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.

How to Challenge a Commercial Appraisal

san-diego-commercial-appraiserWhether a property is being appraised for estate tax purposes, a refinance, or a purchase, there are times when an appraiser’s opinion of value may differ from your own. If this happens (and you know that your opinion is more accurate), there are a few steps one can take to ensure that an opinion of value is reconsidered.

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Proposed Townhome Project Appraisal in Carlsbad, San Diego County

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IRR San Diego has completed a commercial appraisal of a proposed project located in Carlsbad, San Diego County. The appraisal involved a parcel of land containing an area of 0.79 acres. The property is zoned R-3, Beach Overlay Zone, RH, Residential High Density, which permits multifamily use. Specifically, it allows for 15 to 23 dwelling units per acre. The appraisal was prepared for loan underwriting purposes for a lender.

Multi-Tenant Retail Appraisal in Linda Vista, San Diego

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IRR San Diego has completed a commercial appraisal of a multi-tenant retail property located in the Linda Vista community of San Diego. The building is approximately 6,300 square feet and is located on a 0.54 acre site. It is 100% occupied by two tenants, one of which is an owner-user. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

Industrial Appraisal in Tijuana, Mexico

Tijuana-Mexico-Industrial-Real-Estate-AppraisalIntegra San Diego has completed a commercial appraisal of an industrial property located in Tijuana, Baja California, Mexico. The building, built in 2007, is approximately 220,000 square feet in size and is located on a 9.64 acre site.  The building is 100% owner-occupied as is used for heavy manufacturing. In addition to the site area, there is a road easement that provides non-exclusive access to the subject (IRR San Diego appraised both the industrial property and the easement). The purpose of this commercial valuation was for loan underwriting purposes for a lender.

Tijuana is well-known for its large, industrial properties. Manufacturing operations, also called “maquiladoras”, are foreign-owned assembly plants in Mexico that import raw materials to the United States on a duty-free basis and export finished products around the world. They are also often referred to as “twin plants” because the companies establish facilities on both sides of the United States/Mexican border. Tijuana provides a favorable location to manufacturing plants because of its close proximity to the border. This area has attracted the attention of many worldwide investors because of its favorable economic environment and incentives.

Integra Realty Resources – San Diego is one of the leading commercial appraisal firms that provides appraisal services for clients in Tijuana. If you have any questions regarding appraisal assignments in Tijuana, please contact us today at (858) 259-4900 or sandiego@irr.com.

Multifamily Appraisal in North Park, San Diego

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IRR San Diego has completed a commercial appraisal of an apartment property located in the North Park community of San Diego. The multifamily property contains 8 dwelling units that total approximately 6,100 square feet. Each unit has two bedrooms and one bathroom. The improvements were constructed in 1950 and were 100% leased as of the effective appraisal date. The building is located on a 0.16 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

Integra is one of the leading apartment appraisal firms in the San Diego. We provide our multifamily valuation expertise for a variety of purposes, including estate planning. If you have any questions regarding apartment appraisals, cap rates, or market conditions, please contact us today.

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