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Commercial Real Estate Appraiser Resume Samples
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6-10 years of experience
Evaluate and assess various types of multi-family properties in Southern California and the San Joaquin Valley area, including self-storage, golf course, industrial, office, and retail properties. Provide detailed examination and produce written appraisals for real estate companies, individuals, and government agencies.
- Successfully accomplished appraisal of more than $3.5B worth of multi-family property over the last six years by establishing and maintaining a positive relationship with immediate supervisor.
- Managed the implementation of highest and best use, cost approach, insurable value, sales comparison, and income approaches by conducting direct capitalization and discounted cash flow analysis.
- Led strategic efforts in conducting regional and local research for applicable tax data, zoning requirements, flood zone status, demographics, income and expense data, and comparable listings.
- Cultivated business relationships with top commercial brokers, owners, REITS, and institutional grade clients for market activity.
0-5 years of experience
Completed over 100 appraisals individually or as part of a team
- Coordinated with bank officials, clients, and market participants to ensure deadlines, specifications, and accuracy of appraisals
- Performed approximately 50 property inspections throughout Michigan and Indiana
- Analyzed hundreds of financial statements to assist in income and expense estimates for a variety of businesses
- Researched hundreds of neighborhoods and properties for use in market analysis
0-5 years of experience
Performed appraisal and consultation services for investment, mortgage lending, foreclosure, trust, asset watch-list,
rent arbitration, tax appeal, easement analysis, and for litigation support purposes.
- Projected future investment property cash flows based on analysis of historical operating statements and market data.
- Gathered and evaluated economic and demographic data and resulting influence on specific real estate markets.
- Developed a comprehensive database of comparable market data by forming relationships with market participants
0-5 years of experience
Created marketing materials and sales packages geared towards generating new clients.
- Responsible for typing commercial reports and inspecting properties.
- Consulted with clients and helped process orders quickly and efficiently through the website.
- Trained and managed new appraisers and marketers.
- Doubled existing business at Fort Lauderdale Division within six months.
0-5 years of experience
Responsible for appraising commercial property working under the direction of the President
- Managed client and provided feasibility, arbitration, litigation support, financial analysis and other consultation services
- Reviewed/analyzed lease agreements, developed feasibility assessments + market research projects
- Managed IT department and spearheaded telephone system conversion
- Managed and approved Research Assistant deliverables
0-5 years of experience
Evaluated and analyzed commercial properties (industrial, office and retail) to create detailed appraisal reports.
- Analyzed purchase contracts and lease agreements on a regular basis
- Managed communication with and coordinated contact of external customers including banks and planning agencies.
- Created streamline process for documenting customer needs and ensure all those needs are met.
0-5 years of experience
Responsible for appraising commercial property working under the direction of the President
- Managed client and provided feasibility, arbitration, litigation support, financial analysis and other consultation services
- Reviewed/analyzed lease agreements, developed feasibility assessments + market research projects
- Managed IT department and spearheaded telephone system conversion
- Managed and approved Research Assistant deliverables
0-5 years of experience
Asset Valuation – utilized Argus software to perform discounted cash flow analysis (DCF) of commercial real estate, including raw land, retail, office, flex, industrial, multi-family, hotel and golf course properties
- Proactively identified markets and trends, identified adjustments and solutions within the review process based on information discovered
- Provided detailed desk review and analysis of commercial properties according to FNMA, FHLMC and client directives ensuring that quality and quantity guidelines are met and that the conclusions reached in the report are accurate and/or appropriate.
- Conducted field investigations of all properties to ensure accuracy of construction, tenant improvements and build-out data and expense budgets, in order to calculate fair market values
- Ability and knowledge to respond to inquiries from lenders and contracted clients to address concerns, value appeals and requests for information relating to property appraisals
6-10 years of experience
Initiated and implemented a template in MS Word and Excel to value Chevron and Shell gas station properties throughout Northern California
- Provided appraisal value for a variety of commercial/residential properties utilizing MS Word
- Reviewed lease and sale contracts to determine rental and sales terms
- Researched zoning and restrictions for all property types
- Interact with real estate brokers to obtain market data and trends
0-5 years of experience
- Completed appraisal reports of commercial assets using sales, cost, & income approach to determine value.
- Provided opinions of value for offices, retail, shopping centers, industrial buildings, & special use properties.
- Completed USPAP conforming reviews of commercial appraisal reports completed by fee appraisers.
- Performed discounted cash flow projections for commercial properties ranging from to $15 million.
0-5 years of experience
Conducted commercial appraisal assignments for litigation and lending purposes.
- Assisted in the training of newly hired commercial appraisers.
- Reviewed 3rd party commercial appraisal reports for financial institutions.
- Consulted on a CALPERS/MacFarlane acquisition of an apartment portfolio with properties located throughout the Western United States.
0-5 years of experience
- Consistently exceeded annual quota of $75,000 in gross appraisal fees
- Verified and logged over 200 land and building sales into internal database
- Inspected and conducted market analysis in 30+ counties throughout the S.E.
0-5 years of experience
Performed valuations of new-construction subdivisions and vacant land for mortgage collateral and construction financing.
- Appraised new single family, condominium, townhouse, and site-condominium developments throughout the Metro Detroit area.
- Researched various areas within the Southeastern Michigan real estate market in order to perform
- Produced Complete and Limited reports in Self-Contained, Summary, and Restricted formats in compliance with USPAP and FIRREA regulations.
- Obtained information from assessors, planning departments, zoning departments and building
0-5 years of experience
Research and report economic/demographic data in Self-Contained Appraisal reports
- Examine Engineering drawings and Survey Mappings, along with Legal Description and Title documents
- Acquire sale/lease/expense comparables through broker interviews, online research and proprietary software
- Abstract leases, analyze annual financial statements and generate Argus discounted cash flow
- Comprehensive exposure to cost, sales and income valuation/reconciliation and corresponding narratives
- Significant projects include market rent determination of a Fortune 500 company’s energy pipeline easements, covering 2,000 miles of railroad corridor in six states.
0-5 years of experience
Research and report economic/demographic data in Self-Contained Appraisal reports
- Examine Engineering drawings and Survey Mappings, along with Legal Description and Title documents
- Acquire sale/lease/expense comparables through broker interviews, online research and proprietary software
- Abstract leases, analyze annual financial statements and generate Argus discounted cash flow
- Comprehensive exposure to cost, sales and income valuation/reconciliation and corresponding narratives
- Significant projects include market rent determination of a Fortune 500 company’s energy pipeline easements, covering 2,000 miles of railroad corridor in six states.
0-5 years of experience
Determine market value for commercial properties in Dallas County through various activities including site visits, analyzing income/expense statements, examining lease abstracts, reviewing sales comparables, and market research.
- Negotiate values on all property types with taxpayers and tax representatives during the Appraisal Review Board process.
- Represent the appraisal district in formal board hearings for all property types during the Appraisal Review period.
- Responsible for checking on permits as of January 1 to determine progress of any remodels or new construction that affects the property value.
- Process income/expense statements and rent rolls to help create models on high value complex office buildings as part of special project group.
- Assist tax payers and various other customers with inquiries pertaining to property values.
10+ years of experience
Appraised over one-half billion dollars worth of Commercial Real Estate for estate, government, financing and litigation purposes
- Manage every aspect of business for a 9-person firm, including AP/AR, marketing, IT infrastructure, HR, budgeting and planning
- Implementation and training of several software solutions including: QuickBooks, Argus, Task Manager and Narrative1
- Serve as an expert witness explaining and defending appraisals of real property
- Serve as subject matter expert for certified continuing education credit for attorneys, assessors and appraisers
- Successful implementation of a comprehensive fee-split compensation plan, management segmentation
- Use of proforma, finance and market data in the valuation of complex properties; assignments including financial forecasting and modeling with significant research and clear concise reporting of conclusions
6-10 years of experience
Performed market research for various real estate markets in the Coachella Valley.
- Prepared extensive appraisal reports.
- Appraised a wide variety of property types ranging from vacant land and residential to restaurants and hotels.
- Utilized discounted cash flow analysis to value income producing properties and ongoing businesses.
0-5 years of experience
- Assisted in commercial real estate appraisals throughout the Richmond Metropolitan area
- Conducted Market Analysis Reports to assist lending agencies gain an understanding of the market area of various properties
- Helped maintain and manage sales databases using Microsoft Access
0-5 years of experience
Determine value of commercial properties, considering depreciation, replacement costs, value comparisons of similar properties and income potential.
- Evaluate land and neighborhoods where properties are situated.
- Inspect properties to evaluate construction, conditions, special features, and functional design.
- Obtain county land values and sales information in order to establish property value.
- Photograph interiors and exterior properties.
- Prepares written reports to estimate property value and outline methods by which the estimations were made.
- Check zoning by-laws in order to determine any effects on the appraised properties.
0-5 years of experience
Determine taxability and value of industrial commercial properties using various methods such as field inspections, sales analysis, market trend studies and income and expenses analysis.
- Responsible for all valuation activities for 1,400 industrial parcels valued at $1.6B
- Develop and test valuation models for income approach to value using survey data, rent rolls, income and expense statements, leases, fee appraisals, and commercial real estate publications
- Prepare for and conduct informal and small claims valuation hearings with property owners or their representatives.
0-5 years of experience
- Responsible for submitting timely appraisal reports to company’s principals to meet client’s financing deadlines.
- Reports involved project-specific research, data gathering and analysis, e.g., surveying, comparables, industry trends, etc.
- Properties appraised included offices, warehouses, car dealerships, multi-family housing, medical clinics and production facilities.
6-10 years of experience
- Successful prepared over 500 written reports for the estimation of property values; outline methods by which the estimations were resolved, and meet appraisal standards
- Computed final estimation of property values, taking into account such factors as depreciation, replacement costs, value comparisons of similar properties, and income potential utilizing building valuation manuals and professional cost estimators
- Searched public records for transactions such as sales, leases, and assessments
- Inspected properties to evaluate construction, condition, special features, and functional design, and to take property measurements; photograph interiors and exteriors of properties to assist in estimating property value, substantiate findings, and complete appraisal reports
0-5 years of experience
Valued income-producing properties, including multi-family, office, retail and land.
- Provided valuation services for litigation support in matters involving eminent domain, condemnations and easements.
- Provided clients with feasibility studies and economic analysis.
- Consistently met and exceeded deadlines and quality expectations.
6-10 years of experience
Effectively supervise and manage 1 Commercial Real Estate Appraiser, 4 Field Inspectors and 2 Internal Staff Members
- Proactively work with the Residential Project Managers and Field Inspectors to ensure meeting Municipality Revaluation/ Reassessment deadlines and the Tax Assessor’s expectations.
- Responsible for the valuation of over 20,000 commercial properties in mass appraisal programs within multiple New Jersey municipalities. Utilize the Sales Approach, Cost Approach and Income Approach to value.
- Conduct evaluations of inspectors and set in place quality control procedures to ensure accurate production and to ensure deadlines are met
- Personally responsible for executing the Certified Mailing of Chapter 91 Requests for over 20,000 property owners in accordance with the New Jersey State Tax Law
- Perform extensive market analysis of rental and sales data of each municipality collected from the returned Chapter 91 forms, researching Costar, MLS, New Jersey Association of County Tax Boards website and the Assessor’s individual databases.
- Qualified as an Expert Witness before the Bergen County Board of Taxation, Essex County Board of Taxation, Passaic County Board of Taxation, Hudson County Board of Taxation, and Morris County Board of Taxation
- Responsible for the defense preparation of County Board of Taxation commercial appeals
- Inspected more than 15,000 residential, commercial, and industrial properties
0-5 years of experience
- Prepared full narrative appraisal reports for office, retail, and industrial properties.
- Developed effective cash flow models for residential subdivision appraisals.
- Managed apartment portfolio appraisals.
0-5 years of experience
- Responsible for appraising commercial and residential real estate.
- Created reports and property maps for the senior county appraiser.
- Provided assistance to customers to develop appraisals.
- Maintained customer files and business accounts for the county.
0-5 years of experience
- Construct appraisal reports in accordance with appraisal best practices and client requirements.
- Examine physical characteristics of commercial properties.
- Evaluate property details including current leases, entitlements, zoning regulations and overall market
- Research and analyze market data, trends, property tax records and other relevant data through communication with local agents, brokers, and owners while utilizing online databases, Multiple Listing Service, and public records.
- Analyze, adjust, and quantify comparable data to develop accurate property valuations for a variety of asset types including retail, industrial, office, multi-family, and mixed use properties.
0-5 years of experience
Appraised and evaluated multi-million dollar commercial properties, including vacant land.
- Held a senior level position; reported directly to the company president.
- Built relationships with CEOs and company presidents.
- Required commercial real estate appraisal license.
0-5 years of experience
- Conduct research and report on entire commercial real estate appraisal process from property identification to providing finalized valuation reports for banks, property owners and lawyers
- Financial forecasting of income producing properties.
- Market research and analysis of commercial real estate, market stability, rates and occupancy.
- Data collection, verification, analysis, and report writing.
- Proficiently applied Word, Excel, Power Point, Access and Outlook in reports and presentations meeting every deadline and exceeding work place expectations
Commercial Real Estate Appraiser Duties and Responsibilities
No two commercial real estate appraisers are exactly alike, as specific duties vary from employer to employer. However, after analyzing online job postings, we identified several core duties and responsibilities common to the job:
Perform Detailed Property Inspections Inspecting commercial properties is the primary responsibility of commercial real estate appraisers. They collect and examine construction details, building conditions, special features, and overall design. Appraisers also take specific property measurements. Their inspections help determine the value, age, and quality of the property. Appraisers identify any differences between a property’s description and current condition.
Photograph Property Interiors Taking photographs of a property’s interior is a requirement for commercial real estate appraisers. Their pictures assist with property value estimations, verify findings, and fully complete appraisal reports. Some appraisers also sketch the outside of a property in addition to taking a photo.
Conduct Research for Property Data Commercial real estate appraisers search websites to acquire market data to perform comparative analysis of rents, financial data, and market values. They use online websites and government databases to locate comparable properties to create accurate property value estimates. Appraisers also research national trends and compare them with local trends.
Consult with Other Real Estate Professionals Real estate appraisers collaborate with other real estate professionals, such as contractors, engineers, electricians, interior designers, and plumbers, to get expert input on different parts of real estate. By working with experts, appraisers develop more exact estimates of a property’s taxability.
Prepare Property Estimation Reports Once they produce their final value estimation of a property, commercial real estate appraisers create summary reports of their findings. The reports they produce incorporate items such as market value comparisons of equivalent properties and income potential. Real estate appraisers are also required to explain how their estimations were made. All appraisal reports must meet state-established standards and guidelines.
Commercial Real Estate Appraiser Skills and Qualifications
Successful commercial real estate appraisers need strong analytical and problem-solving skills. Employers look for candidates who have a bachelor’s degree, a state-certified appraisal license, and some real estate experience. The following skills are essential to getting the job done:
- Property evaluation – real estate appraisers use their discerning eye and structural measurement techniques to accurately assess properties
- Sales analysis – accurately forecasting sales activity and the investment income potential of commercial properties is essential
- Financial analysis – appraisers analyze financial data and market conditions to create their estimates
- Math skills – performing basic calculations is a continuous requirement for appraisers
- Data analysis – commercial real estate appraisers comb through income and operating expense statements and other data to create their assessments
- Computer skills – data modeling software and online research are computer-based methods commercial real estate appraisers rely on
- Interpersonal skills – appraisers often work with various real estate professionals and need to clearly communicate with the clients they perform appraisals for
- Writing skills – commercial real estate appraisers create detailed reports for each property they inspect
Commercial Real Estate Appraiser Education and Training
It is common for commercial real estate appraisers to have a bachelor’s degree. The most attractive applicants have a strong background in business, math, computer science, or economics. Employers prefer candidates with a state-certified commercial appraisal license and some real estate experience.
Commercial Real Estate Appraiser Salary and Outlook
According to the Bureau of Labor Statistics (BLS), the median annual salary for commercial real estate appraisers is $54,010. The lowest 10 percent of workers earn less than $28,440. The highest 10 percent of earners make more than $101,710. Industry employment of commercial appraisers is expected to grow 14 percent through 2026, which is faster than average for all occupations.
Helpful Resources
There are many helpful resources out there for those interested in becoming real estate appraisers. Check out these links full of learning opportunities and the latest industry news:
American Society of Appraisers – this world-renowned and respected international organization focuses on appraisal professionals
The Appraisal Institute – check out this leading industry source of appraisal exam study materials, the latest industry news, and guides specific to commercial real estate
National Association of Real Estate Appraisers – a leading national organization for professional appraisers, NAREA offers career resources, events, educational seminars, and the professional designation of Certified Commercial Real Estate Appraiser (CCRA)
The Appraisal of Real Estate – this classic read gives readers a solid foundation for a successful commercial real estate appraising career
The Due Diligence Handbook for Commercial Real Estate: A Proven System to Save Time, Money, Headaches and Create Value When Buying Commercial Real Estate – this best-selling book on commercial real estate discusses how to evaluate commercial properties
The Site Book: A Field Guide to Commercial Real Estate Evaluation – learn a logical and systematic approach to site evaluation with the dozens of real-life examples explored in this book
The Appraisal Foundation – this leading national authority on real estate appraising offers online training and professional resources with the highest standards