Fee Simple, Leased Fee, Leasehold, Development Rights, Partial Interests Appraisal Even though land is relatively inexpensive or contributes a relatively small portion to the overall value of the property or business, land appraisal is often disproportionately complicated and difficult. Sometimes the appraisal context, the client’s purpose and use for the appraisal, dictate appraisal hypothetical assumptions. For example, when appraising for property taxation, even if the property is leased (a leased fee estate), many states require the appraisal to assume a fee simple estate. Improvements can diminish or enhance land value. Most commonly, various intangible characteristics of the land, such as permits, approvals, deed restrictions, encumbrances, easements, and rights of way, etc., have dramatic impacts on the value of the land. Further, the development potential of land, either vacant, surplus, or excess land, can be difficult to discern, even before air rights and transferable rights issues are encountered. The credible appraisal of land requires extensive experience. Federal Appraisal has decades of intensive land appraisal experience and is able to ensure cost effective credible land appraisal. Hiring Federal Appraisal is like an insurance policy against future accounting, tax and legal problems concerning land appraisals. land developments and feasibility and market studies residential and commercial land rail road land, land for transmission lines and pipelines special use land fee simple, leased fee, leasehold, easements, rights of way partial interests, temporary interests land sales approach and land residual condemnation litigation, damage

Land Appraisal, Subdivisions, Easements, Rights of Way While often a relatively small contribution to the overall real property value or overall business value, land frequently presents challenging appraisal issues. The issues often make the land valuation the most volatile of the appraised components of the overall real property value or overall business value. Without an experienced hand, land valuation can become problematic. Federal Appraisal specializes in the appraisal of land and all of its land rights variations, such as: fee simple land leased fee and leasehold land, ground leases, permits, licenses easements (permanent or temporary), right of ways, encumbrances, appurtenance rights air rights, development rights, transferable development rights, FAR partial interests Federal Appraisal has been appraising land for 36 years. We have worked on numerous types of land development, such as: residential lots and subdivision site commercial, retail, industrial land utility and infrastructure land Our land appraisal and advisory work is utilized in many issues, including redevelopment loan underwriting and financing feasibility studies and market studies condemnation acquisition and disposition due diligence property tax assessment and litigation income tax reporting, transfer tax reporting investor reporting litigation and expert witness zoning and variance issues cost segregation and purchase price allocation, ASC 805 reporting conservation (Green Acres)

Real Property Portfolios Federal Appraisal LLC specializes in the appraisal of real property portfolios.  This type of appraisal is complex because of the sheer volume of work, the diversity of geographies/markets, and the purpose and use for the appraisals, which are often complicating; however, this is exactly what Federal Appraisal was founded to appraise.  Federal Appraisal has a full team of specially trained appraisers who frequently appraise portfolios.  We have licenses around the country, in nearly all major markets, which makes Federal Appraisal a one-stop shop for our clients.  In any case, we will manage the appraisal of the entire portfolio, which will ensure consistency and quality throughout the appraisal process. Lastly, since portfolio appraisals are typically needed for complex purposes and uses, such as estates and estate planning, gifts, litigation, acquisition, or disposition due diligence, it is essential that the appraisers have such experience.  Federal has expertise with complex purposes and uses and with portfolio appraisals.

Corporate Campus and Redevelopment While a corporate headquarters may entail one large specially built office building, a corporate campus typically comprises multiple buildings or a variety of occupancy types (office, research, manufacturing, processing) at one location that act together as one economic unit in support of the corporation. They frequently have centralized support, amenities, and other internal functions. Frequently, headquarters and campuses have sizable buildings and frequently cover dozens and sometimes hundreds of acres of land. They frequently have expenses to build special improvements and finishes; therefore, their cost new can be unusually high. Consequently, if their highest and best use remains as a headquarters or campus, then their values will likely be high. Conversely, if the company that developed the headquarters or campus no longer needs them, given the nature of the special purpose improvements, the headquarters or campus may suffer substantial functional and or economic obsolescence. Therein lies the basis of appraisal challenge and of valuation disputes. Federal Appraisal regularly testifies to its appraisals on these types of issues. Federal Appraisal has appraised dozens of corporate headquarters or campus in the United States for a variety of purposes and uses. Federal specializes in appraising corporate headquarters or campus that include: Research and development Wet/dry laboratory space Warehouses and manufacturing processing buildings Office Buildings of all different types Power Plants and Power Plants that serve corporate campuses Excess and surplus land, water frontage, water rights, rights of way and easements Do not hesitate to contact us at Federal Appraisal LLC at 908-534-3590 or mark@federalappraisal.com for any questions or needs you may have!