Mainland Valuation - Commercial Real Estate Appraisal Services

Mainland Valuation appraisers maintain active appraisal licenses in Kansas, Missouri, Nebraska, Texas and Minnesota. Within the last few years, Mainland has also appraised properties in Iowa, Illinois, Indiana, Oklahoma, Arizona, Tennessee and South Dakota. Mainland also acquires temporary credentials in others states when needed.

Lending Institutions — A significant amount of appraisal services provided by Mainland are performed on multifamily projects completed for Fannie Mae or Freddie Mac loans.

Government/HUD — Both Mr. Maier and Mr. Frazier are approved by the United States Department of Housing and Urban Development for preparation of general apartments and senior housing facilities. In this area, we perform HUD MAP Market Studies & Appraisals. MAP, or Multi-family Accelerated Processing, Market studies are prepared as a part of the underwriting process for financing multi-family housing provided by HUD.

Commercial Real Estate Appraisals — Mainland appraisers utilize industry established analytical techniques in valuating properties. Which technique is determined by the characteristics of the property. Valuation and market study assignments is all we do. Our firm has appraised various retail properties ranging in use from convenience stores and strip centers to big box facilities and regional malls. We also appraise both single and multi-tenant office facilities, industrial/warehouse properties and special use facilities. Specialized properties appraised by the firm include golf courses, hotel/motel properties, biomedical laboratories, mixed-use subdivisions and agricultural tracts.

Single Asset Properties

Portfolio Properties — While the portfolio assignments typically include 20 or fewer properties, Mainland has completed asset valuations on portfolios with up to 50 properties. Our company’s diversified experience and advanced technology platform allow for completion of portfolio assignments in a timely manner and at competitive pricing.

Litigation Support — Mainland appraisers has provided expert witness testimony in several bankruptcy cases as well as provided appraisal and consultation services in condemnation cases and ad valorem tax appeals.

Condemnation Appraisals — A higher level of care is required in preparing appraisals for condemnation. This is true because many times the condemnation itself is under the scrutiny of a judge and along with that there can be an emotional element involved. Mainland take care in providing a thorough and comprehensive approach to such actions.

Estate tax appraisals — Estate tax appraisal can be referred to as a fair market value appraisal. Mainland offers estate appraisals which establishes estate tax values for personal property including an real estate or business assets as of a specific date – usually the date of death of the decedent.

Highest and Best Use Analysis — Highest and best use analysis is used to aid property owners in maximizing return. Highest and best use analysis can be performed for acreage, site development, and for improved properties. Research and planning to determine the best suitable use be it single-family, multifamily, or commercial can substantially increase investment returns.

Housing Tax Credit Appraisals — The LIHTC or Housing Tax Credit program has been made a permanent element of chapter 42 of the Federal Income Tax Code. Owners of Low Income Housing Tax Credit Properties receive tax credits for a portion of the construction/renovation cost. Tax credits can be used to directly reduced federal income taxes. (Tax deductions reduce taxable income and thereby indirectly reduce income taxes.)

Market Rent Analysis — Mainland tracks Kansas City area rental markets so that when we prepare to document rent levels, we evaluate the subject property, competing properties, and market conditions. Estimates of market rent are developed regularly for market studies, appraisals, lease disputes, and to provide an owner or prospective investor with objective opinions.

Market Studies — Mainland routinely performs Market studies to evaluate real estate market conditions with regard to an existing or proposed property. The focus of a market study details competition within the submarket and the strength or weakness of the submarket. Also, market study indicators that the submarket will continue to improve or weaken and how the existing or proposed subject property is likely to perform within the submarket is considered.

Feasibility Studies — Feasibility Studies are a combination of a market study and financial analysis used to determine the financial feasibility to develop, renovate or upgrade a proposed property.

Partial Interest Valuations — Partial interest valuation values the ownership of a portion of a property, limited partnership, general partnership, corporation, LLC or LLP. Partial interest valuation is more complex than most valuation problems and requires intense analysis and seasoned judgment. Reasons for performing a partial interest valuation are typically related to estate tax valuation or estate tax planning but could involve divorce, business dissolution or valuation of collateral for a bank.

Real Estate Consulting — Real estate consulting covers a breadth of areas including market rent study, market study, feasibility study, highest and best use analysis, cost segregation and analysis for an under performing asset. Clarifying the client's objectives and expectations is the cornerstone of a successful real estate consulting engagement.