Madison Land Appraisal
Vacant Lot Appraisal and Agricultural Land Appraisals
Commercial Property Consultants, Inc. has proven expertise in the area of land appraisal for various forms of real estate in the Madison region. Our vacant land appraisal services include residential, commercial and industrial lots for development and agricultural land. Our expertise also includes valuation of unique natural areas and acreages devoted to farming and recreational development (marinas, ski hills, golf courses, campgrounds).
The Process of Land Valuation
A broader analysis that encompasses a wider range of variables must be studied by an appraiser when calculating values for vacant land. One of the key considerations is determining what the land can be used for, or the feasibility of the specific planned development. Once the highest and best use is determined, there are six different methods of valuing vacant land.
- Sales comparison
- Market extraction
- Direct capitalization: land residual method
- Direct capitalization: ground rent capitalization
- Yield capitalization: subdivision development method (discounted cash flow analysis)
Vacant land appraisals require more detailed information and a higher level of expertise that may include identifying trends in development as well as research on competitors in order to provide an accurate valuation.
Land Appraisal Service
Commercially zoned real estate in Madison often requires the qualifications of an experienced and licensed appraiser to provide a detailed market valuation prior to, or during development. Commercial Property Consultants, Inc. offers specialized services that include appraisals for both vacant land and agricultural land in the Madison region that can be customized for:
Commercial Property Consultants, Inc.’s qualified experts begin research on zoning regulations in the specific areas to identify the subject’s highest and best use.
If your land is already under development a Commercial Property Consultants, Inc. appraiser can provide development cash flow valuations which factor in construction costs and other expenses. Some examples being, insurance, real estate property taxes and developer and commercial owner profits and/ or lease commissions.
Data on adjacent properties and any planned development in the area may also affect and/or increase the valuation for vacant land, particularly if property nearby is being purchased for expansion or additional development.
Agricultural Land Appraisers
Our appraisers are recognized by the region’s major lenders and financial institutions as well as all government agencies. Commercial Property Consultants, Inc. has access to nationally recognized databases of both urban and rural land properties in Madison. We provide reports ranging from a full narrative to a shorter form. For more information on agricultural land appraisal services please email or give us a call.