Grocery Store Appraisal Services


Pacific Ocean Marketplace Grocery Store- Aurora, CO

Grocery Store appraisal is a hybrid property type, as grocery stores typically are "big-box" anchors of retail shopping centers, but also, can be industrial warehouse type properties.

Because of the large square feet, the establishments require, their rents usually are lower than the other tenants who feed off the consistent traffic generated by the grocer. Grocery anchored shopping centers are one of the more stable retail properties, as there will always be a continual demand for food.

If the store is a freestanding or owner-occupied facility, making sense of the lower rent and in turn the value indication by the Income Approach is a challenge.

Other unique aspects of grocery store appraisal include the specialized equipment, such as refrigerated coolers and stainless food preparation machinery. Many of these assets can be removed, but some are a more permanent part of the real estate.

Finally, it is extremely important to consider the credit quality and profitability from on-going operations, as having a grocery store space "go dark," will have a significant impact on rental income and re-tenanting the space can be a very difficult proposition.

We offer Grocery Store Appraiser / Appraisal Services in Denver, Lakewood, Centennial, Commerce City, Wheat Ridge, Aurora, Littleton, Englewood, Lonetree, Longmont, Louisville, Loveland, Northglenn, Parker, Thornton, Westminster, Arvada, Boulder, Brighton, Broomfield, Castle Rock, Golden, Greenwood Village, Highlands Ranch, Lafayette and the entire Denver Metro area