A real estate appraisal is an estimate of market value as of a given date, performed by a qualified and accredited real estate appraiser. A commercial real estate appraisal typically takes the form of narrative style written report from 40-100 pages in length. The report will comply with Canadian Appraisal Institute guidelines known as CUSPAP (Canadian Uniform Standards of Professional Appraisal Practice) and will normally include the following:

• an overview of the area, community and neighbourhood
• a detailed site and building description
• a zoning analysis
• a highest and best use analysis
• an in-depth discussion of 1-3 different approaches to value and a market value estimate conclusion

Commercial real estate appraisers usually employ three approaches to help derive their estimates of market value: the Cost Approach,  the Direct Comparison Approach and the Income Approach. Individually, each one of these techniques has its limitations, however, when paired with other methods these approaches help produce accurate appraisals.

Our appraisals are competitively priced, and fees may vary based on the complexity of the assignment, availability of suitable data and other factors. Please contact us for a quote.

Commercial appraisals are often complex and require many hours of analysis and report preparation. Completion times vary according to property type, requirements, client needs and appraiser workload. Typically, commercial appraisals can take 10 days to two weeks to complete however at Indicom Valuation Inc. our focus on commercial work often allows us to complete assignments in a more expedited manner.

An accredited real estate appraiser’s role is to provide objective, impartial and unbiased opinions about the value of real property. The opinion of the appraiser enables those who own, sell, manage, invest in or lend money on the security of real estate to make rational, informed real estate decisions.

Designated Members of the Appraisal Institute of Canada (AIC) hold either an AACI designation or CRA designation (Canadian Residential Appraiser). AACI designations (Accredited Appraiser, Canadian Institute) permit the member to perform both commercial and residential appraisals and is the highest qualification attainable by Canadian real estate appraisers. The AACI designation is awarded to professionals who have completed a rigorous education, peer review and passed testing requirements relating to the valuation of all classes of commercial real estate.