Commercial Property Assessments for Your Property
Integra Inspection Services also offers commercial property assessments and the preparation of comprehensive and informative reports. Properties we inspect are within these guidelines;
Single level commercial office units, up to a maximum of 8 units;
Store-front retail strip mall (single level) up to a maximum of 8 units;
Houses converted to business units, up to a maximum of 8 units;
Houses with businesses on the bottom floor (up to a maximum of 3 units) and
residential on top (up to a maximum of 3 units);
Multi-unit house conversions or apartment complex (up to a maximum of 4 units)
Our Building audits (performed to ASTM Standard E 2018-15) review all major components, including:
Types of Commercial Property Assessments
Our commercial inspection reports are customized to meet our clients’ requirements. We have expertise in the following areas of commercial property assessments:
General Commercial Property Assessment Overview
Plan Ahead A property condition assessment is the start of the planning process. For long term planning of capital renewals and deferred maintenance, make Integra part of your planning strategy.
À La Carte Our inspection reports are customized to meet your needs. In some cases, a bottom line approach is required. Others demand a more comprehensive study, including a review of: Structures, Parking Garages, Exterior Cladding, Roofing, Mechanical Systems, Interior Finishes, Elevators, Electrical, Plumbing, Fire Protection, and Swimming Pools. Environmental Site Assessments are also performed, providing a single point of contact and simplifying the evaluation process.
A Quality Investment At Integra, we exceed our clients’ expectations with prompt service, expert technical abilities and superior communication skills.
The Last Word The Integra report presents our findings in a clear, concise manner outlining the property condition and potential future expenditures. We make specific recommendations, including repair costs and priorities. There is no better investment than an Integra assessment.
Commercial Property Condition Assessment Standards
STANDARD FOR PROPERTY CONDITION ASSESSMENTS In August of 1999, the American Society for Testing and Materials (ASTM) published a Standard E2018-99, which defined “good commercial and customary practice for conducting a baseline Property Condition Assessment (PCA).” This standard was specifically written for commercial real estate and largely intended for commercial real estate transactions. The Standard was updated in November of 2015 and renamed E2018-15. This standard is the protocol for due diligence building inspections. This protocol makes it easier for those involved with commercial real estate transactions, as the report contents and format have been well defined.
THE PCA IS DIVIDED INTO FOUR STEPS:
- Perform document review (drawings, maintenance records, etc.).
- Perform a visual, walkthrough survey of the property.
- Prepare costs for remedies recommended.
- Document findings and costs for recommended repairs in a written report.
RECOMMENDED REPORT CONTENTS INCLUDE:
- Opinions of probable costs only for repairs likely to exceed $3,000. These costs should be for immediate repairs (within one year) and for short-term repairs (within one to two years).
- Estimates of remaining useful life for building components.
- Photographs of typical building elevations, major systems and major deficiencies noted. The entire Standard is 21 pages long and available from ASTM at their website, astm.org