Do you know the value of your assets? . . .

 

. . . we can help you with that question.

 

Real Estate Appraisals

 

Commercial, Industrial, Multi-Family & Agricultural

 

Services Available in Plainfield

& Surrounding Area

 

We are certified appraisers and consultants headquartered within the Indianapolis Metro Area.  We are available for real estate appraisal assignments within the Plainfield Area.  Through our relationship with Yeager Properties we have access to conference room space in the Plainfield area to meet with clients and service their appraisal & valuation consulting needs. Our satellite facility within the Plainfield area and our headquarters are located at the following addresses.

Plainfield Satellite Location

2680 E. Main Street

Plainfield, Indiana  46168

 

Corporate Headquarters - Downtown Indianapolis

101 West Ohio Street, Suite 2000

Indianapolis, Indiana  46204

 

Northside Office - Noblesville

23 South 8th Street, Suite 3300

Noblesville, Indiana  46060

 

 

Office (317) 216-8601 or (800) 373-1210

(Answered During Business Hours 8AM to 5PM EST)

 

Mobile (317) 716-1444 or (800) 736-5063

(Answered During and Outside Business Hours)

 

Fax (317) 216-5584 or (800) 229-5143

 

Click Here to Email Us (info@s-vr.com) 24/7 for a Free Consultation

 

The assignments we accept involve commercial, industrial, multi-family & agricultural properties. 

Property types for which we offer appraisal services include the following.

Commercial 

● Single-Occupant Office
● Multi-Tenant Office
● Free-Standing Retail
● Multi-Tenant Retail
● Hotels & Motels

● Land

Industrial 

● Manufacturing Facilities
● Warehousing Facilities
● Agricultural Facilities

● Land

Multi-Family 

● Apartment Complexes
● Apartment Buildings
● Mobile Home Parks

Agricultural

● Grain & Seed Facilities
● Specialty Farm Operations
● Cash Rent & Owned Crop Land

 

Real estate appraisals are ordered for a variety of intended uses. Some of these demands may include.

● Accounting & Financial Reporting

● Acquisitions & Mergers

● Buy / Sell Agreements
● Corporate Planning
● Divestitures
● Estate Planning Matters

● Estate Tax Matters

● Financing / Loan Collateral
● Gift Tax Matters

 

Depending upon the situation surrounding the need for the appraisal. The value concept researched and estimated may be one of the following.

● Market Value
● Fair Market Value
● Fair Value
● Investment Value
● Liquidation Value

USPAP Compliant, Competent & Certified
Our professionals are USPAP (Uniform Standards of Professional Appraisal Practice) compliant , competent and certified.  Team members have taken real estate appraisal courses through recognized organizations including the Appraisal Institute.  Various team members hold certifications from recognized professional organizations such as the National Association of Real Estate Appraisers.  All team members hold state licensing, including to the level of certified general.  Team members have developed competency in the property type they analyze & service provided.  All reports are certified by an accredited individual holding a certified general license.

The education and experience of our team members exceeds the voluntary "Appraiser Minimum Qualification Criteria" adopted by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation for each respective area of practice.  Since we are USPAP (Uniform Standards of Professional Appraisal Practice) certified, our reports are completed in accordance with these guidelines.  We are required to re-certify in USPAP content on a periodic schedule.

Client Confidentiality
Clients are always concerned with the confidentiality of their records and assignment results. As accredited  appraisers and members of various professional organizations, we are bound by the confidentiality clause of the Uniform Standards of Professional Appraisal Practice (USPAP).  USPAP requires that we maintain the confidentiality of all conversations, documents provided to us and the contents of our reports subject to legal or administrative processes or proceedings.

Qualifications of Principal
The principal of Schreiner Valuation Resources is Bill Schreiner of Indianapolis, Indiana.  In addition to assignments he undertakes directly, Mr. Schreiner also markets services and manages engagements performed by various associates.  A brief listing of his qualifications are noted below.  A more detailed CV is available upon request.

Bill Schreiner
●  MSA Master Senior Appraiser Designation in the real property discipline from the National Association of Master Appraisers.
●  CCRA Certified Commercial Real Estate Appraiser Designation from the National Association of Real Estate Appraisers.

●  Certified General Appraiser License from the State of Indiana Professional Licensing Agency.

●  Real estate appraisal & consulting courses taken through the Appraisal Institute and other nationally recognized organizations.

●  CAGA Certified Member Designation in the personal property discipline from the Certified Appraisers Guild of America.

●  Machinery & equipment and personal property appraisal courses taken through the American Society of Appraisers and other nationally recognized organizations.

●  BCBA Board Certified Business Appraiser Designation from the National Society of Appraiser Specialists.
●  Business valuation courses taken through the National Association of Certified Valuation Analysts and other nationally recognized organizations.

●  Management Certificate from Loyola University, School of Business Administration, Chicago, Illinois.
●  Over twenty-three (23) years of diverse experience in the appraisal & valuation consulting profession.

●  Previously held the position of Senior Appraiser in a regionally based accounting & consulting firm.
●  United States Marine Corps Veteran (Honorable Discharge from Active Duty and Service-Connected

    Disabled Veteran Rating from the Department of Veterans Affairs).

 

Qualifications of Key Associates
Mr. Schreiner's key associates within the real estate section of his practice include Frederick Gulmire & Jason Snider.  Messrs. Snider & Gulmire undertake and assist in various types of appraisal & valuation consulting assignments.  A brief listing of their qualifications are noted below.  More detailed CVs are available upon request.

Frederick Gulmire
●  Residential Appraiser License from the State of Indiana Professional Licensing Agency.
●  Auctioneer License from the State of Indiana Professional Licensing Agency.

●  ASCA Certified Member Designation in the personal property discipline from the Auctioneers Society of Certified Appraisers.

●  Real Estate Sales License from the State of Indiana Professional Licensing Agency.
●  Bachelor of Science Degree From Ball State University.

 

Jason Snider

●  Trainee Appraiser License from the State of Indiana Professional Licensing Agency.
●  Real Estate Sales License from the State of Indiana Professional Licensing Agency.
●  Bachelor of Science Degree From Indiana University.

 

Qualifications of Other Associates
Additional associates located through-out Indiana are brought in on a case-by-case basis for specific assignment requirements.  These associates include licensed, certified & designated real estate appraisers.  Detailed CVs will be provided on any other associates attached to a particular assignment.

Appraisal Methodology
The appraisal process in relation to real property is the orderly program in which the data used to estimate the value of the subject property are acquired, classified, analyzed, and presented. The first step in the process is to define the appraisal problem - i.e., identify the real estate, the effective date of the value estimate, the property rights being appraised, and the type of value sought.  Once this has been accomplished, the appraiser collects and analyzes the factors that affect the value of the subject property.  These factors are addressed in the economic (general economy, regional economy, area economy, neighborhood & property sector) analysis, the subject property analysis, the highest & best use analysis, and in the application of the applicable approaches to value (i.e. cost, sales comparison & income approaches).

The cost approach to value involves two (2) sub-approaches. The value of the subject site must first be estimated in this approach.  Typically, a sales comparison technique is utilized to estimate the value of the land as though vacant.  The appraiser gathers data on sales of comparable sites and analyzes the nature and conditions of each sale, making logical adjustments for dissimilar characteristics.  For land value, the unit of comparison is usually price per square foot or price per acre.  The cost approach continues with accrued depreciation being deducted from the replacement cost new of the improvements.  This figure is then added to the land value to indicate the value of the whole property.  The replacement cost new of the improvements is estimated based on current prices for component parts of the building less depreciation, which is computed by analyzing the disadvantages or deficiencies of the existing building as compared to a new building.

The sales comparison approach is used to estimate the value of the property as improved.  The appraiser gathers data on sales of comparable improved properties.  The appraiser then analyzes the nature and conditions of each sale, making logical adjustments for dissimilar characteristics. Typically, a common denominator is found.  For most improved properties, it may be price per square foot, price per unit, or a gross income multiplier.  The sales comparison approach produces a good indication of value when sales of similar properties are available.

The income capitalization approach is predicated on the assumption that a definite relationship exists between the amount of income a property can earn and its value.  In other words, value is created by the expectation of benefits to be derived in the future.  In this approach, the anticipated annual net operating income of the subject property is processed to produce an indication of value.  Net operating income is the income generated after payment of typical operating expenses, but before payment of any debt service.  Income is converted into value through capitalization in which net operating income is divided by a capitalization rate.  Factors such as risk, time, interest on the capital invested, and recapture of the depreciating asset are considered in selecting the capitalization rate.  The appropriateness of this rate is critical, and it may be developed in various ways.

The final step in the appraisal process is the reconciliation or correlation of the value indications.  In the reconciliation, the appraiser considers the relative applicability of each of the approaches used, examines the range of the value indications, and gives the most weight to the approach that appears to produce the most reliable solution to the appraisal problem.  The purpose of the appraisal, the type of property, and the adequacy and reliability of the data are also analyzed and considered in assessing the appropriateness of each approach to value.  To apply the developed approaches to value, information pertaining to the value of the subject property must be derived from the market because the appraiser seeks to anticipate the actions of buyers and sellers in the market.

Depending upon the situation surrounding a valuation and the data available.  We will help you sort through this methodology to a clear understanding of the value to be estimated and the approaches to be applied.

The types of data we utilize in the performance of real estate appraisals vary widely depending upon the specific appraisal problem.  These sources include the following.

● Co-Star (Lease & Sale Comparables).

● Loopnet (Lease & Sale Comparables).

● Appraiser Shared Databases (Lease & Sale Comparables).

● Realtor (MLS) Shared Databases (Lease & Sale Comparables).

● Marshall & Swift Data (Replacement Cost & Depreciation).

● Reis (Rent, Vacancy & Occupancy Information).

● Smith Travel Research (Revenue & Occupancy Information).

● IREM (Income & Expense Information).

● First Research (Industry Information).

● Realty Rates (Cap Rates, Interest Rates & Replacement Reserves).

● RERC (Market Statistics, Cap Rates, Equity Yields & Discount Rates).

● Public Records (assessment & transfer records).

 

We subscribe to numerous print media and online databases for real estate information & data.  Our resources for this data are always expanding, given the reach of the information age.  This all goes together to form a solid basket of market information to form the basis of estimated values.  Each of our written reports will list the specific references for the engagement that were relied upon in the performance of the appraisal analysis.

A few years back USPAP (Uniform Standards of Professional Appraisal Practice) was modified to do away with the former definitions of the type of appraisal undertaken (i.e. "limited" or "complete").  The new standard involves the "scope of work rule" in which a client and an appraiser must mutually agree upon a scope of work that is adequate for the assignment and will produce credible results.

Of course, the appraiser is charged with the responsibility of final determination on what is required to produce credible results.  So an appraisal analysis may involve only one (1) approach to value, two (2) approaches to value, or all three (3) approaches to value.  It is all variable on the particular appraisal problem, the subject property type, and the market data available for the assignment.

There are three (3) basic types of written appraisal reports produced for commercial & industrial real estate valuation assignments.   These include the following; 1) the "restricted-use" narrative report, 2) the "summary" narrative report, and 3) the "self-contained" narrative report.  Of these, the most commonly ordered are the "summary" narrative and the "restricted-use" narrative reports.

A "restricted-use" narrative report presents "summary statements" and "basic illustrations" relative to the data, reasoning, and analyses that were used in the appraisal process to develop the opinion of value.  Supporting documentation concerning the data, reasoning, and analyses are typically enclosed within the file for the assignment.  This report is suitable for "internal uses only" by the named client.  It is not suitable for intended uses where third party users may need to review the report.

A "summary" narrative report presents "summary discussions & illustrations" of the data, reasoning, and analyses that were used in the appraisal process to develop the opinion of value.  Supporting documentation concerning the data, reasoning, and analyses are typically enclosed within the addenda of the report (and more fully documented in the the file for the assignment).  This report is suitable for a number of intended uses and is appropriate when third party users may need to review the report.

A "self-contained" narrative report presents "detailed discussions & illustrations" of the data, reasoning, and analyses that were used in the appraisal process to develop the opinion of value.  All supporting documentation concerning the data, reasoning, and analyses are enclosed within the body and addenda of the report.  This report is suitable for a number of intended uses and is appropriate when third party users may need to review the report.

Fees & Timing
Typical fees for assignments can range widely dependent upon the scope of the analysis, type of property and type of report.  An indication of typical fee ranges in noted as follows.

● Single occupant properties - restricted use narrative report ($500 to $1,500).

● Single occupant properties - summary narrative report ($1,500 to $3,500).

● Single occupant properties - self contained narrative report ($2,500 to $6,000).

● Multi tenant properties - restricted use narrative report ($1,000 to $5,500).

● Multi tenant properties - summary narrative report ($2,500 to $6,000).

● Multi tenant properties - self contained narrative report ($3,500 to $8,000).

 

Timing for completion of assignments can range from a few days to a month, dependent upon the complexity of the engagement.  We can provide a solid fee & timing quote with some basic information about the appraisal problem and property to be valued.

Disabled American Veteran Owned - Schreiner Valuation Resources (SVR) is a Disabled American Veteran owned business.  Bill Schreiner, who owns 100% of Schreiner Valuation Resources is; 1) an Honorably Discharged Veteran of the United States Marine Corps, 2) has a Service Connected Disability rating from the Department of Veterans Affairs (VA), 3) is a member of the Disabled American Veterans (DAV) organization, and 4) is a member of the National Veteran Owned Business Association (NaVOBA).

Schreiner Valuation Resources, LLC

Mobile Telephone (800) 736-5063 or (317) 716-1444

Office Telephone (800) 373-1210 or (317) 216-8601

Facsimile (800) 229-5143 or (317) 216-5584

info@s-vr.com

 

Corporate Headquarters

101 West Ohio Street, Suite 2000

Indianapolis, Indiana  46204

 

Northside Office

23 South 8th Street, Suite 3300

Noblesville, Indiana  46060

 

Additional Satellite Locations

Fishers, Indiana

Carmel, Indiana

Plainfield, Indiana

Greenwood, Indiana

Anderson, Indiana

Fort Wayne, Indiana

South Bend, Indiana

Hammond, Indiana

West Lafayette, Indiana

Bloomington, Indiana

Cincinnati, Ohio

Louisville, Kentucky

 

Affiliate Locations

Asheville, North Carolina

Chicago, Illinois

Orlando, Florida

 

Services Available Statewide in Indiana - Real estate appraisals are available in Indianapolis, Fort Wayne, Evansville, South Bend, Gary, Hammond, Bloomington, Muncie, Anderson, Terre Haute, Lafayette, Elkhart, Mishawaka, Kokomo, Richmond, Columbus, Fishers, Carmel, New Albany, Greenwood, Plainfield, Portage, Michigan City, East Chicago, Marion, Merrillville, Goshen, West Lafayette, Noblesville, Granger, Valparaiso, Jeffersonville, Hobart, Schererville, Highland, La Porte, Munster, Clarksville, Crown Point, Logansport, Franklin, Valparaiso, Vincennes, Plainfield, Seymour, Shelbyville, New Castle, Huntington, Griffith, Frankfort, Connersville, and Lawrenceburg.