Property types
Medical Office appraisals in Connecticut
Appraisals of medical, dental and outpatient office buildings, from converted houses near a hospital to multi-tenant medical buildings and condominiums.
What drives medical office value
Buildout
Exam rooms, plumbing, imaging space and specialized HVAC are costly to build, and they affect both rent and who will buy the building.
Location near the hospital
Proximity to hospitals and referral networks drives demand and rent for medical tenants.
Tenant mix and lease terms
Physician groups, health systems and dental practices each carry different credit and renewal risk.
Access and parking
Patients need convenient access, accessible entrances and more parking than general office.
Where we do this work
The towns where we have appraised the most medical office property:
Share of our work in each county that is medical office property
What to send us
- Rent roll and leases
- Two to three years of operating statements
- Floor plans and a list of medical buildout
- Any recent capital improvements
Medical Office appraisals: common questions
Is medical office valued differently than general office?
Yes. Medical office has its own tenants, rents and buyers, and its buildout can add or subtract value depending on who would use it next.
Do you appraise medical office condominiums?
Yes, including owner-occupied units bought with SBA or conventional financing.
Who does the appraisal?
A partner of Baldi Valuation inspects every property and signs every report. The firm is led by Michael Baldi, MAI, AI-GRS.
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.