At HarrisonBowker, we’ve been active in urban and rural-based Industrial Commercial Investment (ICI) markets since our inception. We have six commercial real estate appraisers on our team, and we expect our ICI sector to be an ever-expanding part of our business.
Our team of ICI appraisers can help with these types of appraisals:
- Industrial
- Office, retail and service
- Multi-family
- Development land
Industrial
Working across the province, we’ve gained significant experience in all sectors of the industrial market, including:
- Owner-occupied industrial warehouse properties
- Multi-tenant holdings
Office, Retail and Service
Our commercial real estate appraisers are actively involved in valuing commercial properties throughout Alberta for property owners, lenders, municipal staff and private sector corporations.
Multi-Family
Our commercial real estate appraisers routinely appraise existing and new multi-family projects around Alberta and in smaller communities across the province. To appraise a multi-family project, we use:
- Comparable sales data to assess a multi-family property
- The income approach to determine the fair market rent of each unit based on comparable rents for other properties
- The cost approach to compare the cost of buying the property with the cost of building new, especially on buildings built in the last 10 years
Development Land
For multi-parcel projects—in urban and rural settings—our commercial real estate appraisers typically use a Discounted Cash Flow (DCF) analysis to determine value. To find the current market value, the DCF analysis considers:
- Potential income
- Absorption (sellout) period
- Carrying costs
- Resulting net cash flow
Note: A DCF is also a useful technique for studying the financial feasibility of a project.
Our six commercial real estate appraisers are well-versed in development land appraisals.