Warehouse & Industrial Property Appraisal

Warehouse industrial property appraisal in Indianapolis, IN

Warehouse industrial property appraisal in Indianapolis, IN

Most properties can be classified as either warehouses or manufacturing plants, with plants usually including some element of warehouse space for: storage of materials, finished products, and components of the fabricated product.

Manufacturing space can be subdivided into area that can accommodate a variety of manufacturing processes and is general purpose and specialty space that is designed to accommodate a specific manufacturing process.

With warehouse space an important component of any real estate that is industrial, it is worth paying attention to this property use. Evaluation of warehouse space includes the construction itself, the truck yard areas and the location of this house in relation to both providers of materials and components and to the recipients of their goods. Choosing qualified Indianapolis commercial real estate appraisers is an essential step in getting an accurate appraisal that provides you with a reliable commercial property valuation.

The configuration of warehouse space restricts the storage methods it is an integral and can adapt feature to consider. The spacing of the building’s columns cannot be altered and the storage system must fit within these limits.

Broad column spacing and a ratio of length to width for a warehouse in laying out the forklift aisles and storage space, Space of about two to one give the utmost flexibility to the user of the space.

Another crucial factor within the building are ceiling clear heights. Warehouse space is evaluated, not only in terms of cubic feet of storage space, but also in terms of square feet of building area. Warehoused goods can only be piled as high as the bottom of the ceiling joists. The clear height of the ceiling represents an integral component in the capacity of the warehouse.

The loading docks, along with the areas directly behind them and the truck yard areas facing them, are the upcoming features. There must be enough space between the dock doors and the saved goods for forklifts to maneuver. The paved truck yard area in front of the docks has to be big enough for trucks to back into and push away in the dock doors, even if doors are being occupied by other trucks.

Flush docks are both the most common and preferred type of Docks in many modern warehouses. Dock seals across the top and sides of the doors stop foul weather from leaking into the space between the dock doors and the trucks, dock levelers offer a smooth journey for the lift trucks from the warehouse floor into the truck beds, and bumpers stop the trucks from hitting the dock-height flooring or levelers.

Manufacturing space that has been specifically designed for a manufacturing process can pose a challenge. The space may be ideal for manufacturing operations that were current, but the value of this space to another user must be considered in appraising its market value. This might be a substantial source of diminution in its market value if another user wouldn’t have the ability to use the area as the current user.

Industrial properties’ evaluation requires a somewhat different set of skills than the appraisal of office, retail, or multi-family properties. The appraiser must have familiarity with warehouse and supply chain operations, the challenges that truck drivers face, and a basic knowledge of electrical systems.

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