Standard Asset Types

Shopping Center Appraisal

Overview

Shopping Center Appraisal – Retail appraisals are unique because the value of the property is closely tied to the revenue the space can produce. The purpose of retail real estate is primarily to generate retail sales. Rents and values in retail are directly tied to sales. Valuations of retail real estate have the following uses: Reporting for IFRS – NIIF, bank loans, buying or selling, and for internal decision making.

Types

  • Regional shopping centers
  • Super-Regional shopping centers
  • Neighborhood shopping centers
  • Stand-alone retail
  • Lifestyle shopping centers
  • Street retail stores

Approaches, Relevance

  • Cost
  • Sales comp or market approach
  • Income capitalization
  • DCF

Value Impacting Factors

Traffic, sales – traffic often determines how much sales a retail space can produce.

Visibility – tenants sometimes pay for visibility, which helps build brand recognition and eventually translates to sales


Important Inputs

  • Rent, rental growth
  • Rent as % of sales
  • Tenant credit quality

Recent Trends

  • E-commerce, and its impact on retail.
  • Pandemic and its impact on retail traffic and formats – especially regional malls.
  • Proportional increase in space in retail centers used as entertainment.

Deliverable

Narrative Appraisal Report

A. Value impacting considerations – summary

B. Purpose, scope, limitations of the report

C. Land description

D. Improvement description

E. Scope of work

F. Highest and best use

G. Approaches to value

H. Reconciliation

I. Certification statement

Notable Markets

 

Colombia Mexico Peru CR-CA
1 Bogota, 26 Ave DF, Polanco Lima, Miraflores San Jose, Escazu
2 Bogota, Chico DF, Santa Fe Lima, San Isidro Panama City
3 Medellin, Ave. Poblado Nuevo Leon, Monterrey Lima, Santa Cruz Guatemala

Leadership Team

Leadership Across Latin America's
Principal Markets.

Other case studies

ARGUS Enterprise helps attract real estate investors to latin america

LOGAN Valuation championing software as key to evolution Business Challenge Robert and Bryan Dragoo founded LOGAN Valuation.

Latam Logistic Properties – Industrial Market Study Colombia, Peru

Project Leaders: Diego Rodríguez Rueda MRICS, Paola Raba Need The client needed to understand and keep track of the dynamics of the logistics.

Local teams. Regional standards.
One point of contact.

81st Street # 11-55, Ochenta 81 Building, North Tower, 6th Floor, Office 601, Bogotá, Colombia

Email: adminCO@loganvaluation.com
Phone: +57 (601) 467-4717
Hours: M - F 8.00 am - 5.30 pm

217 Mayor Armando Blondet Street, Office 901, San Isidro, Lima, Peru

Email: adminPE@loganvaluation.com
Phone: +51 (1) 702-7126
Hours: M - F 8.00 am - 5.30 pm

San Rafael de Escazu, District 4 North Coast – Amara CC, Office 408, 10203, Costa Rica

Email: AdminCA@loganvaluation.com
Phone: +506 4010-0565
Hours: M - F 8.00 am - 5.30 pm

Plaza Villa de Madrid No. 1, 10th Floor – Office “C,” Roma Norte, Cuauhtémoc, ZIP Code 06700, Mexico City, Mexico

Email: adminMX@loganvaluation.com
Phone: +52 (55) 9303-5017
Hours: M - F 8.00 am - 5.30 pm

86 Rafael Augusto Sánchez Street, Roble Corporate Center, 7th Floor, Office 10148, Santo Domingo, Dominican Republic

Email: adminCB@loganvaluation.com
Phone: +1 (849) 936-3683
Hours: M - F 9:00 am - 6:30 pm

Av. El Golf 40, 12th Floor, Las Condes, Santiago, 7550107

Email: AdminCH@loganvaluation.com
Phone: +56 (2) 2485-1345
Hours: M - F 8.00 am - 5.30 pm

Calle A-1, Urb. El Parque. Delta Tower, 6th Floor, Office No. 6-E, Barquisimeto, Lara State, Venezuela

Email: AdminVE@loganvaluation.com
Phone: +58 0424-5344823
Hours: M - F 8.00 am - 5.30 pm

Diagonal 6, 10-50, Zone 10, Interamericas Building, North Tower, Office 1601, Guatemala City, Guatemala

Email: adminCA@loganvaluation.com
Phone: +502 2294 4393
Hours: M - F 8.00 am - 5.30 pm