Commercial Appraisal

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

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.

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.

#203, 225 Carleton Drive
St. Albert, AB T8N 4J9

Operating as Jackson Appraisals
Suite 2020, Tower 1 Scotia Place
10060 Jasper Avenue
Edmonton, AB T5J 3R8

Suite #555, 1201 5th Street SW
Calgary, AB T2R 0Y6

Operating as Altario Appraisals
4909 48 Street
Camrose, AB T4V 1L7