Commercial Appraisers in Phoenix and Maricopa County

Vanguard Realty Advisors provides MAI-led Phoenix commercial appraisal and appraisal review across Maricopa County. Since 2011 we have completed more than 200 commercial appraisal assignments across Arizona, most of them in Maricopa County, from Glendale and Peoria to Mesa, Scottsdale and Gilbert. Lenders, attorneys, CPAs and property owners use our reports for financing, estates, partnerships and tax matters. Phoenix assignments are led by Russell W. McCoy, MAI, an Arizona Certified General Real Estate Appraiser (Certificate No. 31909) who has appraised commercial real estate since 1998.

Our Busiest Arizona Cities

Arizona appraisal and appraisal review assignments since 2011, by city.

City	Assignments	Most common property types
Phoenix	71	Retail, industrial, office
Glendale	15	Retail, industrial, office
Mesa	14	Retail, industrial, office
Scottsdale	14	Retail, healthcare, office
Peoria, Tempe, Gilbert, Chandler and 7 other Maricopa County communities	29	Retail, industrial, office
Tucson	30	Industrial, retail, apartments
Yuma, Flagstaff, Prescott, Sierra Vista and 17 other Arizona communities	33	Retail, industrial, hotel

Phoenix Appraisal Services

• Appraisals for bank and SBA financing
• Date-of-death and estate appraisals, including retrospective values (see our date of death appraisal guide)
• Partnership, divorce and litigation appraisals
• Property tax appeal support for Maricopa County assessments
• Desk reviews and restricted appraisal reports
• Rent studies

What Drives Phoenix Commercial Values

• Industrial demand along I-10 and Loop 303. Warehouse and storage-yard values in the West Valley (Goodyear, Tolleson, Glendale) depend on truck access and yard space as much as building size.
• Net-leased retail. Much Phoenix retail trades as single-tenant NNN assets (quick-service restaurants, auto service, pharmacies), so lease terms and tenant credit drive value.
• Ground leases and pad sites. Many retail assignments value land under a ground lease rather than a building.
• Owner-user office and medical condos. Small office and medical condominiums in Scottsdale, Gilbert and central Phoenix sell mostly to owner-users, which shapes the comparable sales.
• Special-purpose properties. Car washes, funeral homes, tire shops and hotels need income and cost approaches built for that use.

Scottsdale and the East Valley

Our Arizona team has completed more than 45 appraisal and appraisal review assignments in Scottsdale and the East Valley, led by Russell W. McCoy, MAI. Most commercial appraisals here cost $3,000–$4,000 and are delivered in 2–3 weeks.

Scottsdale

Scottsdale’s commercial market centers on the Scottsdale Airpark, one of the Valley’s largest employment areas, along with medical office near the HonorHealth campuses and retail along Scottsdale Road and in Old Town. Values often turn on tenant quality, lease terms and the premium buyers pay for a Scottsdale address, so we compare each property with sales and leases inside the city rather than Valley-wide averages.

Mesa, Gilbert and Queen Creek

Mesa and the Southeast Valley have grown quickly, with industrial and flex space around Falcon Field and the Phoenix-Mesa Gateway Airport, and new retail and medical office following rooftops into Gilbert and Queen Creek. In fast-growing areas, recent sales and land prices can shift within months, so we weight the most current comparable data and check each property against what is being built nearby.

Tempe and Chandler

Tempe’s office and mixed-use market is shaped by Arizona State University and the Tempe Town Lake area, while Chandler’s Price Road corridor is anchored by technology and manufacturing employers. For these properties we look closely at the lease terms, the tenant’s credit and the cost to replace newer buildings, alongside comparable sales.

We also appraise property in Apache Junction, Fountain Hills and the rest of the East Valley. Call (602) 535-1221 or request a free quote.

Tempe and Gilbert

In Tempe and Gilbert we appraise office, industrial and retail property, led by Russell McCoy, MAI. Tempe’s older industrial and flex buildings and Gilbert’s newer office and retail centers often trade differently, so we choose comparables from the same part of the East Valley and the same building type. Most commercial appraisals here cost $3,000–$4,000 and are delivered in 2–3 weeks.

Goodyear, Surprise and the West Valley

We also appraise commercial property in the West Valley, including industrial and retail buildings in Goodyear and commercial land in Surprise and Buckeye, led by Russell McCoy, MAI. Much of the West Valley is newer construction or land along the I-10 and Loop 303 corridors, so land value and recent development sales often matter more here than in central Phoenix. Most commercial appraisals here cost $3,000–$4,000 and are delivered in 2–3 weeks.

How We Value Commercial Property in Phoenix

Commercial appraisers in Phoenix value property using three approaches: the income approach, the sales comparison approach and the cost approach.

• Income approach. If the property is income-producing, such as a leased retail center, office building or apartment complex, the income approach is usually the main approach to value.
• Sales comparison approach. If the property is vacant or owner-occupied, such as a vacant lot or an owner-occupied building, the sales comparison approach is usually the main approach to value.
• Cost approach. If the property is special-use, such as a church, school or newer purpose-built facility, the cost approach is usually the main approach to value.

Which approach leads depends on several factors, including the property’s highest and best use, the likely buyer or user (owner-user, investor or developer) and the quality and comparability of the available market data. Every Phoenix assignment is led by an MAI-designated principal and signed by a state-certified general appraiser.

Notable Phoenix-Area Commercial Appraisal Assignments

A sample of recent Maricopa County appraisals. Addresses and clients are kept confidential.

Property	Size	City
Hotel	45,982 SF on 1.98 ac	Mesa
Industrial building	29,888 SF on 2.20 ac	Tempe
Apartment complex	26,945 SF	Phoenix
Industrial building	13,800 SF on 2.79 ac	Phoenix
Retail building	12,900 SF	Peoria
Retail and office storefronts (four buildings)	8,231 SF	Phoenix
Medical office condominiums (three units)	7,266 SF	Scottsdale
Industrial storage yard	6.73 ac	Phoenix
Funeral home	5,963 SF	Phoenix
Auto service building	5,722 SF on 0.92 ac	Avondale
Car wash	3,956 SF on 1.71 ac	Phoenix
Industrial land and storage yard	2.21 ac	Goodyear

Date-of-Death Appraisals in Phoenix

When a property owner passes away, executors, trustees and their attorneys usually need a retrospective appraisal of the commercial property as of the date of death. It establishes the heirs’ stepped-up cost basis, supports IRS filings such as Form 706, and gives the family a defensible value for dividing, selling or buying out the property. We prepare IRS-qualified, MAI-signed date-of-death appraisals of commercial property and land throughout Phoenix and Maricopa County.

Read our date of death appraisal guide for deadlines, IRS rules and typical costs, or see our date-of-death appraisal services.

Phoenix Commercial Appraisal FAQ

How much does a commercial appraisal cost in Phoenix?

Most Phoenix commercial appraisals cost about $3,000 to $4,000. Larger or complex properties, such as hotels or multi-building sites, cost more. You get a fixed quote before any work starts.

How long does a commercial appraisal take?

Most reports are delivered in 2–3 weeks after engagement. Rush delivery is available for closings and court deadlines.

Do you appraise net-leased (NNN) and ground-leased properties?

Yes. Much of our Phoenix retail work is single-tenant NNN buildings and ground-leased pad sites, where the lease terms and tenant credit drive value.

What property types do you appraise?

Retail, industrial, office, land and apartments make up most of our work. We also appraise hotels, medical office, self-storage, car washes and other special-purpose properties.

Can you appraise a property as of a past date?

Yes. Retrospective appraisals are common for date-of-death, estate and divorce matters.

Do you help with Maricopa County property tax appeals?

Yes. We prepare appraisals that support appeals of assessed values.

Do you work with SBA and bank lenders?

Yes. Our reports follow USPAP and lender requirements for financing.

What do you need from me to start?

The property address, the purpose of the appraisal and, for income properties, current leases and operating statements.

Who signs the report?

Every Phoenix report is signed by an MAI, state-certified general appraiser on our team.

Need a Phoenix commercial appraisal? Call (602) 535-1221 or request a free quote.

Get a Free Quote

For Phoenix Commercial Appraisal Services
Contact: Russell W. McCoy, MAI | rmccoy@vracommercial.com | (602) 535-1221

Last updated: November 9, 2026 · Reviewed by Russell W. McCoy, MAI