Rhodes & Rickolt, P.A. offers commercial appraisal services for a variety of property types from horse farms to regional shopping centers, and everything in between. While commercial real estate is a broad term, commercial properties are generally characterized as income-producing and most non-single-family residential uses. We provide valuation services for many commercial property types including:

We offer appraisal services tailored to many valuation scenarios including market value, liquidation value, value in use, prospective values for proposed or renovation projects, retrospective values for estate planning, as well as many others.

Our commercial appraisal reports comply with the Uniform Standards of Professional Appraisal Practice (USPAP) regulations and can be tailored to your specific needs comprising a variety of reporting formats ranging from detailed analysis to verbal reporting. USPAP compliance and client privacy are high priorities for all assignments. In addition to USPAP, appraisal reports can be structured to comply with the Small Business Administration (SBA) standards. Where jurisdictional exceptions apply, we can provide appraisal reports that adhere to the Uniform Standards for Federal Land Acquisition (UASFLA), often referred to as "Yellow Book" standards for federal transactions.

Along with our appraisal services, clients will receive an appraisal report that effectively communicates the value conclusion. Our reports include all of the information necessary for readers to understand the valuation process, appraiser's rationale, and supporting information for the resulting conclusions. Reporting may include detailed descriptions of regional and neighborhood market analysis, subject property description, comparable sales and rentals, explanations of the appraiser's methodologies and analysis, and in-depth discussions providing confidence in the resulting value conclusions.
A market value appraisal is an essential tool for property owners, buyers, sellers, lending institutions, investors, and real estate Brokers. This valuation scenario provides the user with an opinion of value for the property that is relevant to the current market under normal buying conditions.

According to Uniform Standards of Professional Appraisal Practice (2014), Market Value is defined as "the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby:"

• Buyer and seller are typically motivated;
• Both parties are well informed or well advised, and acting in what they consider their best interests;
• A reasonable time is allowed for exposure in the open market;
• Payment is made in terms of cash in United States dollars or in terms of financial arrangements comparable thereto; and,
• The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

Valuing a property for sale based on a limited exposure period is the primary function of a liquidation value appraisal. This is available as a stand-alone assignment or as an add-on service for your market value appraisal (or other appraisal service). According to the Dictionary of Real Estate (Appraisal Institute), Liquidation Value is defined as "the most probable price which a specified interest in real property is likely to bring under all of the conditions below: Consummation of a sale will occur within a severely limited future marketing period specified by the client."

• Actual market conditions are those currently obtaining for the property interest appraised.
• The buyer is acting prudently and knowledgeably.
• The seller is under extreme compulsion to sell.
• The buyer is typically motivated.
• The buyer is acting in what he or she considers his or her best interests.
• A limited marketing effort and time will be allowed for the completion of a sale.
• Payment will be made in cash in U.S. dollars or in terms of financial arrangements comparable thereto.
• The price represents the normal consideration for the property sold, unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

Although market rental rate information is readily available in most of our market value appraisals, often landlords, tenants, and/or investors of commercial and residential properties require data regarding current lease rates and terms offered in the market. We have the expertise to provide these services.
Eminent Domain is defined as “the right of government to take private property for public use upon the payment of just compensation”. Eminent domain is typically exercised for new road construction or widening, placement of above and below-ground utilities, construction of drainage facilities, acquisition of air space, and the like. The measure of just compensation is aided by an appraisal of the property under eminent domain. We have been involved in eminent domain appraising since Rhodes & Rickolt, P.A. began in 1989 for governmental entities including the City of Ocala, Marion County, City of Inverness, Citrus County, and the Florida Department of Transportation, as well as a number of private property owners.
We have extensive experience in preparing appraisals for litigation purposes including foreclosure, deficiency judgments, bankruptcy, estate planning and taxes, creation of trusts, and divorce proceedings. Thomas E. Rhodes, MAI, SRA has been qualified as an expert witness in the 4th and 5th Judicial Circuits of Florida (Duval, Marion, Citrus , and Lake County), Marion County Court, Citrus County Court, and the Federal Bankruptcy Courts of the Middle Districts of Florida and Georgia. Joshua W. Scroggie has been qualified as an expert witness in the 5th Judicial Circuit of Florida (Marion, Citrus, and Alachua County).
The firm has prepared appraisals for a number of property owners that have challenged the assessed values of the Marion and Hernando County Property Appraiser’s Office. As well, Mr. Rhodes has served as a Special Master for Marion County.
One of the most important factors in the appraisal process is the conclusion of highest and best use. Often, owners/developers/investors require more intensive analysis of highest and best use in order to make prudent investment decisions. These expanded services can include rent structures, occupancy expectations, cost analysis, marketing and exposure time estimates, demographic information, competitor analysis, and future value expectations.

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