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.

● 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

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).

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.

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) has a Serviced Disabled Veteran Owned Business (SDVOB) certification from the VA for SVR.  Please click here to view a copy of the VA SDVOB certification letter for SVR.