Empty retail space with polished concrete floors and afternoon light streaming through large windows
Retail Space Appraisal

The number
you'd stake
your lease on.

We walk the floor. We read the light, the sightlines, the loading dock, the neighboring tenants. Then we give you a number that holds — in negotiations, in court, in front of a judge.

MAI Certified
48-state coverage
Court-defensible

Preliminary Valuation Estimator

Not a spreadsheet guess — a starting point for the conversation.

Case Studies
Triple-Net Lease Disputes
Acquisition Due Diligence
Bankruptcy Proceedings
Insurance Claims
Portfolio Repositioning
Sale-Leaseback Analysis
Eminent Domain
Estate Settlements
Triple-Net Lease Disputes
Acquisition Due Diligence
Bankruptcy Proceedings
Insurance Claims
Portfolio Repositioning
Sale-Leaseback Analysis
Eminent Domain
Estate Settlements
Appraisal Engagements

Every kind of space.
Every kind of problem.

Four engagements. Four different stakes. One consistent outcome — a number that holds.

Warm-lit artisan bakery storefront with wood signage and display window on a tree-lined street
Lease Renewal

Artisan Bakery, Wicker Park

Chicago, IL2,200 sqft

True Market Rent

$28/sqft

Delivered In

6 business days

Suburban strip mall exterior with anchor tenant signage and large parking lot on a clear day
Acquisition Due Diligence

Regional Strip Center, Naperville

Naperville, IL48,000 sqft

Appraised Value

$7.85M

Delivered In

11 business days

Brick commercial building exterior with large storefront windows on an urban street
Insurance Claim

Fire-Damaged Storefront, Midtown Atlanta

Atlanta, GA5,800 sqft

Documented Loss

$312K

Delivered In

9 business days

Large enclosed shopping mall exterior with glass facade and covered entrance canopy at dusk
Bankruptcy Proceeding

200,000 sqft Regional Mall, Riverside County

Riverside, CA200,000 sqft

As-Is Court Value

$38.4M

Delivered In

12 business days

How We Work

Three approaches.
One defensible number.

Every appraisal applies whichever combination of the three recognized approaches best fits the property type, the available data, and the intended use. We document every judgment call.

01

Sales Comparison

We pull every comparable retail transaction within a defined market radius — adjusted for size, condition, lease structure, and location quality. No automated AVM shortcuts. We read the comps ourselves.

Anchor tenant proximity
Parking ratio & access
Sightline grade
Lease term remaining
02

Income Capitalization

Rent roll analysis, vacancy modeling, expense reimbursement verification, and cap rate selection informed by current investor behavior in the specific submarket — not national averages.

Gross vs. NNN structureCo-tenancy clause exposurePercentage rent triggersDark anchor discount
03

Cost Approach

When income data is thin or the property is atypical, we price the land separately, build up the replacement cost of the improvements, and apply a depreciation schedule grounded in the actual physical condition we observed on the floor.

Replacement cost newPhysical depreciationFunctional obsolescenceExternal obsolescence
Empty commercial retail space with polished concrete floors, floor-to-ceiling windows, and geometric ceiling grid casting afternoon shadows

"We don't appraise from a desk. We walk the floor, read the light, and count the cars in the lot at 11am on a Tuesday."

— Principal Appraiser, Appraise

Book an Engagement

Schedule Your
Walk-Through

We'll confirm within one business hour. Bring the lease, the listing, or just the address — we'll take it from there.

May 2026
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What to expect

1-hour confirmation

We confirm every request within one business hour and assign a lead appraiser.

On-site walk-through

We physically visit the property. No drive-by appraisals, no AVM shortcuts.

USPAP-compliant report

Every report meets Uniform Standards of Professional Appraisal Practice and is signed by a certified MAI appraiser.

Defensible in court

Our reports have been accepted as evidence in federal bankruptcy proceedings and state court lease disputes.

Download a Sample Report

See the methodology before you commit

A redacted 34-page appraisal report for a 22,000-sqft strip center in suburban Phoenix. Comparable sales, income approach, and final reconciliation — the real thing.

The record behind the number

22+Years in Practice
4,800+Appraisals Completed
48States Licensed
340+Court-Accepted Reports
CertifiedMAI Designation
9 daysAvg. Delivery