Commercial Real Estate

Commercial Real Estate

The experts at PRA have been involved in the real estate industry for more than 30 years. They bring knowledge and expertise to properly analyze the cash flows for investment properties and present this information in a manner that is easily understood by the buyer.

In addition, in the current market environment, investors are often seeking steady and consistent cash flows while minimizing risk and NNN leased properties to credit tenants often provide a good alternative with significantly higher returns than bonds or money market accounts. PRA has extensive knowledge in NNN leased properties.

At PRA, we use current valuation techniques that meet the highest standards required by the Appraisal Institute, Appraisal Foundation, as well as FNMA and FHLMC guidelines. Our highly qualified professional valuation team provides efficient, accurate and personalized service.

Whether the property is large or small, residential or commercial, we provide quality valuation services. Because of our expertise, our professional staff has valued a diverse portfolio of properties including:

  • Residential properties
  • Condominiums
  • Townhomes
  • Congregate Living Facilities (C.L.F.)
  • Automobile dealerships
  • Commercial properties
  • Condemnations
  • Hotels
  • Industrial properties
  • Institutional real estate
  • Manufacturing plants
  • Marinas
  • Mini-storage facilities
  • Permanent easements
  • Planned unit developments
  • Restaurants
  • Retail facilities
  • Service stations
  • Shopping centers
  • Special purpose buildings
  • Subdivisions
  • Temporary easements
  • Trailer parks
  • Vacant land
  • Warehouses

In-depth narrative studies are often required for commercial, industrial and other property types involving the valuation of complex properties. This service provides in-depth research of similar properties, as well as neighborhood analysis, highest and best use analysis, and valuation analysis. Our valuation team is highly skilled in financial modeling using Excel and has been responsible for the programming of all of the firm’s financial models.

These reports are used for:

  • Financing
  • Tax purposes
  • Contract sales
  • Marketing
  • Determining project feasibility
  • Condemnation purposes
  • Assessment of the marketplace for highest potential property use.

Market Analysis

Market studies compare the “value created” with the potential return and risk analysis. This service provides an economic base analysis, pricing and absorption study, as well as an analysis of project feasibility. This pre-development service is vital in determining product pricing, in securing financing and in acquiring governmental approvals.

Expert Testimony

PRA has a team of experienced expert witnesses in matters of real estate value. Our services are often required in cases of bankruptcy, condemnation, foreclosure and related legal proceedings.

We serve our community with professional appraisal services reinforced by a reputation for dependability, accuracy and excellence. We have the ability to service South Florida and the Treasure Coast. We are committed to quality and performance by providing to our clients’ professional valuation and consultation services.