Our commercial division focuses primarily on the appraisal of commercial real estate for both national and locally based institutional lenders as well as private individuals, estate planning professionals, attorneys, and real estate development companies. Commercial real estate is a very broad field and generally includes not just retail, office, and industrial property types but also multi-family apartment complexes, subdivision developments, large acreage tracts of land, parking lots, hotels, etc.
Our commercial division strives to provide a quicker turnaround time at lower fees than our competitors. This allows us to perform higher work volumes and grow our pool of data necessary for appraising. In turn, we can then provide even quicker turnaround times for even lower fees, all of which is passed on to our clients in cost savings.
Our commercial division includes five state certified general appraisers, six licensed trainees, and four administrative and support personnel.
The following summarizes some notable areas of expertise of our commercial appraisal division:
- Appraised 80+ gas station/convenience stores throughout Louisiana and Mississippi. Properties ranged from smaller mom-and-pop businesses to truck-stop casinos, including multi-tenant strip centers and grocery stores with fuel operations.
- Appraised 25+ hotel properties comprising more than 1,800 rooms in numerous markets, including Baton Rouge, New Orleans, Coastal Mississippi and Alabama. Hotel types have ranged from boutique hotels to independently operated motels to upper-end luxury and business travel facilities.
- Appraised 15+ car wash properties located throughout Southeast Louisiana, including self-service, drive-through, hybrid drive-through and self-service, full-service and automatic-tunnel facilities.
- Appraised 20+ medium to large-scale (ranging in size from 12 units to over 100) multi-family apartment complexes comprising more than 1,300 units in numerous markets, including Lafayette, New Orleans and the Mississippi Gulf Coast.
- Appraised 20+ multi-tenant retail strip centers varying in size from under 10,000 square feet to 125,000 square feet. In total, these centers comprise more than 600,000 square feet of rentable area from Baton Rouge to southern Alabama.
- Appraised 100,000+ acres of recreational tracts of land, including privately held tracts and publicly owned parks. Noteworthy assignments include the Bayou Sauvage National Wildlife Refuge in New Orleans, the Delta National Wildlife Refuge in southern Plaquemines Parish, the Mandalay National Wildlife Refuge in Houma, and Lake Ophelia and Grand Cote National Wildlife Refuges in Avoyelles Parish.