Edmonton, AB: (780) 470-8056
Calgary, AB: (403) 714-6030
Valuation & Advisory Services
Commercial Appraisal Edmonton
Commercial Real Estate Appraisal in Edmonton
Bourgeois Brooke Chin Associates provides independent commercial real estate appraisals across Edmonton and the surrounding region, including St. Albert, Sherwood Park and Strathcona County, Leduc and Nisku, Spruce Grove, Stony Plain and Fort Saskatchewan. Our Edmonton office is led by Mark Poechman, AACI, P.App, Managing Partner, who has been qualified as an expert witness by the Court of King's Bench of Alberta and serves as a National Director of the Appraisal Institute of Canada.
Our firm has completed commercial appraisal and consulting assignments in Alberta since 1978. Reports are prepared by designated members of the Appraisal Institute of Canada, follow the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP), and are accepted by major banks, credit unions, lenders and the courts.
Commercial properties we appraise in Edmonton
- Retail: strip centres, neighbourhood and community shopping centres, freestanding retail buildings, pad sites and restaurants.
- Office: downtown and suburban office buildings, medical and professional offices, and owner-occupied office space.
- Mixed-use: ground-floor retail with office or residential above, including infill and transit-oriented projects.
- Commercial condominiums: retail, office and industrial condo units, handled by Rene Cabusas, B.Comm, our Lead Associate for IC&I Condo Services.
- Development land: commercial sites, redevelopment parcels and highest-and-best-use analysis.
- Special-purpose properties: seniors care facilities, institutional buildings and other properties with limited comparable sales.
Why local knowledge matters in Edmonton
Edmonton's commercial market is not one market. A retail plaza on a busy arterial in south Edmonton, a downtown office tower and a neighbourhood strip centre in the northeast attract different buyers, tenants and lenders, and they trade on different capitalization rates and rents. Edmonton's Zoning Bylaw 20001, which took effect on January 1, 2024, also changed what can be built on many commercial and mixed-use sites, which can change a property's highest and best use and therefore its value.
We track recorded commercial sales and leases across the Edmonton region in our own transaction database. That lets us support our market rent, capitalization rate and price-per-square-foot conclusions with local evidence rather than broad provincial averages.
Why clients order an Edmonton commercial appraisal
Clients rely on our Edmonton appraisals for:
- Financing and refinancing for banks, credit unions and private lenders.
- Litigation support and expert testimony, including disputes before the Court of King's Bench.
- Estate planning, estate settlement and date-of-death valuations.
- Property assessment complaints before the Edmonton Assessment Review Board.
- Expropriation and partial takings, including matters before the Land and Property Rights Tribunal.
- Matrimonial property division.
- Purchase, sale, partnership buy-outs and asset management decisions.
How we complete the appraisal
Every assignment starts with a conversation about the purpose of the report and who will rely on it. We then inspect the property, review leases, rent rolls and operating statements where the property is income-producing, and research zoning, assessment and site characteristics. Depending on the property, we apply the income approach (direct capitalization or discounted cash flow), the direct comparison approach and, where appropriate, the cost approach, and reconcile them into a supported market value conclusion.
Turnaround and fees
Most commercial appraisals are completed within one to four weeks, depending on your timeline and the complexity of the property. Fees are quoted for each assignment after a short discussion of the property and the purpose of the report.
Contact our Edmonton office: Bourgeois Brooke Chin Associates, PO Box 50206, RPO Clareview, Edmonton, AB T5Y 2M9.
Phone (780) 470-8056. To request a quote, call us or send us the details below.