow assumptions where appropriate.
Air Rights and Development Rights
REIS Group provides valuation and consulting services involving air rights, unused development rights, transferable development rights, and development potential. Depending on the assignment, the analysis may consider zoning floor area, permitted floor area ratio (FAR), zoning-lot mergers, landmark transfers, receiving-site feasibility, entitlement risk, and the incremental value created by additional buildable area.
For valuation of an ownership share rather than the entire property, see Partial Interest Appraisals.
Estate, Trust, and Gift Tax Appraisals
Commercial property may require a carefully documented appraisal for estate administration, trust reporting, gift tax reporting, or Form 706 purposes. REIS Group prepares valuations that identify the effective date of value, the property rights appraised, and the basis for the value conclusion. No particular tax outcome or IRS acceptance is guaranteed.
Learn more about Estate & Trust Appraisals, including estate and gift-tax valuation needs.
Tax Appeals and Assessment Review
REIS Group provides appraisal support for commercial property tax appeals and assessment review. The analysis may include market-value evidence, income and expense data, comparable sales, physical characteristics, zoning limitations, occupancy issues, and property-specific factors affecting value. A valuation does not guarantee an assessment reduction.
See Tax Appeals.
Litigation, Divorce, and Dispute Support
Commercial valuation assignments may be needed in divorce, partnership disputes, bankruptcy, condemnation, insurance, contract disputes, and other legal matters. REIS Group can provide appraisal review, valuation consulting, and litigation support where appropriate. The scope of the engagement and any expert-support requirements are agreed before work begins.
For assignments involving a business interest, see Business Valuations.
How REIS Group Approaches Commercial Assignments
Every commercial assignment begins with a clear definition of the appraisal problem:
- Client and intended user
- Intended use of the appraisal
- Property rights being valued
- Effective date of value
- Scope of work
- Extraordinary assumptions or hypothetical conditions, if applicable
Depending on the assignment, REIS Group may apply the sales comparison, income capitalization, and/or cost approaches. For income-producing properties, the income approach is often central to the analysis; for development sites and air-rights matters, a residual or development analysis may be appropriate.
Why Clients Choose REIS Group
- Independent, objective valuation analysis
- Experience with New York commercial real estate markets
- Clear, well-documented appraisal reporting
- Attention to zoning, property rights, income, and highest and best use
- Services tailored to attorneys, CPAs, fiduciaries, lenders, owners, and investors
- Support for estate, tax, financing, litigation, and consulting needs
Request a Commercial Appraisal Consultation
If you need a commercial real estate appraisal, development-rights analysis, tax-appeal support, or valuation consulting in New York or nationwide, contact REIS Group, LLC to discuss your assignment.
Request a Commercial Property Appraisal in New York
Tell REIS Group about the property and the decision your appraisal needs to support. Include the address, property type, your role, intended use, valuation date and required completion date.
For income-producing property, let us know whether a current rent roll, leases and operating statements are available. We will discuss the relevant records and an appropriate way to share them before you send confidential material.
Fees, timing and scope are confirmed for the individual assignment. If the appraisal is for a lender, discuss the lender’s ordering and acceptance requirements before commissioning a report.
Frequently Asked Questions
What is a commercial real estate appraisal?
A commercial real estate appraisal is an independent opinion of value for a commercial, mixed-use, industrial, multifamily, or special-purpose property. It considers the property's physical characteristics, location, income potential, market conditions, zoning, and the property rights being appraised.
When is a commercial appraisal needed?
Commercial appraisals may be needed for purchases, sales, refinancing, estate administration, gift tax reporting, tax appeals, divorce, partnership disputes, financing, insurance, condemnation, and internal business planning. The intended use determines the appropriate scope of work.
Does REIS Group appraise air rights and development rights?
Yes. REIS Group provides appraisal and consulting services involving air rights, unused development rights, transferable development rights, and development potential, subject to the scope and feasibility of each assignment.
Do you appraise mixed-use and multifamily properties?
Yes. REIS Group provides valuation services for mixed-use buildings, multifamily apartment buildings, and other income-producing residential and commercial properties.
Do you provide appraisals for estate and gift tax reporting?
Yes. REIS Group provides commercial appraisals for estate administration, trust reporting, gift tax reporting, and related tax and fiduciary purposes. The appraisal identifies the effective date of value, property rights appraised, and intended use. No particular tax outcome or IRS acceptance is guaranteed.
