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Services
THE APPRAISAL REPORT
The appraisal report is a formal written document which contains (a) the estimate of value, (b) the effective date of the appraisal, (c) the certification and signature of the appraiser, (d) the purpose of the appraisal,
(e) the qualifying conditions, (f) an adequate description of the neighborhood and identification of the
property and its ownership, (g) the factual data, (h) an analysis and interpretation of the data, (i) the
processing of the data by one or more of the three approaches and (j) other descriptive
supporting
material (maps, plans, charts, photographs).
HIGHEST AND BEST USE
A study that targets the use that will result in a level of income which, when capitalized; into value, will
result in the highest net present value from among the assortment of alternative uses.
FEASIBILITY SURVEY
A feasibility survey is an analysis of the cost-benefit ratio of an economic endeavor. A real estate project
is "feasible' when analysis indicates that there is a reasonable likelihood of satisfying explicit objectives
and when a selected course of action is tested for fit to a context of specific constraints and limited
resources. Feasibility of a real estate project is normally related to its probable economic potential.
MARKET STUDY
A market study is the comparison of market analysis projections with the supply of space for a specified activity in an effort to identify market opportunities.
MARKETABILITY STUDY
A marketability study is a study to determine to what extent a particular piece of
property can be marketed or sold under current or anticipated market conditions. It is
inclusive of a market study (analysis) of the general class of property being considered.
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5700 Lake Worth Rd, Suite 305, Lake Worth, Florida 33463, 561-296-5152
595 S Federal Highway, Suite 600, Boca Raton, Florida 33432, 561-394-3772
401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, Florida, 954-772-8200
1221 Brickell Avenue, 9th Floor, Miami, Florida, 33131, 800-226-6700
Ames Appraisal Services, a division of The Ames Organization, Inc.
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