Welcome to PetroVal, Incorporated.
|There are more than 170,000 retail petroleum properties located across the United States, yet most appraisers simply do not understand the market dynamics for these facilities.
The professional appraisers at PetroVal have the skills, the market knowledge, and the integrity to successfully complete your assignment in a reliable fashion.
Why do you need an appraisal specialist?
Retail Petroleum facilities are typically bought and sold as going concerns. Prices paid for these properties are a function of the profitability. Unfortunately, many appraisers base their value estimates on typical real estate methodologies such as price per square foot--or worse yet-- price per hose, and do not consider the critical profitability factors. Federal appraisal regulations (FIRREA, USPAP) require the segregation of real estate, equipment, and business components of value so lenders can make a reasonable risk assessment of the collateral. Frequently, other appraisers fail to accurately estimate market value and fail to adequately segregate the components of value as required by Federal regulations.
Will a specialist cost more?
No, not necessarily. PetroVal's professionals work more efficiently in their niche, while providing their clients a superior quality service. They know the right questions going in to the assignment.
Dispensing premium services at regular prices is PetroVal's goal. You can always find a cheaper product or service, but the consequences of an unreliable valuation are:
PetroVal recognizes that a retail petroleum property is a going concern business and not simply commercial real estate. The analysis begins with a valuation of the entire business enterprise based on current and potential retail sales and profitability factors. Then, the contributing values of real estate, equipment, and business are segregated, typically using three separate techniques. This type of analysis is not possible without detailed financial information concerning comparable properties, and a thorough knowledge of the industry.