Commercial Real Estate Appraisals Across Connecticut
Baldi Valuation is an MAI-led commercial real estate appraiser in Connecticut, based in Colchester. Lenders have relied on our work for years. We bring the same independent analysis to executors, attorneys, investors and owners, whether the appraisal is for an estate, a partnership, a purchase or long-term planning. A partner of the firm inspects every property and signs every report. We work throughout Connecticut and in western and central Massachusetts.
- MAIAppraisal Institute designation
- Since 2014Independent Connecticut firm
- ~$60MLargest single valuation
- ThousandsOf commercial appraisals completed
- Partner-ledA partner inspects and signs every report
Private clients
Estate appraisals and private valuations, done properly
When a family member passes, a partnership ends, or you are deciding whether to sell, you need a value you can stand behind. We prepare retrospective date-of-death appraisals for estates, independent valuations for investors and owners, and fractional-interest work for gifting and buyouts.
A partner of the firm inspects every property and signs every report, and the firm is led by Michael Baldi, MAI. You work directly with the appraisers doing the work.
Estate and date-of-death appraisalsAppraisals for owners and investors
Services
What we are hired for
Estate and Date-of-Death Appraisals
Retrospective appraisals of commercial and investment property for executors, estate attorneys, trustees and heirs. Prepared to stand up to review by the probate court, the IRS and your CPA.
Learn moreAppraisals for Owners and Investors
An independent opinion of value for buying, selling, refinancing or planning, or simply to know what a property is worth today. The same MAI-level analysis banks rely on, written for you.
Learn morePartnership Buyouts and Divorce
Independent, defensible valuations when co-owners, partners or spouses need to divide or buy out an interest in commercial or investment real estate.
Learn moreCommercial Appraisals for Lenders
Most of our work is for banks and credit unions. Lenders keep coming back because we turn work around on time, write clean reports and stay responsive through underwriting.
Learn moreRent Studies and Lease Comparables
Market rent analysis for lease negotiations, renewals, ground leases and rent resets, drawn from our own database of Connecticut lease comparables.
Learn moreCharitable Donation and Conservation Easement Appraisals
IRS qualified appraisals for gifts of real estate to charities and land trusts, and for donated conservation easements, prepared by a qualified appraiser and built to support Form 8283.
Learn moreGift and Estate Planning Appraisals
Appraisals for owners transferring property to children, trusts or family LLCs during their lifetime: gift tax returns, trust funding and long-range estate planning.
Learn moreConstruction and Proposed Development Appraisals
Prospective "as complete" and "as stabilized" values for new construction, conversions, additions and major renovations, for construction lenders and developers.
Learn moreProperty Tax Appeal Appraisals
Independent market value appraisals to support a commercial property tax appeal before a Connecticut Board of Assessment Appeals or in Superior Court.
Learn moreAppraisal review
Appraisal review by an AI-GRS
Michael Baldi holds the Appraisal Institute's AI-GRS (General Review Specialist) designation in addition to his MAI. Few appraisers hold both. Lenders, attorneys and owners hire us to test whether an appraisal is credible, from routine technical reviews to reviews of opposing reports in litigation, tax appeals and estate disputes.
Commercial and residential appraisal reviewAbout Mike Baldi, MAI, AI-GRS
- USPAP Standard 3 desk and field reviews
- Second-opinion reviews for lenders
- Opposing-report reviews for attorneys
- Commercial and residential
Areas we serve
Eastern and central Connecticut, town by town
About half of our work is in eastern Connecticut and half in the Hartford, New Haven and Litchfield markets. Here are the towns where we work most often. Every town in these counties has its own page, and we also take assignments in Fairfield County and western and central Massachusetts.
Eastern Connecticut
Norwich, Stonington, New London, Groton, Griswold and Jewett City, East Lyme, Colchester, Montville, and 13 more
Old Saybrook, Middletown, East Hampton, Essex, Portland, Cromwell, Clinton, Haddam, and 7 more
Central and Northwest
Hartford, New Britain, Manchester, South Windsor, West Hartford, Bristol, East Hartford, Glastonbury, and 21 more
Property types
From apartments to industrial and land
- Apartment and Multifamily Appraisals of apartment buildings of every size, from two- to six-family houses and small walk-ups to garden complexes, mid-rise buildings and mill conversions.
- Mixed-Use Appraisals of main-street and downtown buildings with storefronts or offices below and apartments above, one of Connecticut's most common commercial property types.
- Industrial and Warehouse Appraisals of warehouse, distribution, manufacturing, flex and contractor buildings, from single-tenant shops to multi-tenant parks and older mill complexes.
- Office Appraisals of professional and corporate office buildings, owner-occupied or multi-tenant, from converted houses to downtown towers. See our medical office page for medical and dental buildings.
- Retail and Shopping Center Appraisals of shopping plazas, freestanding retail, net-leased stores, bank branches and storefront buildings.
- Commercial Land and Development Site Appraisals of commercial, industrial and multifamily land and development sites, approved or proposed. For woodland, acreage and residential subdivisions, see our raw land page.
Market notes
What we are seeing in the market
The Fed is raising rates to fight inflation. In housing, it may be doing the opposite.
Higher rates keep homes off the market and push more people to rent. That puts upward pressure on rents, one of the biggest drivers of inflation.
Read
Connecticut commercial real estate since 2020: still a tight market
Since 2020 the Connecticut commercial market has changed quickly, but one thing has stayed constant: more buyers than sellers.
Read
Why there is so little inventory for apartment buildings and industrial property
Apartment and industrial property have had the most persistent shortage of listings, and that has pushed sale prices per square foot higher.
Read
Need a commercial appraisal?
Tell us about the property and what the appraisal is for. We will respond with a fee and a delivery date, usually within one business day.
