Are you looking for a commercial real estate appraiser with expertise in the appraisal of airports and airport-related real estate assets?  You have come to the right place.  The appraisal of airports and airport-related assets requires specialized training and experience above and beyond that which is generally obtained from most commercial real estate appraisers that are familiar with more straightforward commercial real estate appraisal projects.

Depending on the size of the airport being appraised there may be a need to evaluate various factors including:

• Revenue Streams from various income sources, these may include:  apron fees, take-off and landing fees, hangar rentals, retail leases, ground leases, fueling fees, maintenance fees, and many others.

• Zoning, planning department, and legal limitations on the use of the airport.

• Trends in the airport industry: regionally, nationally and internationally depending on the property.

• Competition from other airports.

• Geographical limitations of the airport including runway length, direction, ability to expand facilities, or extend runways.

• A study of area amenities: proximity to major urban areas; car rental facilities, hotels, and major tourist attractions to name a few.

Eric L. Risberg, ASA has provided this service to clients in this specialized industry for over 15 years.  He also has established relationships with airport owners, operators and aviation attorneys in the industry should the project require an expanded team approach or additional due diligence.

Depending on the purpose of the appraisal a detailed look at the three traditional approaches to value may be warranted.  These comprise the income capitalization approach, sales comparison approach, and the cost approach to value.  Depending on the ownership interest being appraised, a partial interest valuation may also be required. 
 

f you are looking to have an airport appraised or any portion of real estate associated with an airport, please contact Eric L. Risberg, ASA, the owner of Advanced Appraisal International for a free initial consultation and fee quote.  You may either call Eric at 415-531-1414, or fill out our convenient short and confidential form that goes to him directly, via his email, within several minutes at http://www.advanced-appraisal.com/order.htm

Updated June 18, 2010.