Specialty Valuation Group (SVG) is a full-service commercial real estate (CRE) appraisal firm that is dedicated to providing superior valuation, market study, and evaluation services. Our team has also built a unique reputation as leading experts in the valuation of special-use, freestanding, and often owner/business-occupied commercial properties.
Specialty Valuation Group’s appraisals and market studies are accurate, insightful, and on time. We have been performing appraisals and market feasibility studies for nearly two decades. In 2018, Aaron Wright, MAI, AI-GRS, MRICS, ASA held the prominent position of President at the Ohio Chapter of the Appraisal Institute
Our clients include nationally known brands, developers, owners, and lenders. SVG evaluations are cost effective and meaningful, and our clients confirm that the use of our evaluations provide them with added confidence as well as significant cost and time savings!
SVG has locations in Dublin, OH, Brentwood, TN, Detroit, MI, and Atlanta, GA. Contact us today to find out more about our capabilities and experience.
What is a Special-use property?
A special-use property is defined as a building with special construction materials, unique physical design or arrangement that limits its utility to the use for which it was built. They are typically single-purpose buildings which are adaptable to only one particular process, use or even one particular company. Examples of special-use properties include theaters, sports facilities, religious facilities, schools, hospitals, medical and dental offices, hotels, auto dealerships, funeral homes and crematories, gas stations, and farms.
What is the difference between an appraisal and a market feasibility study?
A market study differs from an appraisal in that a market study determines support for a property, whereas an appraisal determines value. Some lenders and finance agencies may require a market study as due diligence to assure a property’s potential for success in a market. This is particularly true for multifamily properties where numerous factors, such as the number of income-qualified households and proposed rent levels, directly influence a property’s potential to lease-up and maintain a high stabilized occupancy rate.
Commercial Real Estate (CRE)
We offer dynamic, well-researched real estate appraisal services for a variety of property types including offices, industrial sites, land, and restaurants, among others. SVG appraisals are fully compliant with FIRREA and all Interagency guidelines and are performed by SVG’s qualified, well-trained, and highly experienced evaluators. Our services are nationwide, and we have considerable experience in the Midwest and Southeastern United States.
Special-use property appraisals are our specialty! SVG staff has over 20 years of experience. We have the necessary specialized experience, skills and tools to more accurately value the unique nature of these types of properties. Our Practice Groups include: Hospitality, Senior Housing, Automobile Dealerships, and Death Care, among others.
We conduct market feasibility studies for all types of commercial and residential real estate development in local real estate markets nationwide. A high-quality and thorough market study may be one of the best investments a developer can make in developing a property, as it presents an opportunity to identify ways in which a property can maximize its return on investment.