Thomas P. Lenahan has over 28 years of commercial real estate appraisal experience specializing in apartment, retail, office and industrial property valuation on a regional basis primarily for major financial institutions, government entities, individuals and insurance companies. Mr. Lenahan’s experience covers the performance of fair market valuations, investment and discounted cash flow analysis, highest and best use studies, easements, partial takings, and feasibility analysis. Valuations have been performed as a function for the allocation of purchase price, financing, sales, and ad valorem tax appeals. These aspects of appraisal work have been performed for leading financial institutions, government entities and developers.
An appraiser identifies and provides a value for various types of property. Appraisers fall under several categories of appraisal types such as personal property, real property, machinery and technical specialties, appraisal review and management.
2. What is an Appraisal?
An appraisal is an opinion of value. The preparation of an appraisal involves research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience, and professional judgment of the appraiser.
3.) What Qualifications Must Appraisers Have?
All states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders. Thomas P. Lenahan, MAI is a state certified appraiser the highest category in New Jersey.
4.) What is an MAI?
An MAI is a designation bestowed upon appraisers by the Appraisal Institute who under went a rigorous education and experience requirments and must adhere to strict standards and a code of professional ethics. The Appraisal Institute currently confers the MAI membership designation on those who are experienced in the valuation of commercial, industrial, residential, and other types of properties.
Thomas P. Lenahan is an MAI.
Commercial appraisal valuations have been performed on the following property types:
Houses of Worship,
Including Market Rent Analysis.
We have done buildings of all sizes
from 500 SF to 1 million SF
from 0.10 acres to 3,000 acres.
Besides real estate appraisal reports we also do machinery & equipment appraisals.
231 Lorraine Dr, Berkeley Heights, New Jersey 07922-2341, United States
Monday - Friday: 8:30 am - 6:00 pm