Commercial Real Estate Appraisal & Valuation

MAI CERTIFIED

TRUSTED

RELIABLE

ACCURATE

Quality Is Our Tradition



Since 1994, Renken Consulting Group has provided exceptional real estate appraisal services for Southern California's commercial real estate industry. For more than a quarter-century, we've conducted appraisals for all types of income-producing real estate, including but not limited to industrial properties, commercial properties, retail properties, vacant land, and residential income properties. We've built our expert and professional reputation upon our integrity, reliable market research, meticulous analysis, and accurate reporting.

Our team's dedication, professional efforts, and respected opinion has afforded us the opportunity to work with institutional clients, individual property owners, local municipalities, attorneys, commercial lenders, and private estates. If you're an attorney, accountant, financial planner, banker, or property owner in need of a commercial appraisal you've come to the right place. Our appraisal and property valuation are primarily located in the Eastern Los Angeles/Western Inland Empire area, but our geographic coverage expands into Riverside and the High Desert, as well.

Well-established, licensed, and dependable, Renken Consulting Group is relied upon by numerous real estate professionals including financial institutions, government entities, mortgage bankers, brokers, private investors, property owners, and commercial developers to provide objective, timely, and most important, accurate appraisal reports. Our regional coverage, skill in multidisciplinary fields, and more than 25 years of superior service set us apart from the competition.


We conduct our business in accordance with the Code of Professional Ethics of the Appraisal Institute and the Uniform Standards of Professional Appraisal Practice.


Our offered services include self contained, summary, and restricted reports depending on our clients' needs and are prepared for such functions as sale, construction loan, permanent financing, asset monitoring, estate planning, and division of interests.



Why We Stand Out!

Do you need a reliable, meticulously constructed, and accurate appraisal of your property? Working with the commercial appraisers of Renken Consulting Group, you'll have a highly skilled, experienced appraiser who works on your appraisal all the way from start to finish.

  • We conduct thorough research and analysis based on real-world situations, thus are able to provide our clients with honest, reasonable, and objective results that we stand behind.

  • As a full-service commercial real estate firm, being Property Managers and Owners ourselves helps us to be better appraisers. Through the transition from Owner and Manager, to Appraiser, we are able to place ourselves in real-life situations, allowing us to uniquely understand the beneficiaries position and intended use of each report.

  • In constructing each appraisal report, the goal is to help our clients understand their investments/assets through our extensive market knowledge and commercial real estate expertise. Our belief is that successful investing and management of assets is a result of thorough research and understanding of current market conditions.



Our Geographic Coverage

Our appraisal and property valuations are primarily located in the Eastern Los Angeles/Western Inland Empire area, but our geographic coverage expands into Riverside and the High Desert, as well.

  • San Gabriel Valley

  • Inland Empire

  • High Desert

  • Riverside/San Bernardino Counties



Types of Commercial Real Estate We Appraise

We've delivered timely, reliable, and accurate appraisal reports for all types of income producing real estate including the following property types:

  • Retail Properties: Storefront buildings, community shopping centers, free-standing buildings, convenience stores, department stores, grocery stores/supermarkets, auto repair, fast-food restaurant, family-style restaurants, mixed-use retail/residential, retail/office, retail/warehouse

  • Industrial Properties: Warehouse, storage, distribution, R&D (research & development), heavy industrial, light industrial, manufacturing, food processing, showroom, refrigeration/cold storage

  • Multi-Family/ Residential Properties: Apartment complexes, mid-rise apartments

  • Office Properties: Conventional office buildings, medical office buildings, boutique medical office buildings, professional office buildings, creative-space buildings, business parks, mixed-use residential and office buildings

  • Land: Track of raw/ undeveloped



Our Commercial Appraisal, Valuation, and Consulting Services Include

Whether you call it a commercial appraisal, commercial valuations, commercial property appraisal, commercial real estate appraisal, commercial building value or just simply appraisal, you've come to the right place. We've performed the following services including but not limited to:

  • Market Studies

  • Commercial Appraisals

    - Estate Planning Support

    - Litigation Support

    - Expert Witness Services

    - Portfolio Valuation

    - Division of Interests

    - Loan Processing



We Conduct Appraisal & Property Valuation Services For

If you're an attorney, accountant, financial planner, banker, or property owner in need of a commercial appraisal you've come to the right place. For more than 25 years, we've been fortunate for the opportunity to work with institutional clients, individual property owners, local municipalities, attorneys, commercial lenders, and private estates.

  • Institutional Clients | Commercial Real Estate Finance

    - Financial Institutions

    - Mortgage Banking/Lenders and Brokerage Firms

    - Government Agencies

  • Valuation for Financial Reporting & Lending

    - Accounting Firms

  • Estate Planning Support

    - Attorney’s

    - Accountants

    - Private Investors

  • Litigation Support

    - Attorneys

  • Local Municipalities | Public Sector

    - City Governments

    - Public Agencies



How do I start?

Call 909/482-1060, or send an email to trc@renkenco.com. We can answer your questions or set an initial appointment. Call today for more information and a detailed consultation on the optimal appraisal approach for your unique circumstances. Use the button below to submit an appraisal quote request.





- Continue reading below for more information regarding commercial real estate appraisal -



The Role of a Commercial Real Estate Appraiser

A commercial real estate appraiser's report discerns the true value of a commercial property and offers an impartial and professional opinion as to the worth of the inspected real estate. Real estate appraisal, property valuation, or land valuation is the process of developing an opinion of value (usually market value) for a given piece of real estate. Often, real estate transactions require appraisals because they occur infrequently and every property is unique (particularly the location, a key factor in valuation).

The role of a commercial appraiser is to provide an unbiased, corroborated, and accurate opinion about the value of a given property. Providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate, the commercial real estate appraisers of Renken Consulting Group assemble a series of facts, statistics, and other property-specific information, as well as perform an analysis of data and comparative examination in formulating an opinion. Expressed by the appraiser in a report, the conclusion of the investigation provides a basis for mortgage loans, settling estates and divorces, taxation, and so on, though a commercial real estate appraisal report is often used to set the sale price of a property.

  • Each appraisal assignment challenges the appraiser's ability to put analytical skills into practice, exercise sound judgment, and communicate effectively. The success of Renken Consulting Group stems from our commercial appraisers' rigorous training, unwavering discipline, steadfast integrity, and dedicated hard-work.


  • The Process of Commercial Real Estate Appraisal

    The expert appraisers of Renken Consulting Group provide timely, accurate, and reliable commercial property appraisals, valuations, and advisory services. We are commercial real estate experts and our quarter-century of experience ensures we have the necessary knowledge of the detailed intricacies and requirements of commercial real estate finance and valuation. At the most basic level, market value is a property's selling price on the open market. But, how do you determine the value of a piece of real estate? Below are a few basic concepts of commercial property valuation:

    • The Cost Approach uses the cost to construct a property subtracted from the land value to indicate the total value. This approach is most applicable to newer buildings since buildings depreciate at different rates. Based on the principle of substitution, the cost approach states that property values tend to be set by the price of acquiring an equally desirable substitute property. In this method, commercial real estate appraisers determine the value based on the cost to completely replace a property.

      The estimated replacement cost considers land, materials, labor, and other factors when determining a property's value. In order to estimate costs, Renken Consulting Group appraisers may use one of several methods: Square-foot method; Unit-in-place method; Quantity-survey method. Another key factor is depreciation, which in brief, is anything that lowers a property's value such as outdated designs and features, functionally obsolete systems, an undesirable location, physical deterioration, and structural issues.

    • The Sales Comparison Approach is most applicable in an active market, in which a number of similar properties have recently sold. Also known as the 'comparison method' or 'market approach', commercial real estate appraisers gather data on transactions involving similar, comparable properties ('comps') and make adjustments based on dissimilar characteristics. The sales comparison approach relies upon a market-derived unit of comparison, such as price per square foot.

      This valuation method reviews past transactions of comparable commercial real estate properties, paying special consideration to property sizes, location, amenities, market conditions, and other variables. Then, the sales comparison approach assigns a property value based on these factors. For example, if you would like to purchase a Class B office building in a certain area, you would examine the sales of other similar Class B office buildings nearby.

    • The Income Capitalization Approach reflects the relationship between income and value. As the name implies, the income approach focuses on the amount of income a commercial property will generate for the new owner. In other words, an investor who purchases income-producing real estate is essentially trading present dollars for the expectation of receiving future dollars. This method applies to income-producing real estate and works well for commercial properties that have predictable expenses like office buildings, retail properties, and mutifamily-residential housing properties. With the income approach, an appraiser looks at the property's income compared to their expected rate of return.

      Typically, the projected income is determined in two common ways: direct capitalization (single period) or discounted cash flow analysis (multi-period). Using direct capitalization, Renken Consulting Group's commercial real estate appraisers estimate the property's potential yearly gross income by determining the NOI (Net Operating Income) in conjunction with the capitalization rate (cap rate). Factors such as risk, time, recapture of the asset, and investment rates for competing investments are considered in selecting capitalization rates.

    • The DCF (Discounted Cash Flow) Valuation Method is an investment valuation method that projects cash flows over a typical holding period and discounts them to arrive a present value. In this context of DCF, discount refers to the discount rate or interest rate used to determine the present value of an investment. This approach is especially valuable for evaluating the financial performance of commercial properties that have multiple tenants with varying lease terms. Our appraisers use this method when analyzing commercial properties that are not stabilized or have rents that significantly differ from the market rent.

      The commercial appraisers of Renken Consulting Group are experts in ARGUS, which is a computer software evaluation program that is widely recognized and utilized by both institutional investors, lenders, and commercial property appraisers as a tool in the analysis of complex commercial real estate investments.

    The final step in the valuation process is the reconciliation of value approaches. In the reconciliation step, the appraiser considers the relative applicability of the various approaches used, examines the range of the value indicators, and identifies the approach that appears to produce the most reliable indicator of value. The purpose of the appraisal report, the type of property investigated, and the adequacy and reliability of the data are all given consideration in the final step of commercial real estate appraisal, reconciliation.



    Licensed Commercial Appraisers

    At Renken Consulting Group, we are your commercial appraisers, commercial real estate appraisers, commercial property appraisers, and commercial valuation experts. No matter how you label it, we are the experts for all commercial appraisal needs. With over 75 years of combined experience, we have the most highly-skilled, experienced, and adept commercial appraisers dedicated to commercial property valuations. We take all the hassle out of your property valuation. We make your commercial appraisal projects quick, smooth, and worry-free by providing each client with a greater sense of security based on qualified data sources, objective expertise, and independent third party due diligence.



    How do I start?

    Call 909/482-1060, or send an email to trc@renkenco.com. We can answer your questions or set an initial appointment. Call today for more information and a detailed consultation on the optimal management approach for your unique circumstances. To give you the most complete answers possible, in most instances, you will meet or speak with the President and Vice President of Real Estate Operations or the President of The Renken Company, not simply a company representative. Use the button below to submit an appraisal quote request.


Geographic Coverage

  • San Gabriel Valley

  • Inland Empire

  • High Desert

  • Riverside/San Bernardino Counties


Appraisal and Consulting Services Includes:

  • Estate Planning Support

  • Litigation Support

  • Expert Witness Services

  • Portfolio Valuation

  • Division of Interests

  • Loan Processing

  • Market Studies

Appraisal Services for:

  • Commercial Real Estate Finance
               - Financial Institutions
               - Mortgage Banking/Lenders and Brokerage Firms
               - Government Agencies
       
  • Valuation for Financial
               - Reporting
               - Accounting Firms
       
  • Estate Planning Support
               - Attorney’s
                -Accountants
               - Private Investors
       
  • Litigation Support
               - Attorneys
       
  • Public Sector
               - City Governments
               - Public Agencies