A Market Assessment Survey is a detailed narrative
of subject property which contains a statement respecting localized market conditions,
and an examination of the zoning, permitted uses and assessment of the property
or properties the survey intends to analyze.
The scope of our work centers around a depth of knowledge,
experience and trusted information sources that we engage to complete a
project. It delivers exacting information from which our clients and
customers can rely on and implement for a stated purpose. Our work
increases market potential of a property, fully addresses market conditions,
and provided solid comparable property value.
Depending the assignment, a market assessment examines gross income multipliers, (GIM) capitalization rates (R) net operating income (NOI) and other data to
complete the assignment. Although the procedure is commonly implemented
in nearly real estate classifications, we limit our work to commercial real
estate.
A Market Assessment Survey is by definition a summary opinion of market conditions which affect the marketability of the examined property. In the broadest term, our work is generally described as assembly of comparable property sales and statistical information affecting the target property. Too often the information used in the process looses it effectiveness by the brevity of the data applied to assignment. The juncture at which the cost of such information and the time required to assemble it all too often burdens the usefulness of its purpose, creating a material detriment to the orderly completion of the operation. Still, a properly prepared survey can be a very useful asset to a property owners contemplating the sale of a property, or to gauge the market activities.