Ferstl Valuation Services has been offering real estate appraisals in Little Rock since 1967, and we take great pride in offering reliable and trustworthy certified commercial and residential real estate appraisals. Whether you’re buying or selling commercial real estate, starting with a proper valuation is crucial. Buyers who make hasty decisions can find themselves upside down pretty quickly, and no seller wants to leave money on the table if they own a turnkey property in an up-and-coming area. Contact us before you make or accept an offer, and we’ll help you obtain a credible certified property appraisal in no time!
As required by federal law, our appraisers follow a strict code of ethics and have provided all formats of credible, trusted, expert commercial appraisal reports for lenders, investors, and many others since the day we first opened our doors. We’re Arkansas’ largest full-service firm and have the requisite expertise in a variety of property types to provide reliable and accurate property appraisals for any commercial need. These are some of the key factors that can impact a property’s fair market value:
Building Size And Condition- A building’s total square footage is one of the most quantifiable factors in determining market value, as is the overall condition of the property. The condition of the roof and structure is evaluated and factored into a property’s fair market value, as well as the condition of its plumbing, heating, and cooling systems.
Market Area-If a commercial property is located close to a large number of potential customers or clients, it will generally have a higher market value than similar properties in remote or less accessible areas.
Potential For Rental Income-The more tenants a property can hold at once, the more you’ll likely be able to generate in monthly rental income.
Availability Of Similar Properties-Property values are heavily influenced by supply and demand; if many commercial properties with comparable square footage and potential for rental income are also available nearby, it will likely have an adverse impact on the fair market value of all properties in the area.
For more information about real estate appraisal services in Little Rock, contact us online or at 501-313-0641.
