Bluegrass Industrial is a full service real estate appraisal company based in Louisville, Kentucky. Our market area includes cities and counties in both Kentucky & Indiana. Specifically, we service Jefferson, Bullitt, Nelson, Hardin, Spencer, Oldham, Shelby, Trimble, Hart, Larue, Grayson, and Henry Counties in Kentucky.
We also service Clark, Floyd, Washington & Harrison Counties in Indiana.
Commercial Properties within our coverage area, Kentucky & Indiana, are considered relatively typical if their market value is below $2,500,000. In our office we consider a $2,000,000 to be relatively routine.
Properties having dollar values of 2.5 million, 3 million and higher begin to become progressively more complex as their prices increase.
This is due in part to the fact that most properties in our coverage area are below 2.5 million dollars and therefore, market sales & other important market data is more common and easier to identify.
Having sufficient and easily obtainable market data results in less hours of analysis and less report writing, and as a result the cost of the appraisal itself is lower. Appraisers, like other professions, accountants, engineers & architects charge based on the amount of hours spent on a project. Therefore, the more complex a property is, the higher the appraisal fee. The more complex a property is, the higher the appraisal fee.
The same reasoning applies to commercial properties having relatively low marker values. For example, a commercial property having a market value of $750,000 or less, often times, has such a degree of simplicity that the appraisal cost is on the low end of the scale.
As experts in the Louisville, KY commercial and industrial real estate market, and Southern, Indiana, our appraisers understand what types of properties significantly higher values on a per unit basis have as well as what locations command such higher values.
