Integra – San Diego Appraises El Cajon Retail Center

Integra – San Diego has completed an appraisal of a 68,000 SF neighborhood retail center in El Cajon. The property is located on 5.76 acres, and includes 3 buildings, one of which is a Big Box retailer.  This property was 96% leased as of the effective appraisal date. The client wanted to estimate the property’s value assuming a hypothetical subdividing/remapping of the existing site, creating two newly created land pads.  The appraisal was completed for a financial services firm on behalf of a national financial institution.

Integra – San Diego Appraises Downtown Office High-Rise

Integra – San Diego has just completed the appraisal of a 22 story multi-tenant, high-rise office tower property in downtown San Diego. The entire building,  including the ground-floor retail, and basement consists of 447,164 SF. The appraisal report was completed for a financial institution.

Class B Multi-Tenant Office High-Rise

Class B Multi-Tenant Office High-Rise Containing 448,000 SF Rentable Area

 

Restaurant and Parking Lot Appraisal, San Diego Beach Community

Integra San Diego recently completed an appraisal consisting of an existing restaurant property of approximately 2,600 square feet of gross leasable area, on 0.06 acres, or 2,700 Square feet, and a parking lot that is non-contiguous, located approximately 2 blocks away from the restaurant. The parking lot site area is approximately 0.06 acres or 2,748 square feet. The client requested that the two properties be valued separately. The subject properties were in escrow at the time of the appraisal. Both the Sales Comparison Approach and the Income Capitalization Approach were used in this valuation. The purpose of this appraisal was for lending purposes with a financial services institution.

In Search of a Consulting Expert

real-estate-litigation-appraiserReal estate appraisers can provide a competitive edge in assisting attorneys for trial in both civil and criminal cases. The following article from IRWA Magazine was written by Donnie Sherwood, SR/WA, R/W-AC, MAI, FRICS, of IRR’s Dallas/Fort Worth office.

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Ground Lease Appraisal in San Diego County

Ground-Lease-Property-AppraiserIntegra Realty Resources – San Diego has completed a commercial appraisal of a property subject to a ground lease located in the Otay Mesa region in San Diego County. The subject consists of two parcels totaling 67.53 acres; however only a portion of the property (16 acres) was valued. These 16 acres were improved as a yard storage property that was about 41% leased to multiple tenants. This valuation, done for loan underwriting purposes for a lender, involved the valuation of several premises, including the as is value of the fee simple interest, and the prospective market value of the leased fee interest.

If you have any ground lease valuation questions or needs, please contact us today at 858-259-4900 or sandiego@irr.com.

Hotel Property Appraisal in San Diego

Hotel-Property-AppraiserIRR San Diego’s hotel practice group has completed a commercial appraisal of a hotel property located in district of San Ysidro in the city of San Diego. The property consists of an existing interior and exterior corridor hotel property that contains 68 rooms. Constructed in 1985 with ongoing renovations since 2011, the three-story property includes special features like a porte-cochère, a sundries store, a business center, a guest laundry facility, a fitness center, a meeting room (divisible from a breakfast area) and an outdoor pool. The property is located on 0.92-acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any hotel valuation questions or needs, please contact us today at 858-259-4900 or at sandiego@irr.com.

Industrial Property Appraisal in Vista

Vista-Real-Estate-AppraiserIntegra San Diego has completed a commercial appraisal of an industrial property located in Vista in San Diego County. The building is approximately 129,000 square feet and is located on a 9.48 acre site. Constructed in 1999 and renovated in 2013, the property has approximately 27% office space, 24 feet of clear height, and 15 loading doors (nine dock-high doors and six grade level doors). The property will be utilized as a distribution warehouse. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If have any questions or needs regarding an industrial property appraisal, contact us today at 858-259-4900 or eschneider@irr.com.

Apartment Property Appraisal in Imperial Beach

Imperial-Beach-Real-Estate-AppraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in Imperial Beach in San Diego County. The property consists of two duplexes and a single family residence totaling about 3,700 square feet of rentable area. The improvements were constructed in 1965 and are 100% leased as of the effective appraisal date. The buildings are situated on a 0.34 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a local credit union.

If you have any questions about or needs for an apartment property appraisal in Imperial Beach, please contact us today at 858-259-4900 or sandiego@irr.com.

 

Medical Office Property Appraisal in Eastlake, San Diego County

eastlake-commercial-property-appraisalIntegra Realty Resources – San Diego has completed a commercial appraisal of a medical office property located in the community of Eastlake in Chula Vista, San Diego County. The property consists of a 28,500 square foot medical office building built in 1979. The building is located on a 2.97 acre site. Prior to 2007, the property was developed as a mixed-use property with retail and professional office uses. However, after 2007 the property was renovated for 100% medical office use. As of the effective appraisal date, the property is 39% leased to two tenants, one of which occupies three suites in the property. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any needs for a medical office property appraisal or a commercial property appraisal in Eastlake, Chula Vista, please contact us today at 858-259-4900 or sandiego@irr.com.

Can a Real Estate Appraiser give Broker Price Opinions?

irrsandiego-commercial-appraisalsIn the lending world, banks and other financial institutions generally order an appraisal to determine value of a property. However, what is becoming more popular is a valuation known as a Broker Price Opinion, or BPO. A BPO is an opinion determined by a real estate agent or broker to establish the selling price of real estate. While this type of evaluation is typically performed by real estate agents and brokers, it is often asked whether an appraiser can perform a broker price opinion, desktop reconciliation of value, or other similar type of valuation. In this article, we share what is included in a BPO and whether or not real estate appraisers can provide one.

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Retail Property Appraisal in El Cajon

El-Cajon-Commercial-Real-Estate-AppraisalIRR San Diego has completed a commercial appraisal of a strip retail center property located in El Cajon in San Diego County. The building is approximately 8,300 square feet and is located on a 0.62 acre site. As of the effective appraisal date, the property is 100% leased to seven tenants with suite sizes ranging from 425 to 3,442 square feet. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you are in need of a retail property appraisal, please contact us today at 858-259-4900 or via email at sandiego@irr.com.

Hotel Property Appraisal in Orange County

hotel-property-appraisal-orange-countyIRR San Diego’s Hotel Specialty Practice Group has completed a commercial appraisal of a hotel property located in Newport Beach, Orange County. The property consists of an interior corridor, limited-service hotel containing 47 rooms. Special features include a snack bar, breakfast area, fitness center, and outdoor pool. Partial ocean views are visible from rooms facing south on the second, third, and fourth floors. The hotel was built in 1970, most recently renovated in 2009, and is located on a 0.44 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

IRR San Diego is the leading hotel property valuation firm in the country, valuing over $2 billion in hotel and motel properties. If you have any questions or needs regarding hospitality property appraisals, please contact us today at 858-259-4900 or sandiego@irr.com. Also, be sure to visit our Hospitality page for more information on our specialty group.

Office/Retail Property Appraisal in Cardiff

Cardiff-commercial-real-estate-appraisalIntegra San Diego has completed a commercial appraisal of an office/retail property located in Cardiff by the Sea (Encinitas) in San Diego County. This mixed-use, two-story building contains approximately 7,000 square feet of rentable area, was built in 1917, and has been renovated in the last 10 years. As of the effective appraisal date, the building is 100% leased to 14 tenants with suite sizes ranging from 125 square feet to 4,100 square feet. The building is located on a 0.19 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any questions or needs for a commercial real estate appraisal in Cardiff, please contact us today at 858-259-4900 or at sandiego@irr.com.

Medical Office Property Appraisal in Carlsbad

Carlsbad-real-estate-appraisalIRR San Diego has completed a commercial appraisal of a medical office building located in Carlsbad in San Diego County. The building is approximately 15,600 square feet in size and is located on a 0.63 acre site. As of the effective appraisal date, the subject is 100% leased to 24 tenants. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you are in need of commercial valuation of a medical office property or a property in Carlsbad, please contact us today at 858-259-4900 or sandiego@irr.com.

Hotel Appraisal in Los Angeles

Hotel-Appraisal-858-259-4900Integra San Diego’s hospitality practice group has completed a commercial appraisal of a hotel property located in Los Angeles. The property consists of a non-franchised hotel containing 137 rooms. The building, constructed in 1913, is 12 stories and is located in the Downtown core area of Los Angeles. The site area is 0.17 acres. The purpose of this commercial valuation was for internal purposes.

If you have any hotel valuation questions or needs, please contact us at 858-259-4900 or sandiego@irr.com. Also, for more information on our specialty practice group, please click here.

Ground Lease Appraisal in San Diego

Commercial-Real-Estate-AppraiserIRR San Diego has completed a commercial appraisal of a property subject to a ground lease located in the Mission Bay area of San Diego. The subject consists of two parcels totaling 2.99 acres. Though the property is improved for automotive use, our valuation was of the site only. This appraisal included an analysis of the income, both from a direct capitalization and discounted cash flow analysis standpoint. The purpose of this commercial valuation was for loan underwriting purposes for a lender

If you have any ground lease valuation questions or needs, please contact us today at 858-259-4900 or sandiego@irr.com.

Hotel Appraisal in Morro Bay, San Luis Obispo County

Morro-Bay-Hotel-Appraisal-San-Luis-ObispoIRR San Diego’s hospitality practice group has completed a commercial appraisal of a hotel property located in Morro Bay in San Luis Obispo County. The property consists of a non-franchised, limited service hotel property containing 23 rooms. The three-story building was constructed in 1980 and is approximately 12,000 square feet in size. The building is located on a 0.48 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

IRR San Diego is the leading hotel appraisal group in the region, valuing over $2 billion of hotel and motel properties across the United States. If you are in need of hotel valuation or consulting services, please contact us today at 858-259-4900 or sandiego@irr.com.

Industrial Property Valuation in Southeast San Diego

Industrial-Appraisal-Southeast-San-DiegoIntegra San Diego has completed a commercial appraisal of an industrial property located in Southeast San Diego. The building is approximately 102,000 square feet in size and is located on a 6.15 acre site. Approximately 37% of the building is built out as office space, and the building includes 23 grade-level doors, three truck wells, and about 24 feet of clear height. As of the effective appraisal date, the property is 100% leased to 11 tenants with suite sizes ranging from approximately 1,700 square feet to 22,000 square feet. The purpose of this commercial valuation was for loan underwriting purposes for a life insurance company.

If you are in need of a commercial real estate valuation in Southeast San Diego, please contact us today at 858-259-4900 or via email at sandiego@irr.com. Also, please be sure to download the latest publication of Viewpoint, which highlights industrial market trends in San Diego.

Apartment Appraisal in Pacific Beach, San Diego

Pacific-Beach-Apartment-Appraisal-Crown-Point-San-DiegoIRR San Diego has completed a commercial appraisal of an apartment property located in the community of Pacific Beach in San Diego. This multifamily property consists of five dwelling units built in 1970. The building, which is three stories and has approximately 4,020 square feet of rentable area, is located on a 0.08 acre site. The property also has five covered parking spaces, five storage units, and a laundry facility. As of the effective appraisal date, the property is 100% leased. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you are in need of a multifamily appraisal, please contact us today at 858.259.4900 or via email at sandiego@irr.com. Also, for market trends on San Diego apartment properties, we invite you to download the latest publication of Viewpoint, the most comprehensive analysis for 2015.

Retail/Restaurant Appraisal in Escondido, San Diego County

retail-restaurant-appraisal-escondido-san-diegoIntegra Realty Resources – San Diego has completed a commercial appraisal of a retail property located in Escondido in San Diego County. The building is approximately 1,200 square feet in size, was constructed in 1972, and is improved for restaurant use. It is located on a 0.34 acre site. As of the effective appraisal date, the property is 100% leased to a single-tenant. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any questions or needs for a retail or restaurant appraisal in Escondido, please contact us today at 858-259-4900 or via email at sandiego@irr.com.

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