Office AVM Survey

Location
Building
Area
Nbrhood
$

Location

Answer as many of these questions as you can. The more you can answer with accuracy, the more accurate the valuation will be.

What is the address of the property you want to value?

Country:

State:*

Metropolitan Area:*

Number/Street:* /

City or Town:*

Building

Check off any that apply about the office space.

Standard office finishes (mostly carpeted floors, painted drywall walls, suspended ceilings)

New carpet

Carpet needs replacement

Wood floors

Damaged ceiling tiles

Low cost trim and doors

High quality trim and doors

Space quality

Low quality space

Average quality space

High quality space

Lavatories

Good quality lavatories (new, ceramic tile)

Average quality lavatories (vinyl tile)

Inferior lavatories (need updating)

Exterior

Attractive exterior

Average exterior

Unattractive exterior

Lobby

No lobby

Average lobby

Good lobby (stone tiles, double height, etc.)

Elevator

Building has elevator

Landscaping

Good landscaping

Stories

Low-rise (1 or 2 stories)

Mid-rise (3 to 6 stories)

High-rise (7+ stories)

Parking

Adequate parking on-site

Public parking nearby

No parking or minimal parking

Water

Municipal water

On-site drinking water well

Don't know

Sewer

Municipal sewer

On-site septic disposal system

Don't know

Area

What is the area of the building, in square feet?

Advice: The building area is the area that is finished off as office space, corridors, and walls. It is calculated from the building's exterior measurements. If a building measures 30' x 50' on the outside, and if it has three stories, then its area is 30x50x3, which is 4,500 square feet. Exclude unfinished basements and attics. Exclude unheated porches. Exclude garages. Exclude decks.

If you need help finding an online source for the building's measurements, click here.

You can enter the amount with or without commas or decimals. For example, these are all valid formats: 4500 or 4,500 or 4,500.00.

Square Feet:

Neighborhood

Check off any that apply about the neighborhood.

Location

Suburban office park

Financial district of central city

Suburban downtown

Other

Nearby

Nearby office building(s)

Restaurant(s) within 5 minutes on foot

Attractiveness

Attractive neighborhood

Unattractive neighborhood

$ - Financial

Tenants

Building has one occupant (either tenant or owner)

Two occupants (tenants including owner)

Three or more occupants (tenants including owner)

Vacancy

Building is vacant

Part vacant

Full

Would a new owner be able to take occupancy of 50% or more of the building?

Yes

What is the Market Rent, overall, for space in this building? (This will help us give you a more accurate Value Output. This is a rate per square foot per year. This might be the same rate that other owners are getting for similar space nearby - say, $12.00 per foot, or $20.00 per foot.)

Please use a decimal format, e.g. 12.00, 13.50

Don't Know

If the building has other sources of income (billboards, antennas, parking that is rented separately, etc.), how much does it add up to per year?

Don't Know

**Answer this question only if you input the Market Rent in the preceding question.

If they were paying market rent, would the tenant(s) make additional payments for some or all of the building's expenses? (This is typical in net leased buildngs or "triple net" leased buildings where the tenant(s) pay for utilities, real estate taxes, insurance, and, sometimes, maintenance, or other expenses.)

Don't know

Yes, for these

Electric

Heat

Water and/or sewer

Real estate taxes (100% by tenants)

Property Insurance

Maintenance (trash removal, slow plowing, repairs, etc.)

Management

If you know any of the operating expenses, enter them here. (A good source of the information would be a broker's listing sheet or, if you're the owner, last year's tax return.) If you don't have them, leave the boxes empty.

Real estate tax (annual bill)

Property insurance premium (annual)

Heat (annual)

Electricity (annual)

Heat is electric

Water and sewer bill (annual)

Maintenance and repairs (annual) - trash removal, snow removal, repairs, extermination, cleaning, security, supplies, maintenance staff salaries, etc.

Management (the fee paid to a building management company, if any)

Administrative costs (legal, accounting, broker, advertising, etc.)