Airports and
Aviation-Related
Real Estate
Assets
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.
Depending on the
size of the
airport, and the
scope of work
required by the
assignment, 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,
MAI, ASA, the
founder of our
company, 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.
If you are
looking to have
an airport
appraised or any
portion of real
estate associated
with an airport,
such as hangars,
land, buildings,
maintenance
facilities and
many other
assets, please
contact Eric L.
Risberg, MAI,
ASA, for a free
initial
consultation and
a fee quote. You
may either call
us at 415-531-1414, or,
fill out the
convenient and
confidential
short form
on our web site
and you will
receive a call
from us in a
couple minutes.
Advanced Appraisal International, Inc. is a San Francisco Bay Area-based commercial real estate appraisal firm that has valued billions of dollars of real estate across the United States and has conducted services internationally. With nearly 20 years of experience, and an MAI and ASA accredited professional staff, the firm is one of the most innovative and experienced in all aspects of the most complex real estate and corporate valuation assignments. Copyright 1995-2010. Last Updated November 7, 2010.