Property Appraisal Services in Richmond
Commercial and Industrial Real Estate Appraisals in Richmond, BC
AV Appraisals Inc. provides commercial and industrial property appraisal services in Richmond, British Columbia. Our appraisals are prepared by accredited appraisers in accordance with CUSPAP standards and are relied upon by lenders, lawyers, developers, investors, and institutional clients. Each assignment reflects the logistics-driven, transportation-oriented, and highly regulated nature of the Richmond commercial real estate market.
Local Market Context – Richmond, BC
Richmond’s commercial and industrial real estate market is shaped by its role as a logistics and employment hub within Metro Vancouver, supported by proximity to Vancouver International Airport (YVR), regional port infrastructure, and major transportation corridors. Property values are influenced by strong demand for distribution, service industrial, and airport-oriented uses, combined with limited industrial land supply and a highly regulated planning environment.
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Commercial and industrial activity is concentrated within established employment districts such as Bridgeport, East Richmond, River Road, and airport-oriented areas, where access, servicing, zoning permissions, and operational efficiency materially affect value. Many properties are also subject to floodplain and dyking requirements, which introduce additional considerations related to elevation, servicing costs, and long-term land use potential.
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Valuations in Richmond frequently require detailed consideration of zoning bylaws, Official Community Plan (OCP) policies, flood construction levels, and highest and best use, particularly for logistics facilities, airport-related properties, and transitional employment lands. Market value conclusions must account for both existing income characteristics and constraints arising from land use regulation and infrastructure requirements.
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This infrastructure-driven and policy-intensive environment necessitates a localized, well-supported, and analytically rigorous approach to the valuation of commercial and industrial properties within Richmond.
Commercial & Industrial Appraisal Services in Richmond
Richmond is one of Metro Vancouver’s most important industrial and commercial hubs, supported by its proximity to Vancouver International Airport (YVR), major transportation corridors, and port-related infrastructure. We provide appraisal services for:
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Industrial warehouses and distribution facilities
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Service industrial and flex industrial properties
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Airport-oriented commercial and logistics properties
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Office and professional-use buildings
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Retail and mixed-use commercial developments
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Income-producing investment properties
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Development, redevelopment, and land assembly sites
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Valuations are tailored to the specific zoning, land use policies, and highest and best use considerations applicable within Richmond.
Understanding the Richmond Commercial Real Estate Market
Commercial property values in Richmond are influenced by industrial land scarcity, airport proximity, transportation access, and floodplain and servicing requirements. These factors create valuation dynamics that differ materially from other Lower Mainland municipalities.
Our Richmond appraisal reports reflect:
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Airport influence and logistics demand
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Industrial land supply constraints
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Zoning and land use intensity
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Floodplain, dyking, and elevation requirements
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Accessibility to highways, ports, and border routes
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This localized analysis ensures opinions of value that are market-supported, defensible, and suitable for financing, legal, and investment purposes.