A commercial appraisal usually takes 2 to 6 weeks from start to finish.
The timeline depends on:
- Property size & complexity – A small retail space is faster than a multi-building industrial park.
- Data availability – If financials, leases, and comparable sales are hard to obtain, it slows things down.
- Appraiser workload – Busy markets may cause delays.
- Scope of work – A simple “restricted-use” appraisal is quicker than a full narrative appraisal.
👉 In short:
- Simple properties: ~2–3 weeks
- Complex properties: ~4–6 weeks
Here’s a simple table showing typical commercial appraisal timelines by property type:
| Property Type | Typical Appraisal Time | Notes |
|---|---|---|
| Small Office / Retail | 2–3 weeks | Straightforward, fewer tenants, easier comps |
| Industrial / Warehouse | 3–4 weeks | Depends on size, condition, and lease complexity |
| Multi-Family (Small) | 2–3 weeks | 2–50 units, limited complexity |
| Multi-Family (Large) | 4–6 weeks | 50+ units, may require income analysis, rent rolls, inspections |
| Hotels / Resorts | 4–6 weeks | Revenue, occupancy, and operational data increase time |
| Mixed-Use | 4–6 weeks | Combines residential, retail, or office; more data and analysis needed |
| Special Purpose (schools, hospitals, etc.) | 4–8 weeks | Complex valuation, often requires expert consultation |
Key takeaway: The more complex and unique the property, the longer the appraisal will take.
Related
What is a commercial appraisal?