New Construction
Appraisals
Commercial new-construction appraisals across Oregon. Gold Rush Appraisal values proposed or ongoing construction under stated development assumptions. State Certified. Request a quote.
A new construction appraisal values a commercial property that is proposed or under construction. Because the improvements are not yet complete, the appraisal relies on stated development assumptions and an effective date tied to the proposed completion, making the assumptions central to the conclusion.
What the service involves
The assignment is an appraisal of the property as proposed or under construction, concluded as of a current or prospective effective date depending on scope, and based on stated assumptions about the plans, specifications, and completion. The deliverable is a written appraisal report documenting the scope, the development assumptions, the market evidence, and the value conclusion.
When clients need this service
Developers, owners, and lenders use new construction appraisals when financing or evaluating proposed or ongoing construction. For example, a developer seeking construction financing for a new office building may need an appraisal based on the plans and stated completion assumptions to support the loan decision.
What the analysis considers
The analysis considers the plans and specifications, the site and location, the stated development assumptions (including schedule and budget), market conditions at completion, and the applicable value definition. The cost approach and income approach are often relevant, but the approaches applied depend on the property type and available data. The conclusion depends on the development assumptions and is not a guarantee of completed value or financing.
Documents and information that may help
Not every item below is mandatory for every assignment. The records that matter depend on the property and the agreed scope; we will confirm what is needed during the initial discussion.
- Plans and specifications for the proposed construction
- Construction budget and schedule
- Site information and entitlements
- Pro forma or projected income, if income-producing
- Intended use and intended users of the appraisal
How the engagement works
We begin by discussing the project and the development assumptions to confirm scope and the effective date. After agreeing on scope, we review the plans, research market conditions, analyze the data, and deliver a written appraisal report stating the assumptions and conclusion. Scope, fees, and timing depend on the project's complexity.
New Construction Appraisals — Questions & Answers
Related commercial appraisal services
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Free Appraisal Quote
Tell us a little about your property and assignment. To help us scope the work, please include the property address, property type, assignment purpose, the relevant valuation date, and your requested completion date. We will review your details and reach out promptly.
503-926-6128- Accurate, unbiased opinions of value
- Confident decisions backed by real data
- Professionally defensible reports
- Direct access to your appraiser from start to finish
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Free Appraisal Quote
Contact Gold Rush Appraisal today for a free, no-obligation commercial real estate appraisal quote.