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.

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.

Religious Facility Appraisal in Poway, San Diego County

Religious-facility-church-appraisal-poway-san-diegoIRR San Diego has completed a commercial appraisal of a religious facility property located in Poway in San Diego County. The property consists of three buildings totaling about 13,000 square feet of gross building area. The buildings, built between 1925 and 2013, are 100% occupied by an owner-user. The site area is 2.79 acres. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

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

Hotel Appraisal in Pacific Beach, San Diego

Pacific-Beach-Hotel-Appraisal-San-DiegoIRR San Diego’s Hospitality Practice Group has completed a commercial appraisal of a hotel property located in the community of Pacific Beach in San Diego. The property consists of a non-franchised, limited service hotel that has 24 rooms. The improvements were constructed in 1952, and each room includes a fully equipped kitchens. The subject site area is 0.36 acres. 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 sandiego@irr.com. Also, please be sure to check out our Hospitality page for more information on our hotel appraisal practice.

2015 Changes to Estate Taxes (and How it Affects Real Estate Appraisals)

IRS-Estate-Tax-Appraisal-San-DiegoAs 2014 comes to an end, it is important to look at what is changing to estate tax requirements in 2015. Here is a summary of estate tax laws, what is to come next year, and how these changes affect the valuation of your real estate.

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Hotel Appraisal in Escondido, San Diego County

Hotel-appraisal-escondido-san-diego

Integra San Diego has completed a commercial appraisal of a hotel property located in Escondido in San Diego County. The property is an existing limited-service hotel that contains almost 70 rooms. The improvements were constructed in 1985 and are situated on 1.15 acres of land. 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. Also, please be sure to check out our hospitality appraisal page for more information on our specialty practice.

Shopping Center Appraisal in Linda Vista, San Diego

Linda-Vista-Shopping-Center-AppraiserIRR San Diego has completed a commercial appraisal of a shopping center property located in the Linda Vista community of San Diego. The property consists of three buildings totaling approximately 86,000 square feet. The subject site consists of seven parcels totaling 7.75 acres. As of the effective appraisal date, the shopping center is 100% leased to 22 tenants. The purpose of this commercial valuation was for loan underwriting purposes for a life insurance company.

If you have any shopping center valuation questions or needs, please contact us today at 858.259.4900 of sandiego@irr.com.

Carlsbad Flex Market Improves as of 3Q 2014

Carlsbad-Flex-Industrial-AppraiserAfter several years of soft market conditions, the Carlsbad industrial market is strengthening and slowly improving. Due to overbuilding, the Carlsbad market has been very soft for several years, however; vacancy has decreased for industrial and flex product over the past three years. Due to a lack of new construction and increasing demand, vacancy rates are anticipated to continue to decline in Carlsbad for both industrial and flex product.

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Medical Office Tenant Improvements Costs in San Diego

Medical-office-appraiser-san-diego-countyAs the leading commercial real estate appraisal firm in San Diego, IRR San Diego has provided valuation services for numerous medical office properties throughout San Diego County and surrounding areas. As valuation experts, we also have experience in appraising proposed medical offices, which involves analyzing the cost of medical office tenant improvements and determining how the tenant improvements (or TI’s) contribute to the overall property value.

Over time, we have amassed data regarding the cost per square foot of tenant improvements, which we offer today for our readers. Please see below for information on the cost to build out certain types of medical office space (sorted by date).

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