Independent Appraisal Values

Commercial Real Estate Appraisals

Accurate, timely and cost-effective commercial appraisal and real estate consulting support.

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AACI / P.App. expertise
Professional commercial appraisal support.
CUSPAP-compliant reports
Prepared for formal business and legal use.
Victoria & Vancouver Island
Local market knowledge with regional coverage.
Commercial property focus
Retail, office, industrial, multi-family, strata, and land.
Malahat Valuation Group

Commercial Real Estate Appraisals

Malahat Valuation Group provides commercial real estate appraisal and real estate consulting services to businesses throughout Victoria and southern Vancouver Island. We are committed to delivering clear, well-supported valuation advice that is accurate, timely, and cost-effective.

 For businesses that own commercial real estate, understanding the value of those assets is an important part of making informed financial and strategic decisions. A credible, independent appraisal provides confidence that those decisions are supported by sound market evidence and can withstand scrutiny from lenders, the Courts, the Canada Revenue Agency, and other interested parties.

 Through a combination of in-house expertise and established professional partnerships, Malahat Valuation Group has experience with both conventional and complex commercial real estate matters. Our work encompasses a broad range of property types, including office, retail, industrial, multi-family residential, mixed-use, development land, investment properties, and specialized or special-purpose real estate.

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Service Areas

Commercial Real Estate Appraisals Services

Purchase and sale

Independent valuation services to support informed purchase and sale decisions for commercial real estate assets across a wide range of property types.

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Independent Valuations
Certified Appraisers

Mortgage financing

Appraisals prepared for mortgage financing purposes to assist lenders and borrowers in evaluating collateral value and financing requirements.

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Independent Valuations
Certified Appraisers

Tax purposes

Valuation reports completed for income tax planning, CRA compliance, capital gains assessments, and other taxation-related matters.

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Independent Valuations
Certified Appraisers

Corporate re-organizations

Commercial real estate appraisals prepared in support of corporate restructuring, shareholder transactions, and related organizational changes.

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Independent Valuations
Certified Appraisers

Litigation support

Independent appraisal and expert support services for legal proceedings, disputes, arbitration matters, and other litigation-related requirements.

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Independent Valuations
Certified Appraisers

Assessment review and appeal

Valuation analysis and appraisal reports to assist property owners with assessment reviews and property tax appeal matters.

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Independent Valuations
Certified Appraisers

Rental valuations

Market rental valuation services for commercial, industrial, and investment properties to support leasing, negotiations, and portfolio analysis.

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Independent Valuations
Certified Appraisers

Insurance appraisal

Replacement cost and insurance appraisal services to assist property owners and insurers in establishing appropriate coverage levels.

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Independent Valuations
Certified Appraisers

Depreciation reports

Depreciation and allocation reports prepared to support accounting, financial reporting, and taxation requirements related to real estate assets.

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Independent Valuations
Certified Appraisers

Expropriation

Valuation services related to expropriation matters, including compensation analysis and support for partial or full property takings.

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Independent Valuations
Certified Appraisers

Estate planning

Commercial real estate appraisals prepared for estate planning, estate settlement, and intergenerational transfer purposes.

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Independent Valuations
Certified Appraisers

Appraisal review

Independent review services to evaluate the accuracy, methodology, and reasonableness of third-party appraisal reports.

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Independent Valuations
Certified Appraisers

Development project feasibility

Feasibility and valuation analysis for proposed development projects, including market considerations, highest and best use, and project viability assessments.

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Independent Valuations
Certified Appraisers

Sub-division and land assembly

Valuation and advisory services for subdivision and land assembly projects, including highest and best use analysis, development potential considerations, and support for acquisition, planning, and redevelopment decisions.

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Independent Valuations
Certified Appraisers
From Our Clients

Testimonials

★★★★★

"I would most certainly refer to others"

My experience with Malahat Valuation Group was excellent. I received the answers I sought in a timeline and detailed manner. Further, I experienced a personable connection wherein I felt valued not only as a customer, but also a human being. If not for this valuation, I may have made a monumental mistake in letting go of my business for the benefit of another, larger organization.

Amanda Owner

★★★★★

"A solid base for price negotiations"

I used Malahat Valuation for a business acquisition; their advice and support made me much more confident and clear about my offer. It gave me a solid base for the price negotiations. I have no hesitation in recommending them to other buyers or sellers.

Charles

★★★★★

"Impartiality was evident throughout the process"

A delicate valuation done professionally and well. It was very helpful to have the real estate valuation done by the same company to streamline the valuation process. Impartiality was required and was evident throughout the process.

Anne Owner

★★★★★

"Prompt and professional service"

I would very much like to thank you for your prompt and professional service in valuation of our business. Your process was clear and relatively easy, your report provided me with a realistic idea of what my business is worth.

K. Zanetti Owner

How clients engage

Our process

1

Property Inspection & Information Gathering

We conduct a thorough on-site inspection to assess the property’s physical characteristics, condition, quality, functionality, and overall utility, while documenting the features and improvements relevant to its value.

2

Market Research

We research and analyze relevant market data, including comparable sales, leasing activity, zoning, and broader market conditions, to understand the property’s market position and key value influences.

3

Valuation Analysis

We apply the most appropriate valuation methods, analyze the available evidence, and reconcile the results to arrive at a well-supported opinion of value.

4

Final Certified Appraisal Report

We complete a final review of the analysis and supporting information before issuing a clear, professionally prepared Certified Appraisal Report for its intended use.

Aleksandra Bednarz

AACI, B.Sc, P.App

Commercial Real Estate Appraiser
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Whether you need a business valuation, commercial appraisal, equipment appraisal, or succession support, please fill out the form below to get started.

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Frequently Asked Questions

FAQ

Do you provide appraisal reviews?

Yes. Appraisal review assignments may be appropriate when a client, advisor, lender, or legal professional needs an independent review of another valuation report. The scope depends on the purpose of the review and the questions that need to be addressed.

Is BC Assessment the same as an appraisal?

No. BC Assessment values are prepared for property taxation using mass appraisal methods and may not reflect the specific purpose, effective date, property rights, assumptions, or level of analysis required for a private commercial appraisal. A formal appraisal is prepared for a defined client, intended use, and effective date.

What is the difference between market value, market rent, and replacement cost?

Market value generally relates to the value of a property interest as of a specific effective date. Market rent estimates the rent a property or space could command under typical market conditions. Replacement cost relates to the cost to replace improvements and is often relevant for insurance-related purposes. These are different questions and may require different approaches, assumptions, and reporting.

Can your report be used by my lender, accountant, lawyer, or the CRA?

Our reports are prepared for the authorized client, intended users, and intended use identified in the assignment. If a lender, accountant, lawyer, the CRA, a court, or another party needs to rely on the report, that reliance should be discussed before the assignment begins so the report can be scoped appropriately.

Is a site visit required?

A site visit is usually required or recommended, depending on the assignment type, property, and intended use of the report. During the quote process, we will confirm what level of inspection is appropriate and whether any access arrangements are required.

What documents do you need to start?

Helpful documents may include the rent roll, leases, operating statements, floor plans, building areas, site plans, title information, tax notices, recent offers or agreements, prior appraisals, environmental or building reports, and any documents related to the intended use of the appraisal. Not every assignment requires all of these documents.

How long does a commercial appraisal take?

Timing depends on the complexity of the property, the intended use of the report, access to the property, and the availability of market data and documents. If you have a deadline for financing, tax, legal, or transaction purposes, please let us know when requesting a quote.

How much does a commercial real estate appraisal cost?

Fees vary depending on the property type, complexity, intended use, reporting requirements, timeline, and availability of information. A straightforward commercial assignment may require a different scope than a litigation, expropriation, rent, development feasibility, or portfolio valuation assignment. To provide a quote, we typically need the property address, property type, intended use, deadline, and any relevant documents.

What areas do you serve?

Our main service area is Southern Vancouver Island, including Victoria, Nanaimo, Courtenay, Comox, and the Gulf Islands. We also undertake portfolio valuation work throughout Western Canada where appropriate.

What types of commercial properties do you appraise?

We appraise a range of commercial and investment properties, including retail, office, industrial, multi-family, strata, mixed-use, and other commercial buildings. If your property is unusual or specialized, contact us with the property address and intended use so we can confirm whether the assignment is within our scope.

When do I need a commercial real estate appraisal?

You may need a commercial appraisal when a property value must be supported by an independent, well-documented analysis. Common reasons include financing, purchase or sale decisions, tax planning, corporate reorganizations, estate matters, litigation support, market rent disputes, assessment appeals, expropriation, insurance-related valuation, or internal business planning.

What is a commercial real estate appraisal?

A commercial real estate appraisal is an independent opinion of value prepared for a specific property, purpose, and effective date. It may be required for financing, purchase and sale decisions, tax planning, corporate reorganizations, litigation support, estate planning, market rent analysis, insurance-related matters, or other business decisions.