Services

Commercial appraisal services

We appraise every type of commercial and investment property for lenders, estates, owners, investors, attorneys and agencies. Each report is scoped to its intended use and written so you can follow it and rely on it. For an overview by client type, see Connecticut appraisal services.

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.

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Appraisals 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.

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Partnership 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.

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Litigation Support and Expert Witness Testimony

Appraisals prepared to stand up to cross-examination, and expert testimony in Connecticut courts, depositions, arbitration and administrative hearings.

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Commercial 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.

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Rent 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.

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Commercial Appraisal Review (AI-GRS)

Independent review of commercial and residential appraisals by Michael Baldi, MAI, AI-GRS. Few appraisers hold the Appraisal Institute's General Review Specialist designation.

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Charitable 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.

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Gift 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.

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Construction and Proposed Development Appraisals

Prospective "as complete" and "as stabilized" values for new construction, conversions, additions and major renovations, for construction lenders and developers.

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SBA Loan Appraisals

Commercial appraisals for SBA 7(a) and 504 loans, prepared by state-certified general appraisers to meet your lender's SBA requirements.

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Market, Feasibility and Highest and Best Use Studies

Independent analysis of a property's best use: market and feasibility studies, highest and best use analysis, and rent and lease-up studies for developers, owners and investors.

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Ground Lease, Cell Tower and Billboard Appraisals

Market rent and value for ground leases, cell tower and rooftop antenna leases, and billboard leases, including whether a lease buyout offer is fair.

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Property 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.

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Eminent Domain and Condemnation Appraisals

Appraisals of full and partial takings for property owners, their attorneys, and condemning authorities in Connecticut, including road-widening and right-of-way projects.

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Fair Market Rent and Lease Renewal Appraisals

Independent fair market rent opinions for lease renewals, option periods, rent resets and lease arbitration, for landlords and tenants.

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Retrospective Appraisals

Appraisals of commercial property as of a past date, for estates, divorce, litigation, tax matters and any other situation that requires a value as of an earlier date.

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Restricted Appraisal Reports

A shorter, lower-cost appraisal report for situations where the client is the only intended user, such as internal planning, negotiations or deciding whether a full report is needed.

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Bankruptcy, Foreclosure and Receivership Appraisals

Appraisals for Connecticut foreclosures, bankruptcy proceedings and court-appointed receivers, for lenders, borrowers, trustees and their attorneys.

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Affordable Housing Appraisals

Appraisals of income-restricted and affordable housing in Connecticut, including tax-credit properties, deed-restricted units and 8-30g developments.

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As-Complete and As-Stabilized Appraisals

Prospective values for properties being built, renovated or leased up, along with the as-is value lenders and investors also need.

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Expedited Appraisals

Faster commercial appraisals when a closing, court date or filing deadline cannot wait, without cutting corners on the analysis.

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Partial and Undivided Interest Appraisals

Appraisals of fractional and undivided interests in commercial and investment real estate, for estates, gifts, family transfers, partnerships and partition disputes.

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Trust Appraisals

Appraisals of commercial and investment property held in or moving into a trust, for trustees, trust and estate attorneys, CPAs and beneficiaries.

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Property types

Properties we appraise

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.

Restaurant

Appraisals of freestanding restaurants, fast-food properties, bars and taverns, and restaurant space in mixed-use buildings.

Auto Repair and Dealership

Appraisals of auto repair garages, body shops, new and used car dealerships, car washes and other automotive property.

Church and Religious Property

Appraisals of churches, parish halls, rectories and other religious property, for sales, purchases, financing and congregation planning.

Special-Purpose Property

Appraisals of hotels and inns, marinas, schools, recreational and institutional property, and other one-of-a-kind properties.

Medical Office

Appraisals of medical, dental and outpatient office buildings, from converted houses near a hospital to multi-tenant medical buildings and condominiums.

Self-Storage

Appraisals of self-storage facilities, from small drive-up properties to climate-controlled buildings, including expansions and proposed facilities.

Daycare and Child Care Center

Appraisals of child care centers and daycare buildings, owner-occupied or leased, including purpose-built centers and converted houses or commercial buildings.

Raw Land, Woodland and Subdivision

Appraisals of large woodland tracts, raw acreage, farmland and residential subdivision parcels, from a single building lot to hundreds of acres.

Owner-User Industrial

Appraisals of industrial buildings occupied by the businesses that own them, from small contractor shops to manufacturing plants, for SBA and bank loans, buyouts and estates.

Liquor and Package Store

Appraisals of package stores and liquor store buildings, freestanding or in strip centers, owner-occupied or leased, including for SBA loans and business sales.

Gas Station and Convenience Store

Appraisals of gas stations, convenience stores and fueling sites, branded or unbranded, owner-operated or leased.

Contractor Shop and Garage

Appraisals of contractor shops, truck and equipment garages, and service buildings with outdoor storage yards, usually owner-occupied.

Flex, Showroom and Industrial Condo

Appraisals of flex buildings, showroom and warehouse combinations, small-bay multi-tenant industrial, and industrial condominium units.

Office Condominium

Appraisals of professional and medical office condominium units, owner-occupied or leased, for SBA and bank loans, estates and partnership buyouts.

Net Lease

Appraisals of single-tenant net-leased property, including discount stores such as Dollar General, pharmacies, post offices, auto parts stores, banks and quick-service restaurants.

Strip and Shopping Center

Appraisals of strip centers, neighborhood and grocery-anchored shopping centers, and multi-tenant retail plazas.

Lumber Yard and Building Supply

Appraisals of lumber yards, building supply and hardware stores, with their storage sheds, yards and retail buildings.

Lab and Biotech

Appraisals of laboratory, research and development, and biotech buildings, along with industrial buildings converted for lab use.

Funeral Home

We appraise funeral homes for SBA loans, sales, estates, partner buyouts and family transfers. Many are family properties that have been in business for generations. We value the real estate separately from the funeral business.

Veterinary Clinic and Kennel

Appraisals of veterinary hospitals, animal clinics, kennels, boarding and grooming facilities, owner-occupied or leased.

Hotel, Motel and Inn

Appraisals of hotels and motels, from franchised limited-service hotels to independent roadside motels, as well as country inns and bed and breakfasts.

2‑4 Family Portfolio

Appraisals of portfolios of two-, three- and four-family houses and small apartment buildings, for investors, lenders, estates and partners. We appraise these mainly as packages and take single 2‑4 family assignments selectively.

Marina and Boatyard

We appraise marinas, boatyards and dry-stack storage on Long Island Sound, the Connecticut River and the state's lakes. Our clients include lenders, buyers, owners, estates and partners.

Crematory and Pet Crematory

We appraise crematories and pet crematories, whether they stand alone or are part of a funeral home, cemetery, veterinary hospital or kennel. Our clients include lenders, buyers, owners and estates.

Specialty work

  • Portfolio valuation
  • Leasehold and leased fee valuations
  • Going-concern and special-purpose properties
  • Prospective values at completion and stabilization

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.

Need a quote?Tell us about the property. We usually reply within one business day.Baldi, the Baldi Valuation eagle
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