What a Commercial Appraiser Does
A commercial appraiser is a state-certified professional who produces an independent opinion of value for commercial property — used by lenders, investors, tax authorities, and courts. Commercial appraisals use three approaches: income approach (cap rate applied to NOI), sales comparison (recent comparable sales), and cost approach (replacement cost minus depreciation). For income-producing properties, the income approach is typically the primary basis.
Key Responsibilities
- Inspect the property and analyze physical condition
- Research comparable sales, leases, and market data
- Apply income, sales comparison, and cost approaches
- Reconcile approaches to a final opinion of value
- Produce a narrative report meeting USPAP standards
- Support valuations in litigation or tax appeals if needed
When You Need One
During lender underwriting (lender orders appraisal). Also for tax appeals, estate planning, buyout situations, and pre-listing valuation strategy.
Typical Cost
$2,500-$10,000+ depending on property type and complexity. Large or specialized assets can cost more.
How MaxLife Works With Them
MaxLife Development works with experienced Florida commercial appraisers for pre-listing valuations and due diligence support. We help clients understand the appraisal process and what drives value in different property types.