Office Property Valuation & Appraisal

Teel Valuation Group provides independent office property appraisals nationwide. Our firm appraises single-tenant office buildings, multi-tenant suburban offices, medical office properties, urban high-rise towers, and mixed-use office components across diverse market environments.

Office values turn on the details of each property. Our assignments frequently involve varying lease structures, expense recoveries (operating costs that tenants reimburse to the owner), tenant improvement obligations (the landlord’s commitment to fund build-out of tenant space), and rollover profiles (the schedule on which leases expire). We also appraise assets facing vacancy, functional obsolescence (lost value from outdated design or layout), or repositioning.

We analyze tenant credit, lease-up risk (the time and cost of filling vacant space), market rent trends, and operating expense behavior. Our capitalization rates (the rates that convert income into value) and discount rates (the rates that convert future income into today’s dollars) are supported by the market. We apply recognized methodologies and market-derived data.

The result is a defensible office property valuation for financing, litigation, estate and trust, and institutional advisory purposes. To discuss an assignment, fill out our form or call 713-467-5858.