Commercial Valuation
Office, retail, industrial, multifamily, and special purpose property — appraised and signed by an associated Certified General appraiser, the credential commercial work actually requires.
Who signs it, and why we say so up front
Commercial real estate requires a Certified General credential. Residential certification — which is what NextPhase itself holds — covers property of four units or fewer, at any value and any complexity, but it stops at the commercial line.
So commercial assignments are performed and signed by an associated Certified General appraiser. That is the correct credential on the report, which is the only thing that matters when it is relied on by a lender, a court, or the IRS.
Most firms would not put this on the page. We do, because an appraisal is worth exactly what its signature is worth, and you should know whose you are getting before you engage anyone.
Commercial property we appraise
- Office
- Retail & mixed use
- Industrial & warehouse
- Multifamily, 5+ units
- Special purpose
- Land & development sites
- Owner-occupied business real estate
Four units or fewer is residential — see Residential. Not sure which you have? Ask.
To quote your assignment
- Property address and a brief description
- Rent roll and current leases, if tenanted
- Two to three years of operating statements
- The intended use — lending, litigation, estate, partnership, tax appeal
- Who will rely on the report
One matter, the right credential on each report
An estate rarely contains one kind of asset. It contains a house, a commercial building, a business interest, and a workshop full of equipment. Handled separately that is four engagements and four appraisers who never speak to one another.
Handled here it is one point of contact, with each report signed by someone credentialed for that specific asset — residential and personal property by NextPhase, commercial real estate by the associated Certified General.
Common questions
Who actually signs a commercial report?
A Certified General appraiser. That is the credential the work requires, and it is the signature the report carries. NextPhase’s own certification is Certified Residential, which covers residential property of four units or fewer — complex and high-value residential included, but not commercial. We tell you that plainly rather than let you discover it in the certification page.
Why not just refer me elsewhere?
You can be referred if you would rather. What the association gives you is one point of contact across an entire matter — an estate holding a house, a business, a fleet of equipment, and a commercial building is otherwise four firms and four reports that may not agree with each other.
What kinds of commercial property?
Office, retail, industrial and warehouse, multifamily of five units and above, special purpose property, and land. If you are unsure whether what you have counts as commercial, describe it and we will tell you — a duplex does not, a six-unit building does.
What does a commercial appraisal cost?
It is quoted per assignment rather than from a published range. Commercial scope varies far more than residential — a single-tenant retail building and a partially leased industrial park are not the same job. The fee is fixed in writing before work begins and is never contingent on the value concluded.
How long does it take?
Longer than residential, and the honest answer depends on the property and on how quickly leases, rent rolls, and operating statements arrive. You get a date in writing when the assignment is accepted, and if it moves you hear it from us first.
Have a commercial property to value?
Quoted per assignment, fixed in writing before work begins, and never contingent on the value concluded.