Industrial Appraisal Services
The industrial real estate industry has experienced enormous growth as demand for goods has accelerated with the advent of ecommerce. This development has led to a growing need for warehouse space, distribution centers, and other types of industrial properties that support storage, manufacturing, and logistics efforts.
Our team at McCoy Valuation frequently evaluates industrial properties to determine their market rents and value. Among the most important attributes in this sector is proximity to transportation links such as major ports and highways as well as clearing heights and ease of access for shipment.
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Warehouse and Manufacturing Facility Appraisals
Both warehouses and manufacturing facilities often require large storage space of inventory, equipment, and tools. Key building features that are important to the market may include clear ceiling heights, number of loading doors, dock height doors, and security. Additionally, yard storage with fencing or security gates may be an attractive feature as users look to store vehicles, equipment, and other materials.
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Multifamily Land Appraisal
Flex space, or flex buildings, are defined as real estate in which a portion of the improvements are dedicated to office space and a percentage dedicated to industrial areas. This provides users with the ability to both run business operations and manufacturing or distribution operations in close proximity. Oftentimes these properties are found to be more valuable when they have good access to major transportation links and features such as high ceilings, loading docks, and dock height doors.
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Self-Storage Valuation
The self-storage segment, sometimes referred to as the “mini-warehouse” industry, has experienced strong demand over the past several decades. Multi-story facilities, in particular, are considered to be highly marketable given the growing need for storage space in certain markets. Among the most important factors is whether a property is climate controlled or non-climate controlled as renters may desire an indoor, temperature-controlled facility. Those using storage facilities may also seek out additional services such as truck rental, moving, and having access to storage supplies like boxes, locks, and packing materials.
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Major Industrial Appraisal Assignments
Greenbriar Industrial Park is a 96,000 sf industrial warehouse complex.
1177 Hosier in a 33,000 sf Industrial Recycling Center located in Suffolk.
Located next to a branch of the Elizabeth River, this property was selected as a proposed industrial development site.
Exmore Mini Storage is a facility for business and household storage offering various unit sizes.
McCoy Valuation
Contact Our Team
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