Stein Valuation, Inc.
Real Estate Appraisals & Consultation
Apartment Building Appraisal Tool
There is a website out there that advertises an appraisal of your apartment building, yet produce nothing other than a value based on a simple direct capitalization approach to value for an apartment building. In their terms of service, they make it very clear that what you get is without value, yet they persist in charging for their "appraisal" of your property when it is nothing of the sort.
They ask you to input the apartment building's income and expense details. Once done, they apply a cap rate to the resulting net operating income and pop out a value for the property. For this "service" they charge approximately $25.00.
The following apartment building valuation tool does exactly what that other site does, only without charge!
The following tool mimics the direct capitalization approach to value that an appraiser would utilize in the appraisal of apartment buildings. After inputting your property's income and expenses, you will need to select the most appropriate cap rate for your property. Once done, the calculator will divide the apartment building's net operating income by the cap rate which will result in a value for the apartment building.
Fill in all the boxes number values. Use "0" for nothing and whole numbers for percentages, i.e. 5.5 equals 5.5 percent. Most importantly, if you think you need an appraisal of your apartment building, we at Stein Valuation Inc. stand ready to assist.
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