Real Estate Appraisals
A commercial real estate appraisal is a signed opinion of a property's market value. FMV orders it with the business valuation through state-certified appraisers in its network, so the business and the property are valued on consistent figures.
Signed by a network appraiserFairMarketValue
1200 Industrial Parkway
At a glance
- Basis
- Uniform Standards of Professional Appraisal Practice (USPAP)
- Prepared by
- An appraiser in FMV's network, coordinated by FMV
- Deliverable
- Signed appraisal report (PDF)
- Used by
- Banks and lenders, accounting firms
- Delivered to
- The ordering bank's or firm's vault and the client's vault
When it is needed
- An SBA or conventional acquisition that includes owner-occupied real estate.
- An estate or gift filing where real property is part of the interest being valued.
What the report contains
- Market, cost, and income approaches to the property
- Comparison with observed transactions
- A signed appraisal from a state-certified appraiser
- Coordination with the business valuation, so goodwill is measured net of the real estate
Last updated October 24, 2026
Standards and sources
- USPAP
- Appraisal development and reporting
- Treas. Reg. §20.2031-1(b) and §20.2031-6
- Fair market value for estate purposes
- IRC §6695A and §6662
- Appraiser and valuation penalty standards
Documents we need
- Property location
- Financial statements
- Lease agreements
How an engagement works
FMV coordinates the appraiser. The steps and delivery are the same.
Scope
We confirm the purpose, standard of value, valuation date, and addressee, then issue the engagement letter.
Intake
You or your client upload documents against a checklist. Open items stay visible until the file is complete.
Analysis
A credentialed analyst prepares the valuation and signs the conclusion.
Delivery
The signed PDF goes to your vault and your client's. We keep the workfile for later questions.
Commercial real estate appraisal questions
Who signs a commercial real estate appraisal ordered through FMV?
A state-certified appraiser in FairMarketValue's (FMV's) appraisal network signs the real estate appraisal. FMV coordinates the order and delivery and signs the business valuation.
Why order the real estate appraisal with the business valuation?
SBA and most lenders require real estate to be appraised separately from the operating business. Ordering both through FMV keeps the figures consistent. Goodwill is measured net of the appraised property, and both reports arrive together.
What standards does a commercial real estate appraisal follow?
Commercial real estate appraisals ordered through FMV are prepared under the Uniform Standards of Professional Appraisal Practice (USPAP) by state-certified appraisers, using the market, cost, and income approaches.
What does a commercial real estate appraisal require?
A commercial real estate appraisal requires the property location, financial statements, lease agreements, and access for the appraiser's inspection.
How is the fee for a commercial real estate appraisal set?
A commercial real estate appraisal ordered through FMV is quoted per property or asset group before work begins and billed with the rest of the file.
Trust and reliability
SOC 2 Type II and ISO 27001 audits are underway. Our security program is documented in the FMV Trust Center.
Get a fixed-fee quote
Tell us the purpose, the company, and the valuation date. We confirm scope and quote a fixed fee before work begins.