Valuation and feasibility analysis for the decision to build, buy, sell or refinance.
GP Valuation advises owners and developers on the value of a property or a business before they commit capital, through market and feasibility studies, highest and best use analysis and valuations prepared for the owner’s own decision.
The analysis begins with the best use of the property, and the value follows from it.
Highest and best use
The firm tests the uses that are legally permissible, physically possible and financially feasible, and concludes the use that produces the highest value for the site as vacant and as improved.
Market and feasibility
Demand, supply, absorption and achievable rents or rates are measured for the proposed use, and the cost of the project is set against the value it would create on completion and at stabilization.
Value before the decision
The firm concludes the value of the property as it stands and, where the facts support it, its prospective value on completion, so that the owner sees the margin before committing.
The firm works with owners at four points in the life of a property.
Acquisition
Value of a property or a business under contract, and the risks to that value, concluded before the due diligence period closes.
Development
Feasibility, highest and best use and prospective value for a project, prepared by the firm before land is bought or a lender is approached.
Disposition
Value of a property or an operating business before it is offered for sale, with the real estate and the business allocated where both are sold.
Refinance and partnership decisions
Value for an owner’s planning before a refinance, a recapitalization or a buyout among partners.
Work prepared for an owner serves the owner’s decision, and a lender engages its own appraiser.
Each report names the owner as the intended user and states the intended use, so that the conclusion is read for the purpose it was developed for.
When a loan follows, the federal Interagency Guidelines require the lender to select and engage the appraiser directly, and the firm’s report gives the owner an independent view to set beside the lender’s.
Engagements begin with the property, the decision ahead and its timing, and the firm confirms scope, fee and delivery date in writing.
The firm replies within one business day and arranges a call from there.
DC Metro: 1640 Boro Place, 4th Floor, McLean, VA 22102
Northeast Florida: 425 Town Plaza Ave, Ponte Vedra, FL 32081
Northeast Ohio: 1409 W. 10th Street, Cleveland, OH 44113