A commercial real estate investment is a long-term, capital-intensive, illiquid asset.  It cannot be bought, sold or converted quickly or inexpensively.  It is subject to market economic and financial risks and forces for property values, marketing time, occupancy and rent levels, sales prices and financing terms such as loan amount, loan term and interest rate.  Therefore, it is paramount to understand not only the physical aspects and condition of each property on a case-by-case basis, but to have the benefit of an accurate valuation of the asset involved by means of a good real estate appraisal when seeking to evaluate, invest in or finance a commercial property.

There are several different types of appraisals which may be performed, depending on the date of the effective valuation (past, present, future), the degree of detail desired and the purpose for which the appraisal is made, e.g., on an existing property, a to-be-built property, for financing purposes, estate or asset valuation purposes, etc.

Bennett Franklin Real Estate Services works closely with owners, developers, real estate brokers, mortgage bankers, corporate real estate managers, lending institutions and investors to determine the valuation of each project.