The topic of geographic competence is all the rage these days among commercial appraisers. Here's why: The commercial appraisal industry is regulated by the Uniform Standards of Professional Appraisal Practice (USPAP). Understandably, USPAP specifies that an appraiser must be 'geographically competent' and become familiar with local market … [Read more...]
Russell Roberts Opens Commercial Appraisal Office in Nashville
If you've been reading our blogs and social media posts, you've noticed our love for Nashville. It's a growing city of opportunity that we are embracing with open arms. How? Russell Roberts Appraisals is officially opening a Commercial Appraisal office in Nashville! … [Read more...]
Death and Taxes – We Can Help
In the world of commercial real estate, taxes are an important consideration. Real estate taxes are based on the value of the property as estimated by the local tax assessor. In most cases, the assessor does a pretty good job. But in some cases, the estimate is far too high, resulting in excessive tax bills for some people and corporations. Are you … [Read more...]
Allocating Commercial Real Estate Value the “Right” Way
There is a tea party underway. But it doesn't involve a particular political party. It involves a revolt against real estate taxes levied by local taxing authorities against real estate owned by companies with national name recognition like Walgreen's, General Electric, and Brigestone. These companies contend that they're being taxed on their hard … [Read more...]
Equity Dividend Rates – Downloadable Spreadsheet
An equity dividend rate, also known as cash-on-cash, is the annual rate investors expect to receive on their equity investment. For example, suppose I invest $10,000 and expect to receive $1,500 annually from an investment. It may be calculated as: $1,500/$10,000 = .15 or 15%. There are a few different methods to estimate what a typical market … [Read more...]