11,500+
Assignments since 2011
1,200+
Completed in 2025
MAI
MAI-led commercial appraisal firm
✔ Estates settled with IRS-ready date-of-death values✔ Trusts divided fairly with values every beneficiary can rely on✔ Loans closed on schedule with lender-ready reports✔ Disputes resolved with values that hold up in court

Finding the Right Commercial Appraiser Is Harder Than It Should Be

Most people who need a commercial appraisal have never hired an appraiser before, and many are doing it while settling a loved one’s estate.

  • “Appraiser near me” isn’t enough. Searches return a mix of residential appraisers, national firms and directories, with no easy way to tell who is qualified.
  • Not all licenses are equal. Licensed Residential, Certified Residential and Certified General are different levels, and only a Certified General appraiser is licensed for most commercial property.
  • Experience varies. An appraiser who rarely handles your property type, or estates and past dates of value, may not produce a report that holds up with the IRS, a court or a lender.

New to hiring an appraiser? Read our guide: How to choose a commercial appraiser →

How We Make It Simple

Matthew Reynolds, MAI, co-founder of Vanguard Realty Advisors

“I co-founded Vanguard in 2011. Whether it’s an estate, a loan or a dispute, every assignment is led by an MAI-designated principal.”

Matthew Reynolds, MAI · Co-Founder

Here’s how we make it easier:

  • The right credentials on every report. Every appraisal is prepared and signed by a Certified General appraiser, the license required for commercial property.
  • Experience with your situation. More than 11,500 assignments since 2011, including date-of-death, retrospective and fractional interest work for estates and trusts, plus reports for lenders, attorneys and CPAs.
  • Easy from start to finish. We explain what you need simply, without the jargon, give you a fixed fee and delivery date up front, and stay available to answer questions after the report is delivered.

What You Get

A value you can rely on, delivered when you need it, without the stress.

Peace of mind

When the IRS, a court, a lender or your family looks closely, your value holds up, and you can move on.

Move forward on time

The estate gets settled, the loan closes and the deadline is met, because you know the fee and delivery date up front and the report arrives when promised.

Less stress

You don’t have to become an appraisal expert. Clear answers and someone who handles the details let you focus on your family, your clients or your business.

What Our Clients Say

★★★★★ 5.0 on Google from 85+ reviews across our offices  ·  Read all reviews on Google →

★★★★★

“Our financial institution’s commercial lending department has been working with Matt and Vanguard for a number of years now. Professional – high quality caliber work, responsive, reasonable cost and quick delivery.”

— Patrick D. · Google review

★★★★★

“Matt Reynolds is a true professional. We have been using and recommending Vanguard Realty Advisors for the past decade. The service and communication provided are always on point, which can make or break a deal.”

— Christopher F. · Google review

★★★★★

“Matthew was excellent to work with on our tax appeal. He responded quickly to all our questions and concerns. Would definitely use again.”

— Aztec Technology · Google review

Top rated
5.0
I've been using Vanguard Realty Advisors for close to 15 years. Matthew Reynolds, does a great job appraising CRE properties and is able to provide sufficient data around market area and type of asset that is being appraised. With his extensive knowledge, he has been a pleasure to work with and provides lenders the necessary data/tools to make decisions on CRE assets being taken as collateral.
Matt and the entire Vanguard Realty Advisors team have been very responsive and professional in conducting appraisals. We have engaged the company numerous times and I would highly recommend Vanguard for commercial appraisal services.
I've been working with Matt and Vanguard Realty Advisors for over 10 years. Their service is stellar. They're always prompt at the inspections. Matt and his staff are extremely professional and they have a tremendously amount of knowledge and a vast understanding of the real estate market which makes their reports very credible. There's no question they are the #1 appraisal firm.
Vanguard is fantastic! I have known Matt for at least 10 years and can say without question his work is accurate, on time, and professional. Matt and his team are prompt and their reports always meet expectations. I get Matt and Vanguard involved in as many transactions as possible!
Matt Reynolds and the staff at Vanguard are true professionals. Very responsive and always transparent with their work. I highly recommend their work for appraisal services.
We have been working with Matt and Vanguard Realty Advisors for 10 years. Their service is always outstanding. They always deliver our reports on time or before their promised due date. Matt and his staff are extremely professional and their knowledge of the commercial real estate market and our SBA standards is top notch. We would highly recommend using Vanguard, they are the best in the business! TMC Financing
I have been working with Matt for the past 3 years and he is professional, knowledgeable, punctual and very responsive. For site inspections, he would always be there on time. It is always a pleasure working with Matt. The appraisal Matt delivers contain vast amount of information that is useful in understanding the current real estate market and extremely helpful when underwriting. I would love to continue to work with Matt and his team in the future.
Matt has been great to work with! Extremely prompt and efficient. Can't recommend enough.
Matt and his team have been absolutely outstanding. I have had the pleasure of working on approximately a dozen or so deals with Matt and they have always done a great job. Great communication and understanding of the Southern CA Commercial Real Estate market. I would highly recommend Matt and his team with Vanguard Realty Advisors. Kyle
I have successfully worked with Matthew and his commercial real estate appraisal firm. Highly recommend him for Los Angeles county.
Vanguard Realty has always provided excellent service in a timely manor. I will continue to do business with Matt and his team in the future.
If you're looking for an appraiser or other property related services, please do yourself a favor and reach out to Vanguard. I've worked with countless appraisers throughout my career and Matt and his team at Vanguard are the best. They are quick, responsive and work with integrity.
Our financial institution's commercial lending department has been working with Matt and Vanguard for a number of years now. Professional - high quality caliber work, responsive, reasonable cost and quick delivery. Vanguard is excellent for reliable and consistent work.
I have worked with Matthew Reynolds at Vanguard for many years. My company, Business Loan Capital has used his appraisals to great success and he is our go-to appraiser for deals in Orange and Los Angeles Counties. I would highly recommend his company
Matt and his team at Vanguard are true professionals and invaluable partners to our organization. They are prompt, detailed and add value by supporting our efforts to meet tight timelines on projects throughout the US. I recommend Vanguard to any lender in need of valuation services.
Vanguard Realty Advisors has been a great partner for our CRE transaction. They deliver on time and on cost, every single time I use them. As the #1 SBA Lender in the country, it is imperative I have a reputable appraiser, Vanguard Realty Advisors is just that!
Vanguard Realty Advisors has been nothing but the best in commercial appraisal services. Matt is always very responsive and ready to tackle any project with his extensive knowledge of SBA 504 standards and the commercial real estate market. With quick turnarounds and competitive pricing, I highly recommend Matt and his team at Vanguard Realty Advisors.
Matt at Vanguard is wonderful. He always responds quickly and provide quality appraisals. He is always my first choice.
Matt is awesome to work with, very professional, communicates proactively, and always available!
Fantastic group....always deliver in a timely manner.
Highly recommend!!! It’s just so easy to work with Matt on appraisal reports as he reviews and sends out formal engagement letter quickly. He is very responsive and provides quality reports. If you have any questions or need any updates on the reports, he will assist right away.
Vanguard has been our "go to" appraiser for years with fast turnarounds, excellent reports and customer service!
Matt Reynolds is a very qualified MAI Appraiser who understands the nuances of various commercial property types, which sometimes other firms can lack and affect the expected value. Due to his experience, knowledge of the areas, and deep level of analysis, I highly recommend VRA for your commercial appraisal needs. Aside from the consistent quality, timing and pricing are competitive. Matt is a pleasure to work with; very professional and personable. First-rate experience from start to finish every time.
Matt Reynolds is a true professional. We have been using and recommending Vanguard Realty Advisors for the past decade. The service and communication provided are always on point, which can make or break a deal.

How It Works

1

Step 1: Request your free quote

Tell us about the property and why you need the appraisal. Within one business day, you’ll have a fixed fee and delivery date, and you decide if you’d like to move forward.

Get a Free Quote

or call (800) 511-4130

2

Step 2: We complete your appraisal

Our MAI-led team inspects the property, researches the market and prepares your signed report, most within 2–3 weeks.

3

Step 3: Move forward with confidence

Settle the estate, close the loan or resolve the dispute with a value that holds up. And if questions come up later, we’re here.

10 reasons clients choose Vanguard

  1. 1MAI-led expertise
  2. 2Commercial is all we do
  3. 311,500+ assignments since 2011
  4. 4Estate and trust specialists
  5. 5IRS-qualified reports
  6. 6Fixed fee, no surprises
  7. 7Most reports in 2–3 weeks
  8. 8Local market knowledge
  9. 95.0 rating on Google
  10. 10We don’t disappear after delivery

Read all 10 reasons in detail →

Our Commercial Real Estate Appraisal Services

Estates, Trusts & Date of Death

Date-of-death, stepped-up basis, retrospective, fractional interest and partition appraisals for executors, trustees, estate attorneys and CPAs. IRS-qualified appraisers; values as of any past date.

Date of death appraisals →

Attorneys, Partners & Litigation

Appraisals for partner buyouts and partnership disputes, property tax appeals, divorce and other litigation.

Divorce, partnership & litigation appraisals →

Buyers, Sellers & Lenders

Independent values for buyers and sellers pricing a deal, and commercial appraisal reports and reviews for banks, credit unions and SBA lenders, delivered on schedule.

Commercial appraisal reports →

We Appraise Most Commercial Real Estate Property Types

From office buildings and retail centers to warehouses, apartment buildings and land, we provide commercial building appraisals throughout Los Angeles, Orange County, San Diego, the Inland Empire, Ventura County and the Charlotte region.

Our Offices

Local MAI-led appraisers in Southern California and the Carolinas.

Carlsbad

Headquarters · San Diego County

6106 Innovation Way
Carlsbad, CA 92009

(760) 855-3959

Mon–Fri 7 AM–6 PM

San Diego appraisals →

Los Angeles

Los Angeles County

3415 S. Sepulveda Blvd., Suite 1100
Los Angeles, CA 90034

(213) 673-1425

Mon–Fri 7 AM–6 PM

Los Angeles appraisals →

Charlotte Region

Charlotte, NC & the Carolinas

248 Market St.
Locust, NC 28097

(704) 222-6336

Mon–Fri 7 AM–6 PM

Charlotte appraisals →

Toll-free: (800) 511-4130 · Serving all of Southern California, Orange County, the Inland Empire and Ventura County.

Commercial Appraisers Near You: Areas We Serve

Local commercial appraisers with offices in Carlsbad and Los Angeles, serving all of Southern California.

Los Angeles →

Los Angeles County, from our Westside office

San Diego →

San Diego County and North County, from our Carlsbad headquarters

Orange County →

Commercial appraisers for Irvine, Anaheim, Santa Ana, Newport Beach and all of Orange County

Ventura County →

Oxnard, Ventura, Thousand Oaks, Simi Valley and more

Also Serving

Who We Are

Founded in 2011 by Matthew Reynolds, MAI, and Russell McCoy, MAI, Vanguard is an independent commercial appraisal firm known for fast answers and reports that arrive when promised.

We appraise industrial, retail, office, apartment, land, hotel and special-purpose properties for estates and trusts, lending, divorce and litigation.

Meet Our Team

Credentials Behind Every Report

State Certified General

Every report is prepared and signed by a state Certified General appraiser, the highest state license level and the only one that covers all commercial property.

MAI-Led Firm

Vanguard is led by appraisers holding the MAI designation, the most respected credential in commercial appraisal. If your assignment requires an MAI, we have you covered.

IRS Qualified

Estate and gift tax filings require a "qualified appraisal" by a "qualified appraiser." Our reports are prepared to meet those IRS requirements.

Land Specialists

Land valuation turns on zoning, entitlements, access, utilities, topography, easements and development potential. We handle the complex land assignments other firms avoid.

What to Expect

$2,000–$4,000Typical fee, depending on property complexity and deadline
2–3 weeksTypical turnaround from engagement. Rush in 1 week or less for an added fee

Get a Free Quote

Frequently Asked Questions

What areas do you serve?

We appraise commercial property throughout Southern California, including Los Angeles, Orange County, San Diego, the Inland Empire and Ventura County, from our offices in Carlsbad and Los Angeles. Our Charlotte-area office covers North and South Carolina. Every property is inspected in person. We also take assignments in the Bay Area, Sacramento and the Central Valley, Phoenix, Las Vegas and other markets. If your property is somewhere else, just ask. See all the areas we serve.

How do I find commercial appraisers near me?

Look for a commercial appraisal firm with a local office, a California state-certified general appraiser on every report and MAI-designated leadership. Vanguard Realty Advisors has offices in Carlsbad and Los Angeles, so our appraisers are near you anywhere in Southern California, from San Diego and Orange County to Los Angeles, the Inland Empire and Ventura County.

How much does a commercial appraisal cost?

Most commercial appraisals cost about $2,000 to $4,000. The fee depends on the property type, its size and complexity, and how quickly you need the report. We give you a fixed-fee quote within one business day.

What is a typical turnaround time for a commercial real estate appraisal?

Most commercial appraisals take 2 to 3 weeks from engagement. Rush delivery in 1 week or less is available for an added fee.

Do I need a date-of-death appraisal for an inherited commercial building?

In most cases, yes. A date-of-death appraisal sets the property's new tax basis (the stepped-up basis), which can greatly reduce capital gains tax when the property is sold. It also supports an estate tax return if one is required, and gives the executor or trustee a fair value for dividing the estate. Learn more about our date-of-death appraisals.

Can you appraise a property as of a past date?

Yes. A retrospective appraisal values the property as of an earlier date, such as the date of death, a transfer date or a date in a dispute. We use the sales, rents and market conditions from that time, even if the date was several years ago.

Will the IRS accept your appraisal?

Our appraisals are prepared to meet the IRS requirements for a qualified appraisal by a qualified appraiser. Our MAI-designated, Certified General appraisers sign each report, and every report follows USPAP, the national appraisal standards.

How do I check if a commercial appraiser is qualified?

Make sure the appraiser holds a Certified General license, the only state license that covers all commercial property. You can confirm it on your state's licensing board website or the national Appraisal Registry. For estate, tax or legal work, also look for the MAI designation.

How do I choose the right commercial appraiser?

Start with the license (Certified General) and credentials (MAI), then look for experience with your property type and the reason you need the appraisal. Online reviews help too. Vanguard holds a 5.0 rating on Google from 85+ reviews. Our guide to choosing a commercial appraiser walks through the questions to ask.

What are the two types of commercial real estate appraisal reports?

An Appraisal Report and a Restricted Appraisal Report. Both are based on the same research and analysis. An Appraisal Report summarizes the data and reasoning behind the value, so a reader can follow how it was reached; it is the usual choice when lenders, the IRS or a court will rely on it. A Restricted Appraisal Report is more condensed: it states the conclusions rather than summarizing the analysis, and its use is limited to the client and any other intended users named in the report.

Commercial Appraisal Guides

Date of Death Appraisal Guide: Everything You Need To Know About Date of Death Valuation

What a date-of-death appraisal is, the IRS guidelines, how a stepped-up basis works, and when to order one. Read More

The Average Commercial Appraisal Cost Was $2,529 Nationally Per Latest Report

The national average fee for a commercial appraisal, from the LightBox CRE Market Snapshot (Q1 2024). Read More

How Long Does It Take To Complete A Commercial Real Estate Appraisal Report? 13.3 Days Per Latest Report

The average turnaround for a commercial appraisal report, from the LightBox CRE Market Snapshot (Q1 2024). Read More

Complete Guide to IRS Qualified Appraisals: Requirements, Finding Qualified Appraisers & More

What makes an appraisal IRS-qualified, who counts as a qualified appraiser, and when estate, gift or donation filings need one. Read More

See All Articles

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