The cost of a commercial property appraisal depends on the type, size, and complexity of the property. Most standard commercial appraisals cost $2,000–$5,000, while specialized properties can cost $10,000 or more. Land appraisals are usually cheaper.
| Property Type | Typical Cost Range |
|---|---|
| Standard Commercial Property | $2,000 – $5,000 |
| Specialized/Complex Property | $5,000 – $10,000+ |
| Commercial Land | $600 – $1,250 |
Most appraisals take 2–6 weeks to complete. Costs can vary based on location, property size, and purpose of the appraisal.
🗺️ Average Commercial Property Appraisal Costs by State
| State | Average Appraisal Cost |
|---|---|
| California | $3,000 – $7,500+ |
| Texas | $2,500 – $5,000 |
| New York | $3,000 – $6,000 |
| Florida | $2,500 – $5,000 |
| Illinois | $2,500 – $5,000 |
| Georgia | $2,500 – $5,000 |
| Washington | $3,000 – $6,000 |
| New Jersey | $3,000 – $6,000 |
| Kentucky | $2,500 – $5,000 |
| Ohio | $2,500 – $5,000 |
Note: These ranges are based on available data and may vary depending on specific property types and complexities.
💡 Key Takeaways
- Average National Cost: Commercial appraisals generally range from $2,000 to $5,000, with more complex properties potentially exceeding $10,000.
- Regional Variations: Appraisal costs can be higher in states with higher costs of living or more complex property markets.
- Factors Influencing Cost: Property size, location, complexity, and purpose of the appraisal (e.g., financing, tax assessment) can all impact the final cost.
Related
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