Appraisal Services

Commercial, Industrial

Commercial and industrial property valuation requires special expertise, particularly in volatile real estate markets. Our experience in appraising property in markets across the country, ranging from small single tenant warehouses to downtown office towers, gives us comprehensive insight into the unique mechanics of nearly all classifications of commercial and industrial real estate. We have a strong background in appraising income producing properties, and possess a clear understanding of the importance of defining the income potential and market condition aspects that are vital to estimating value. The firm generally utilizes the Dynalease DFC Program, but also has the capability to complete assignments using other programs upon request.

Specialty Property

Parkes & Company has developed a specialty property division for the valuation of unique types of properties or unusual property rights. This field requires detailed market research and study, as often these properties form limited or low volume markets. The key to valuing these properties involves the accumulation of computerized databases, which provide overviews and target industry norms. We have completed appraisals, and studies on a wide range of unconventional properties such as: airport properties, marinas, golf courses, ski resorts, cemeteries, water lots, riparian rights, hotels, resorts, mobile home parks, motel properties, ground leases, air rights, restaurants, pubs, churches, schools, and congregate care facilities. 

The complexities associated with the multi-family market make it important to get sound advice from appraisers who have experience during "good" and "bad" markets. Since residential markets vary dramatically from area to area, it is also prudent to obtain advice from a consulting firm that is familiar with a variety of regions and markets. Parkes & Company  has experience in the multi-family sector, relative to both rental properties and those marketed as strata-titled condominiums. Over the years, we have valued numerous high-rise projects using computerized adjustments and databases to define adjustments related to size, floor, views and other variables.

Our experience in this sector ranges from major downtown land assemblies to suburban industrial and residential subdivisions. The valuation of vacant land represents a complex appraisal task that requires an in-depth knowledge of the potential uses for the particular site, the existing use, the highest and best use, and the market for development properties.

Replacement Cost Insurance Valuations

We provide replacement cost appraisals for insurance and property management purposes, using the Boeckh Valuation System and a review of actual building costs on projects appraised by Parkes & Company , as well as being based on interviews with builders, contractors and developers.

For more Information on a Valuation of Commercial Real Estate, 

call us at (604) 685-7478 / 1-888-685-7478 or E-mail us at info@parkesappraisal.com

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Send mail to jbramwell@parkesappraisal.com with questions or comments about this web site.
Copyright © 2001 Parkes & Company Ltd. , Last modified: March 05, 2001