Opinion of value is the estimated value of a property based on expert judgment and the characteristics of the property being considered.

Report Format

1.  Location Information - general information about the location of the property including address, site map, building type, size, and age, and ownership

2. Market Area - information about the market conditions of the trade area such as demographic summary, local economic conditions, competition, development activity, access, traffic counts, and real estate trends

3. Property Conditions - detailed description of the subject property as well as commentary on its condition

4. Pro Forma Analysis - develop a stabilized pro forma for the subject property showing gross income, expenses, and net operating income

5. Range of Market Values - summarizes pro forma data by providing an estimated range of values based on the income approach to value

Income approach to value is based on the idea that a property’s value is derived from the income it produces.  Our method to value is a combination of the direct capitalization method and discounted cash flow valuation method.

Direct capitalization converts stabilized net operating income into a market value using a cap rate.  The rate is determined based on recently sold comparable properties or it is constructed using the band of investment method.

To order your report, please contact us at 727-723-9474