Integra Realty Resources – San Diego has completed a commercial appraisal of a medical office property located in Del Mar in San Diego County. The building is approximately 18,300 square feet in size and is located on a 0.84 acre site. As of the effective appraisal date, the property was 84% leased.
The purpose of this commercial valuation was for estate planning purposes, which is one of IRR’s specialty practices. This type of valuation differs from traditional lender assignments in that there are typically different dates of value and a different definition of market value, which if not used may cause the IRS to reject the appraisal. When choosing a commercial real estate appraiser in San Diego, be sure to choose one who is familiar with what is to be included in appraisal reports for estate planning purposes.