Unit Mix and Size
Unit types, bedroom counts, unit sizes, and layouts may affect rent comparison and overall property utility.
Multifamily Property Appraisal Services
Commercial valuation analysis tailored to the property and assignment requirements.
Assignment-Specific Analysis
Multifamily property analysis may consider unit characteristics, physical improvements, occupancy, income, expenses, and comparable market activity. The weight given to each factor depends on the property and assignment.
Multifamily Property Considerations
Physical Features
Condition, amenities, common areas, parking, and other improvements are considered when relevant.
Occupancy and Rent
Occupancy, contract rents, market rents, concessions, and other income items may be analyzed for the assignment.
Expenses and Sales
Operating expenses and comparable sales are evaluated with appropriate adjustments for property and transaction differences.
Shared Appraisal Framework
Scope of Work
The research, inspection, analysis, and reporting needed to produce credible assignment results are identified for the assignment.
Market Evidence
Relevant sales, income, expense, cost, and other evidence are considered to the extent applicable and available.
Reporting
The reporting format and level of detail depend on the intended use, intended users, assignment conditions, and client requirements.
Discuss a Multifamily Property Assignment
Provide the property and assignment details that are available. Inquiries are generally answered within 48 hours.