There are many kinds of value. The dollar amount assigned to each can vary significantly. Because of these variations, it is crucial to establish the purpose and the kind of value needed prior to the commencement of the actual appraisal. As a full service valuation company with decades of experience, Industrial Appraisal Company has the expertise and vision needed to help identify and define the proper value or values needed to meet your objectives.

 

Fair Market Value - The estimated amount, expressed in terms of money, that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts as of a specific date.

 

Fair Market Value – Removal - The estimated amount, expressed in terms of money, that may reasonably be expected for an item of property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, considering removal of the property to another location, as of a specific date.

 

Fair Market Value – In Continued Use - The estimated amount, expressed in terms of money, that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, including installation, as of a specific date, assuming that the business earnings support the value reported. This amount includes all normal, direct, and indirect costs, such as installation and other assemblage costs necessary to make the property fully operational.

 

Fair Market Value – Installed - The estimated amount, expressed in terms of money, that may reasonably be expected for an installed property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, including installation, as of a specific date. This amount includes all normal, direct, and indirect costs, such as installation and other assemblage costs necessary to make the property fully operational.

 

Orderly Liquidation Value - The estimated gross amount, expressed in terms of money, that could typically be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.

 

Forced Liquidation Value - The estimated gross amount, expressed in terms of money, that could typically be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date.

 

Liquidation Value In Place - The estimated gross amount, expressed in terms of money that could typically be realized from a failed facility assuming that the entire facility would be sold intact with a limited time to complete the sale, as of a specific date.

 

Salvage Value - The estimated amount, expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for possible use elsewhere, as of a specific date.

 

Scrap Value - The estimated amount, expressed in terms of money that could be realized for the property if it were sold for its material content, not for a productive use, as of a specific date.

 

Cost of Reproduction New - The cost to reproduce the entire property at one time, in new condition of like kind and quality at current market prices for material, labor, cost of freight and installation, contractor’s overhead and profit, but without provision for overtime, bonuses and premiums of any kind.

 

Sound Value - The Cost of Reproduction New less accrued depreciation resulting from observed conditions involving age, utility and remaining serviceable life. Sound Value is often referred to as Actual Cash Value within the insurance industry.

 

Functional Replacement Value - The cost defined by the ISO (Insurance Service Office) to replace a building with similar property intended to perform the same function when replacement with identical property is impossible or unnecessary.