Industrial is our specialty
Our principal appraiser spent most of his career valuing industrial real estate for institutional owners, first in valuations and research at Prologis and then leading quarterly valuations for a nine million square foot industrial fund. We look at a warehouse the way a buyer or a tenant does, because that is the work we came from.
Location comes first
Two buildings with the same clear height and dock count can be worth very different amounts. What separates them is usually location: the submarket, how fast a truck can reach I‑70, I‑25, I‑76, I‑270, or E‑470, how deep the labor pool is nearby, and whether the surrounding population is growing. We start every industrial report there.
Then the building
After location, we test the building against what tenants in its size range need today. Clear height, loading, truck court depth, power, and column spacing matter more than they used to, because Denver has added a lot of modern space in the last few years. A 1970s building with 18 foot clear competes in a different market than a new 32 foot distribution center, even a mile apart.
Lease terms get the same scrutiny. We look at rent relative to market, remaining term, the odds of renewal, and how long a vacant suite would realistically take to lease in the current market.
Comparable sales
A report is only as strong as its comps. Reviewers can spot a bad one right away, and it weakens everything that depends on it. We choose sales that match the subject on size, age, and location, and we confirm the terms of each sale before we use it.
Common assignments
Most of our industrial work supports acquisition and refinance loans. We also appraise industrial property for tax appeals, estates, and fund and portfolio reporting. For current conditions, read our Denver industrial market notes.