Sometimes simple to appraise, the trick with industrial property appraisal is to first recognize when its complex. Warehouses and distribution buildings can be simple, but R&D and flex space add appraisal complexities. Special purpose built factories and manufacturing buildings can become very complex with special real estate improvements and integrated personal property (machinery, equipment, and fixtures). Further adding to appraisal complexity is addressing whether the asset is owner occupied or leased or could be leased, and whether there is expansion potential. Lastly, many complex industrial buildings suffer from functional obsolescence as they age.
Industrial Buildings, Factories, Warehouses, Manufacturing Building Appraisal
Posted in Property Type